Due to their poor conditions and the high loan threshold of banks, small and medium-sized enterprises are faced with the problem of difficult and expensive financing. With the rapid development of Internet finance, small and medium-sized enterprises can use Internet finance to obtain higher transparency, higher participation, and lower intermediate costs. It provides a certain reference for the development of SME financing model in the future. It further diversifies the financing channels of SMEs and facilitates the financing process, and finally puts forward countermeasures and suggestions based on the problems that may arise in the process of Internet financing.