The credit community financing for SMES has achieved certain results in resolving the financing difficulties of SMES. In addition, the inherent nature of inclusive finance to strengthen information resource sharing and promote the efficiency of financing can further alleviate the financing risks. However, its deep-seated contradictions had continued to emerge in the absence of corresponding legal guarantees, seriously restricting the development of credit community financing for SMES. It is necessary to improve the inclusive finance and SMES policy and legal system, establish relevant credit rating systems, improve the internal governance structure of the community organization, and establish a multi-party coordinated supervision mechanism to ensure the high-quality development of credit community financing for SMES.