The current smes financing problems and countermeasures

The current smes financing is long plagued the bottleneck of the development of small and medium-sized enterprises, one of the appearance of the global financial crisis, the financing of small and medium enterprises to be even worse. This paper analyzed the present financial crisis financing difficult situation of small and medium-sized enterprises, this paper reveals the profound reasons of the problems, and in the light of the cause of the problem put forward the current financing difficulties of small and medium-sized enterprises to overcome the countermeasures to be using for reference.

[key words] financial crisis financing

In the global financial crisis and the recession in the background, the small and medium enterprise financing problems to solve, improve the living environment of small and medium-sized enterprises, and no doubt on stimulating domestic demand, uphold economic social stability vital significance. Small and medium-sized enterprise to cross financial crisis this line, the key is to alleviate or finally solve the financing of small and medium enterprises historic problem, so the need for small and medium-sized enterprise financing problems of specific analysis and the ponder.

1 under the current financial crisis financing difficulty of the status quo

Small and medium-sized enterprises to market perception sensitive, flexible mechanism, in the technical progress and mechanism innovation, create jobs and promote the economic development plays an increasingly prominent role. However, the financing problems have been restricted the development of small and medium-sized enterprises is the main obstacle, in the current financial crisis under serious impact, and small and medium-sized enterprise financing problems become more prominent in the flow of funds into a vicious cycle in. The national development and reform commission analysis report shows, in 2008 the first half of the small and medium-sized enterprises more than 1 m 6.7 collapse and go out of business enterprise is a bank capital dependency higher enterprise, and the second is labor-intensive enterprise. The survival of small and medium-sized enterprises face difficulties in financing is a series of negative factors superimposition effect results. International, the U.S. subprime mortgage crisis, which led to the economic recession external demand shrinking; In China, the tight monetary policy, of the price hike in raw materials, higher labor costs, are compressed the enterprise survival profit space, at this time, Banks tend to support safety marginal higher big enterprise, small and medium-sized enterprise loan be phenomenon is more outstanding.

2 the present financial crisis financing difficulty reasons

Enterprise 2.1 generally start shortage

By the influence of the global financial crisis, the overseas market demand significantly lower, and many export-driven small and medium-sized enterprise performance affected. And those of the corresponding enterprise production and marketing of two popular form bright contrast situation is, enterprise is insufficient start, part of medium to the small enterprises in an almost BanTingChan state. Since the market overall demand falls, trade competition more and more fierce, and part of the enterprise survival in danger. According to industry personnel in expected to export oriented primarily of small and medium-sized enterprises, the current situation capacity is very obvious. The current most foreign trade processing enterprise is large, the effects of the main market, prices, exchange shrinking tax refund loss bigger.

Enterprise 2.2 the profitability of the downturn

Small and medium-sized enterprise squeezed of survival, the yuan appreciation, by constantly raw material prices, rising labor costs of factors such as comprehensive effect, originally the profit space extremely narrow small and medium-sized enterprise future production efficiency is not optimistic. The current steel, copper, aluminum and other raw material prices appear different degrees of fall back, to some of the small and medium-sized enterprises should be good, but in the price of raw materials and disorder also added the concerns of the part of the business owners. As the fall in the price some cable enterprise severely damaged, such as space cable group a month's time for copper material inventory and lead to direct economic loss of 1.8 million yuan. Huaxing chemical in international crude oil prices for 100 dollars/barrel bought a large number of raw material, can ensure the two more months of production, but the present international oil prices continue to fall, will produce huge losses caused by the production of embarrassing position.

2.3 arisen bank is serious

Financial crisis situation, demand falling, cost rise, will also enable economic and financial resources to a monopoly or large enterprise tilt and rationing, through the form of substitution effect, relative cut in small and medium enterprises loanable fund channels. In addition, in the macro economic recession then entered into or crunch stage, along with the small and medium enterprise management risk and the credit risk level of substantially increased, credit rationing phenomenon will tend to be more serious, loanable fund and possible absolute cuts.

3 the current financing difficulties of small and medium-sized enterprise overcome countermeasure thought

3.1 actively implementing the countries to support small and medium enterprise credit policy

Because of the influence of financial crisis facing difficulties for business, but a good credit history, fundamentals and with good competitive market, with order, the small and medium-sized enterprises, continue to give credit support. Adhere to the new deposits mainly used for local issue loans. To speed up the adjustment of small and medium-sized enterprise ", payment management standards, begin from 2009, general enterprise already collected payment for goods settlement of exchange to increase the proportion of single amount smaller exports already collected payment for goods, not included in the settlement of exchange quota management scope; Adjust enterprise deferred payment annual amount scale, for foreign small and medium-sized enterprise trade financing create favorable conditions.

3.2 innovative small and medium-sized enterprise credit management service system

A small and medium enterprise loan special examination, the state-owned commercial Banks, joint stock commercial Banks loan growth of small and medium-sized enterprises, the bank shall be higher than the average loan growth, new small and medium-sized enterprises to realize the add up loans; The city commercial bank to try to realize most new loans throughout the year used to support small and medium enterprise development; Small and medium-sized enterprise loan rural rural credit cooperatives faster growth, shall be higher than in addition to other loan growth outside farmers loans. Actively developing small and medium-sized enterprise equity pledge loan, the promotion of accounts receivable pledge, warehouse receipt pledge, supply chain financing, financing, such as loan bill varieties, the positive development of the trust financing, leasing financing and distinctive financial products. Shorten the cycle of approving loans, and small and medium-sized enterprise approving loans to finish within the time limit as prescribed.

3.3 to encourage small and medium-sized enterprise direct financing

If in accordance with the relevant laws, regulations and policies of the small and medium-sized enterprise quality can get into the capital market, select a batch of growth is good, strong market competitiveness of small and medium-sized enterprises issued debt and companies set as the debt reserve resources, completes promptly preliminary examination and recommend work, make the best of organization reported. So not only to the development of capital market bring fresh blood, more important is the capital market "just, fair, open" principle be reflected. At the same time countries should also be positive for small and medium-sized enterprises in the second-board market listed create conditions for potential of small and medium-sized enterprises to provide direct financing stage.

3.4 efforts to raise the market competitiveness of small and medium-sized enterprises to solve the financing difficulty is the core of the small and medium-sized enterprises improve their own competitiveness. The trend of the development of small and medium-sized enterprises at present is to personalized, customization and high added value change. The ship small good turn around, enterprise in keep original market share at the same time, more than the next step in domestic market, especially the rural market for some of the development of marketable products, is small and medium-sized enterprises in the same period of strategic development guidelines. Enterprise must strengthen the r&d investment, speed up the renewal speed of products, timely eliminated not marketable products, new product development, through the technology investment, have the products the core technology, occupy the market actively, and constantly improve the enterprise market competitiveness.