论文部分内容阅读
传统的银行贷款一般以债权方式提供短期融资,以补充企业流动资金或帮助企业提供应收账款。从借款人,尤其处于成长初期的小企业角度,有固定期限、可分期偿付,不附有“提前偿还要求权”(call or demand note)的长期融资则是更理想的选择,因为银行行使“提前偿还的要求权”时往往也正是借款企业最艰难的时期。美国联邦储备银行的一项研究表明,小企业往往很难通过传统的银行信贷渠道获得充分的融资支持,以实现其技术创新或业务发展。在美国,小企业融资有许多政府机构和私营部门参
Traditional bank loans generally provide short-term financing by way of debt, to supplement the liquidity of enterprises or to help enterprises to provide accounts receivable. Long-term financing with a fixed term, installments, and “call or demand note” is a better option for borrowers, especially small businesses in their infancy, because banks It is often the toughest time for borrowers to exercise their “early claims”. A study by the Federal Reserve Bank shows that it is often difficult for small businesses to obtain sufficient financing support through traditional bank credit channels to achieve their technological innovation or business development. In the United States, there are many government agencies and private sector participation in small business financing