More than 62.1 percent of small and

More than 62.1 percent of small and micro enterprises have no access to any form of loans and rely solely on their own funds and retained earnings, according to the report on financing development of small and micro enterprises released at the 2013 annual meeting of the Boao Forum for Asia And of the remaining 37.9 percent of the enterprises that had access to loans, more than 80 percent had less than two loans in the last year, while only 3.7 percent had more than five loans. Further analysis shows that the loan status of smes is related to their business income and total assets, that is, the higher the business income and the larger the total assets, the greater the probability of obtaining loans. In addition, there is a significant positive correlation between the amount of loan and the total amount of business income and assets. From and can be known, the higher the business income enterprise, obtains the loan amount also to be bigger. For example, 57.1% of enterprises with business income between 20 million and 60 million received loans of more than 5 million yuan, far higher than those with lower business income. Similarly, the impact of total assets on the size of loans available to enterprises is also evident, with enterprises with assets of less than 3 million mostly receiving loans of less than 1 million. In addition, the scale of enterprise loans has a positive correlation with the number of years of operation. Among the enterprises that have been operating for 10 years or more, 29.6% of the enterprises with the scale of loans ranging from 1.01 million to 5 million yuan and 16.5% of the enterprises with the scale of loans ranging from 5 million yuan to more than 5 million yuan, than a company with a shorter life span.