Study on the Financing Model for SMEs: Obtain Growth Target

摘要

SMEs have obvious stages in the process of growing up. There exist different features and characteristics of financing needs in the life cycle of enterprises. It has become focus for SMEs to find best financing models according to their internal conditions to obtain long-term targets. This paper conducts in-depth research on the relationship between growth stages and financing model for SMEs by analyzing the characteristics of their financing needs according to different growth stages. Recommendations are made for SMEs on choices of financing strategies.