Shortage of funds and financing difficulties are mainly manifested in the blocked financing channels, high financing costs, high risks and relatively poor credit rating, which make it difficult for SMEs to obtain financing. Secondly, due to the impact of changes in the macroeconomic environment and the system, SMEs have encountered obstacles in strengthening financial management.
2.1 Difficulties in financing and insufficient working capital have made financial management a dead end.
At present, my country's private enterprises have initially established a relatively independent financing system with multiple channels. However, difficulties in financing and guarantee are still the most prominent problems restricting the development of private enterprises. The main problems are: First, excessive debt, high financing costs, and high risks have resulted in low hong kong phone number credit ratings and relatively poor credit of private enterprises. Second, most private enterprises are not large enterprises, and some banks are not enthusiastic about lending to them due to traditional concepts and administrative intervention. Third, intermediary institutions are not sound, and there is a lack of financial intermediaries and loan guarantee institutions that specialize in providing loan services to private enterprises.