The present situation of financing difficulties for small and micro enterprises

In the economic development of 2 1 century, small and micro enterprises not only play an important role in social development, but also are an important driving force for economic development: increasing employment opportunities, stimulating enterprises to innovate and start businesses, and promoting economic development. However, it is urgent to solve the financing problem and the resulting health education development problem.

Financing status of small and micro enterprises

The development of small and micro enterprises is due to the small scale of social production and operation, flexible and fast sales, and the demand analysis of fund management is generally used to buy raw materials or through machinery and equipment, which often requires less funds. The development of small and micro enterprises mainly depends on their own internal accumulation.

The internal control system of some small and micro enterprises is imperfect (irregular financial accounting, imperfect financial statements, untrue data, high degree of internalization of enterprise information, a large number of non-economic information, difficulty in obtaining general channels, etc.). ), or even no internal control at all. Compared with large and medium-sized enterprises, information asymmetry and moral hazard in micro-enterprises are more serious. Because financial institutions can't identify the risk tolerance of enterprises, they can't supervise and inspect the loan work and actively support the capital operation of small and micro enterprises.

The most important external information channel for financing small and micro enterprises is bank loans. However, the relationship between banks and small and micro enterprises has been disharmonious. The use of working capital and fixed assets to supplement capital is mainly adopted by banks, but long-term credit is rarely provided. During 20 16-20 18, many enterprises, especially small and micro enterprises, began to complain about the harsh credit development conditions of banks. At this time, corporate credit showed negative growth, and micro-enterprises suffered the most. Generally speaking, small and micro enterprises are small in scale, lack of capital and technology, and are more traditional and resource-based. The main development characteristics of such companies and enterprises are low technical content, added value and unit price, high energy consumption and pollution; The growth management model has an imperfect structure and some unreasonable extensive models.

Source: Innovation and Practice of Science and Education, 202 1, No.2.