Abstract: With the purpose of accelerating small and medium-sized logistics enterprises(SMLEs)’working capital turnover and expense settlement，this paper proposes an innovative logistics financing model based on notes receivable management(NRF—LC Model)。and works out the framework and core processes，and analyzes the role of stakeholders in the system，and makes a comparison between NRF·LC and warehouse receipts financing．This paper is in an attempt to try business innovation in logistics financing and it provides a sensible solution to the integrative operation of logistics and financing service。which Call improve the stakeholders’profit effectively．