As an important way of financing in China, the position of private financing has been more and more important. But, the private financing also faced a lot of problems in the process of development. This article gives a briefly introduction of private financing, tells about present situation of private financing with focuses on lending to those small and medium-sized enterprises. On this basis, the paper discusses some new trends in the development of private financing and put forward some countermeasures to normalize the development of private financing.