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Academic Journal of Business & Management, 2024, 6(11); doi: 10.25236/AJBM.2024.061127.

The Impact of Supply Chain Finance Innovation on the Financing Challenges of SMEs

Author(s)

Yuxuan Tang

Corresponding Author:
Yuxuan Tang
Affiliation(s)

Wuhan University of Technology, Wuhan, Hubei, China

Abstract

Small and medium-sized enterprises (SMEs) play an important role in economic development, but the long-standing issues of difficult and costly financing have limited their growth potential. Supply chain finance (SCF), as an effective financing tool, can alleviate the financing difficulties of SMEs by integrating information, resources, and credit along the supply chain. This paper begins with the concept of supply chain finance and its innovative forms, analyzes how supply chain finance helps SMEs solve financing difficulties, and discusses the challenges it faces and its future development directions.

Keywords

Supply Chain Finance, SMEs, Financing Difficulties, Financial Innovation

Cite This Paper

Yuxuan Tang. The Impact of Supply Chain Finance Innovation on the Financing Challenges of SMEs. Academic Journal of Business & Management (2024) Vol. 6, Issue 11: 186-191. https://doi.org/10.25236/AJBM.2024.061127.

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