保理业务在中小企业融资中的比较优势及制约因素

Comparative Advantages and Restricting Factors of Factoring in SME Financing

中小企业在经营过程中常常面临资金缺口的问题。中小企业由于信用记录不完善、没有抵押品、缺乏专业知识和资源来管理其贷款与应收账款业务,在贷款中存在风险较高、信息不透明的问题,因此更适合保理融资方式。与中小企业其他融资方式相比,保理的优势在于融资是基于应收账款质量而非借款人的信用状况,而且保理融资手续简单、节约成本、提供一揽子综合服务。保理行业的发展受到信息基础设施建设、商业法律体系及税收和监管体系的影响和制约。政府应当积极营造保理业务发展的外部环境,引导保理行业规范健康发展。

SMEs often face funding gaps in their business operations. Because of poor credit records, lack of collateral, lack of expertise and resources to manage their loans and receivables, SMEs usually have high risks and opaque information problems in their financing.So factoring is especially suited for SMEs.Compared with other SME financing technology, the advantage of factoring is that the financing is based on the quality of accounts receivable rather than the borrower＇s credit status. Moreover, factoring financing procedures are simple, cost-saving and provide a package of comprehensive services. The development of the factoring industry is affected and constrained by information infrastructures, the commercial legal system and the taxation and regulatory system. The government should actively create an external environment for the development of factoring and guide the factoring industry to grow legally and orderly.