Introduction: enterprise financing is refers to enterprises as the main financing, so that enterprises and the internal link between supply and demand of funds movement process from unbalanced to balanced.
When the shortage of funds, with the minimum cost to raise appropriate period, the appropriate amount of funds; when the surplus funds, to the lowest risk, appropriate term put out, in order to obtain the maximum benefit, in order to achieve the balance of supply and demand of funds.
The sovereign debt crisis triggered by the financial turmoil, let the struggling Chinese of small and medium-sized enterprises once again issued a shortage of money. Some third party online financial services platform successfully, marking the network field of SMEs financing and the emergence of a new member. It is understood, by government to actively guide and support, as a big province of small and medium enterprises in Zhejiang, the financing for small businesses network has burgeoned, including number of online banking, Alibaba and other companies, including network loan financing has reached 400 billion yuan.
30 years of reform and opening up, the rapid development of the medium and small enterprises in Zhejiang private economy, small and medium-sized enterprises has become an important support for the province's economy. According to preliminary statistics, as of the end of 2010, small and medium enterprises in the province a total of about 300 million, 99.7% of the total number of enterprises, 96% of the total industrial output, 85 percent of industry revenue, 82% of the exports, 95% of the industrial enterprises employees, from to small and medium-sized enterprises.
The current financing difficulties of small and medium-sized enterprises, has been paid more attention by the central and local government. In recent years, many policies have been introduced, but the problem has not been fundamentally solved.
Some experts pointed out that the financing of small and medium-sized enterprises has the characteristics of small, urgency, frequency, short, but another bank to give management costs of the small and medium-sized enterprise financing and bring high risks and high, these reasons for the lack of driving force, exacerbated by the information asymmetry, bring the problems such as narrow financing channels, to make the illness worse.
To third-party financial services for network on behalf of the new financial industry, information technology and financial lending services are fully integrated, can make up the traditional commercial banks in fund to deal with the lack of efficiency and personalized service and so on, but also to guide the volume huge private capital flows industry state of health of the industry, "financing and investment on this platform, will really be effective docking."
The personage inside course of study also believe that using Internet financing mode, greatly improving the SME financing availability and reduce the cost of financing for SMEs, expand the space for the development of financial institutions, which is a new breakthrough of the traditional credit model, is a new model of win-win situation.
At present the network financing as the financing patterns of small and medium enterprises new, is still in the initial exploration stage, the function is not perfect, lack of supporting services.
It is expected that by 2015, achieve 30 platform registered enterprises, to provide financing services for 3 years, thousands of small and medium enterprises, financing amounted to 70 billion yuan. The key is to help network financing services, expand the background service, for more financial institutions integrated into financing service platform.
In addition, the establishment of the construction of credit guarantee system, expand direct financing channels, focus on helping and support 1000 small and medium-sized enterprises, promote the integration of industrial and financial capital.
Find a small method to provide relevant knowledge: what is the financial criteria?
Under the environment of market competition and changes in the financial market, the need for corporate financing decisions and capital structure management in accordance with its own business strategy and competition strategy, from sustainable development and equity long-term capital appreciation angle to consider.
The basic criteria: product financing cash outflow term structure requirements and statutory responsibility must and enterprise expected cash flow risk matching; balance the current financing and subsequent sustainable development financing needs, maintenance reasonable credit level, maintain financial flexibility and sustainable financing capacity; under the precondition of satisfying the above two conditions, as far as possible to reduce the cost of financing.
Different financing tools, cash outflow term structure requirements and legal liability is different, the business of financial flexibility, financial risk, investment financing constraints and the cost of capital is different.
For example, to the enterprise, compared with equity capital and debt capital has three main features:
First, capital debt servicing cash outflow of term structure for fixed and clear legal responsibility clear. Therefore, its lack of elastic; secondly, debt capital fixed income, creditors cannot share investment enterprises on investment opportunities in the higher risk of excess returns;
Again, the debt interest deductibility, in the accounting book profits under the conditions, can reduce the tax. Although financing decisions and capital structure management of the basic principles of all enterprises are consistent, but in practice, due to the different product market competition structure, the growth stage of enterprise, business strategy and competitive strategy, enterprise financing and capital structure differences exist
If you want to learn more about the financing of small and medium-sized enterprise knowledge, editorial recommendation:
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