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融资难一直是制约我国中小企业发展的瓶颈。大多数中小企业处于创业或发展时期而亟需资金,除了股东投入的少量原始资本以及经营过程中形成的自然负债外,自身经营积累的资本十分微弱,内源融资极其有限。外源融资中股票市场的门槛较高,绝大多数中小企业不具备上市资格,因此,其外源融资更多地依赖于银行贷款,但有关资料表明中小企业贷款申请遭拒率高达56%。造成我国中小企业信贷融资路径梗阻的原因是多方面的,但最根本的原因是资金供求双方信息不对称。
Financing difficulties have always been the bottleneck restricting the development of SMEs in our country. Most small and medium-sized enterprises are in urgent need of funds during their start-up or development. Except for a small amount of original capital invested by shareholders and natural liabilities formed during the operation, their accumulated capital is very weak and their internal financing is extremely limited. Therefore, the external financing depends more on bank loans, but the information shows that the application rate of small and medium-sized enterprises is as high as 56%. There are many reasons for the obstruction caused by the credit financing of SMEs in our country. However, the most fundamental reason is that the information supply and demand sides of the fund are asymmetric.