Small and medium-sized enterprises is an important part of China's national economy, but it faces many problems in the development process, one important problem is the financing difficulties, played a great role in the finance lease is to solve this problem.
Financial leasing refers to the lessor according to the lessee's request and provide the specifications, and the third party (Supplier) entered into a contract, according to the contract, the lessor according to the lessee in the scope of their interests related within the agreed terms have factories, capital goods or other equipment. Granting of the right to use the equipment in the condition of the tenant to pay the rent. There are many methods of machine equipment leasing, the most important method in direct financing, leasing, customer service and leaseback, leveraged lease etc..
The benefits of SME financing lease can be summed up in the following aspects:
(a) is conducive to accelerate technological innovation
Equipment backward, low level of technology is one of the key factors that restrict the development of small and medium enterprises. Facing great changes in the market, technological innovation has become an important choice for small and medium enterprises to gain a competitive advantage and achieve rapid development. The capital structure of small and medium-sized enterprises is low, aging equipment, technical level and low productivity of production, product quality and technical content is not high, the key problem is how to carry out the necessary technology, in conditions of limited funds, how to reasonably carry out equipment and technology innovation.
(two) is conducive to broaden the financing channels
The financing difficulty of small and medium enterprises has always been a serious problem hindering its development. Small and medium enterprises to finance leasing of machinery and equipment, is conducive to broaden the financing channels. The financing lease of equipment is an important way of financing of small and medium-sized enterprises, which belongs to the in vitro expression of debt financing, in the financial statements of the business, while the general loan is reflected in corporate debt, affect the company's assets. This is very important for small and medium enterprises. China should learn from international experience, vigorously develop the financing lease of machinery and equipment, so that the financing lease of machinery and equipment has become an effective way to solve the financing problem of small and medium enterprises.
(three) is conducive to the promotion of enterprise development
Distribution of four links from the production, consumption, exchange, lease financing, consumption and exchange connection link in these two areas to actively promote the role of capital goods circulation, accelerate the circulation and consumption of capital goods, to increase the pace of reproduction. The level of financial leasing of machinery and equipment represents the development level of the country's small and medium enterprises. An empirical study on South Korea and other 18 countries such as the international financial companies that are closely related to the development of small and medium-sized enterprises and leasing industry: general leasing industry is more developed, the rental market share is higher, while the small and medium-sized enterprise investment demand more brisk, private investment accounted for a higher proportion of GDP.
We have reason to believe that with the continuous development of the financial leasing industry and improvement of financial leasing companies will play an increasingly important role in the growth of small and medium-sized enterprises in the process, will better serve the small and medium-sized enterprises, boost economic development.