The choice of financing channels plays an important role in risk prevention and sustainable development for the small and micro-enterprises. In this paper, based on the survey data of 115 small and micro- enterprises in Hunan province, we used the Logit model to conduct regression analysis for the factors influencing the choice of the small and micro-enterprises financing channels. The results showed that finn size, business operation life, status of profit and loss and the business manager's degree of education had significantly positive impa...