The prioritization of financial infrastructure construction serves as a crucial guarantee for the high-quality development of small and micro enterprises. However, resolving the financing challenges of small and micro enterprises is not a task to be accomplished overnight. It necessitates the establishment of a long-term mechanism, the acceleration of financial innovation, the gradual enhancement of the vitality of micro-entities, and the creation of a stable and healthy economic development environment. Therefore, the author first analyzes the current financing situation of small and micro enterprises, as well as the problems they face during the process of financial innovation enabling small and micro enterprises to access financing and solve their financing difficulties, such as insufficient technical support, an imperfect risk control system, incomplete information disclosure, and a lack of credit data. Subsequently, targeted paths for financial innovation are proposed, aiming to offer suggestions for solving the financing problems of small and micro enterprises.