When can small and medium-sized enterprises no longer be short of money
financing for small and medium-sized enterprises is a "chronic problem", and the implementation of tight monetary policy this year may make small and medium-sized enterprises more "injured"
"enterprises are always short of money"
"money is not easy to borrow, cash flow is always small, and enterprises are always short of money." Said wumingpeng, deputy general manager of Shandong Hengye metal products Co., Ltd
due to the small scale, low management level, weak ability to resist risks and other problems of small and medium-sized enterprises, as well as the frequent evasion of bank debts, banks always pay more attention to granting loans to small and medium-sized enterprises
in November, 2007, the special survey conducted by Standard Chartered Bank and the Chinese Academy of Social Sciences, including the S60, S90, V60, V90 and XC60 models that have not yet been launched, showed that 90% of small and medium-sized enterprises are facing financing difficulties, and the lack of financing knowledge and credit foundation is the main reason for the financing difficulties of small and medium-sized enterprises in the mainland
according to the investigation of Standard Chartered Bank, SMEs lack the necessary financing knowledge and know little about the loan approval procedures. Nearly 97% of small and medium-sized enterprises failed to apply for bank loans because they could not submit effective asset mortgages or qualified guarantors
yujianjun, general manager of Shanghai jietu Software Technology Co., Ltd., said, "bank loans are relatively strict and mortgage is required in many cases, but it companies lack assets that can be used as collateral."
many large venture capital funds operate very strictly and rigorously. After all, there are a few enterprises that can attract the interest of large venture capital funds. Many "missing" small and medium-sized enterprises also have growth potential. At this time, angel investors who can see the Pearl are needed
angel investors, like its name, are individual investors who can help small and medium-sized enterprises. According to the estimate of the US Small Business Administration (SBA), there are about 250000 angel investors in the United States, financing 30000 small businesses every year
however, the venture capitalists interviewed in ace net said without exception that they only provided financing for 1% to 4% of the financing plans submitted, and almost did not provide financing for enterprises not recommended by angel investors
venture capital funds and angel investors also pay more attention to the industry. "Venture capital and angel investors don't like us. The enterprises they like need to have selling points, such as accurate stress control animation, networking or it." Wumingpeng said
the "fate" with the capital market has not yet arrived.
most small and medium-sized enterprises have "no fate" with the capital market. Because the new indicators of environmental protection and energy conservation have raised the threshold for the paper industry, both stock market financing and bond market financing have set many thresholds for relevant enterprises. Only after the assets and profits reach a certain scale, can most small and medium-sized enterprises "jump off the dragon's gate"
for example, when an enterprise issues short-term financing bonds, it is required to have a stable source of repayment funds, make profits in the latest fiscal year, and pass the credit rating of rating agencies. Among the 216 enterprises that issued short-term financing bonds in 2007, only 20 were private enterprises, collective enterprises and Sino foreign joint ventures, accounting for 9.26%
investors' demands for returns and enterprise growth also cause psychological burden on small and medium-sized enterprises. Zhangxuegui, executive director of micro cress (Beijing) Technology Co., Ltd., said: "the capital market is a double-edged sword. If the company's operation foundation is not solid enough to give continuous returns and growth to public shareholders for a long time, the capital market may underestimate the value of the enterprise. At the same time, the bad image in the capital market will in turn bring negative pressure on the company's actual operation."
however, the upcoming launch of the growth enterprise market has brought a ray of light to small and medium-sized enterprises. Recently, shangfulin, chairman of the China Securities Regulatory Commission, said that he would strive to launch the gem in the first half of the year