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中小企业融资难的主要原因,一是它的企业规模小,信用不够,二是它的贷款额相对少,因而融资成本高。为此,人们创造性地发展了一种中小企业的“集合融资”模式。“集合融资”是指:若干家中小企业,通过股权或协议建立集团或联盟,通过合力来增进信用,降低融资成本,相互帮助以共同获取社会资金的一种融资方式。中小企业集合融资的方式主要是发行“中小企业集合债券”。债券是约定一定期限还本付息的债务融资工具,“中小企业集合债券”就是若干中小企业以集体的名义向社会发行的债券。它可以解决单个企业由于规模
The main reasons for the difficulty of SME financing, first, its small-scale enterprises, credit is not enough, and second, its relatively small amount of loans, and thus high financing costs. To this end, people have creatively developed a mode of “collective financing” for SMEs. “Set financing ” refers to: a number of small and medium enterprises, through equity or agreement to establish groups or alliances, through joint efforts to improve credit, reduce financing costs, help each other to jointly obtain social capital financing. The way for SME pool financing is mainly to issue “SME bond pooling”. Bonds are debt financing instruments that stipulate debt service for a fixed term. The “bonds for SME collection” is the bonds issued by SMEs to the community in the collective name. It can solve single business due to size