Analysis on Internet Financing Methods of Small and Medium-sized Enterprises in Xi'an

Abstract

In recent years, as the most dynamic group in the economic development, small and medium-sized enterprises in Xi'an have provided strong support for the sustainable growth of the city's economy. However, due to their own problems, such as opaque financial information, limited economic strength, lack of brand image, low credit level and high operational risks, SMEs have encountered various obstacles in financing with traditional financing methods and cannot obtain the required funds on time. Compared with traditional financing methods, internet finance has many advantages, which can solve the financing difficulties of SMEs and point out new directions for SMEs' financing. Keywords—Xi 'an; small and medium-sized enterprises(SMEs); internet finance; financing