Abstract: With the purpose of accelerating small and medium2sized logistics enterprises’ working capital turnover and expense settlement , this paper proposes an innovative logistics financing model based on notes receivable management (NRF - LC Model) , works out the framework and core processes , analyses the role and function of stakeholders in the system and sets up the game theory model of financing to find the feasible region of settlement frequency in NRF - LC1 With joint optimization operation , the optimal settlement frequency can be made certain1 Furthermore , a compensating scheme for NRF - LC financing has been established based on Karldor Hicks Priciple1 This paper is an attempt of busi2 ness innovation in logistics financing and it provides a sensible solution for the integrative operation of logistics and fi2 nancing service , which can improve the stakeholders’ profit effectively