表内融资是指企业通过非公开发行或自有资金的方式进行融资。相比于其他形式的融资，表内融资具有成本低的特点。这篇文章将探讨为什么表内融资成本较低，并分析其中的原因。

首先，表内融资可以减少融资成本的一个重要原因是不需要支付高额的中介费用。在一些传统的融资方式中，例如发行债券或上市融资，企业需要支付大量的中介费用，包括承销费、律师费、会计师费等。而表内融资通常是直接从企业内部筹集资金，不需要通过中介机构，因此这些费用可以大幅度减少甚至省去，从而降低了融资成本。

Firstly, one important reason why on-balance-sheet financing has lower costs is that it does not require paying high intermediary fees. In some traditional forms of financing, such as issuing bonds or going public, companies need to pay significant intermediary fees, including underwriting fees, legal fees, accounting fees, and so on. On the other hand, on-balance-sheet financing usually involves raising funds directly from within the company, without the need for intermediaries. As a result, these costs can be substantially reduced or even eliminated, thereby lowering the financing costs.

其次，表内融资的成本较低还得益于其灵活性。在融资过程中，企业可以根据自身的需要和条件来决定融资规模和方式。由于表内融资不受市场条件和投资者偏好的限制，企业可以更加自主地进行资金的调配和配置，从而降低了融资成本。

Secondly, on-balance-sheet financing has lower costs due to its flexibility. During the financing process, companies can determine the scale and method of financing based on their own needs and conditions. Since on-balance-sheet financing is not constrained by market conditions and investor preferences, companies can have more autonomy in allocating and deploying funds, thereby reducing financing costs.

此外，表内融资还可以减少信息披露的要求，进一步降低成本。在一些形式的融资中，如上市融资，企业需要按照相关法规披露大量的财务信息和经营状况，这需要耗费大量的人力、物力和财力。相比之下，表内融资在信息披露方面要求较少，企业可以更加便捷地进行融资，避免了这方面的开支和工作量。

Moreover, on-balance-sheet financing can reduce the requirements for information disclosure, further lowering costs. In some forms of financing, such as going public, companies are required to disclose a significant amount of financial information and operating conditions in accordance with relevant regulations, which involves substantial human, material, and financial resources. In contrast, on-balance-sheet financing requires less information disclosure, allowing companies to raise funds more conveniently and avoiding expenses and workload associated with this aspect.

综上所述，表内融资成本低的原因主要包括减少中介费用、灵活性和减少信息披露。然而，我们也应该认识到表内融资也存在一些局限性，例如规模有限、融资周期长等。因此，在选择融资方式时，企业需要根据自身实际情况综合考虑各种因素，以找到最适合自己的融资方式。

In conclusion, the reasons for the low cost of on-balance-sheet financing mainly include reduced intermediary fees, flexibility, and reduced information disclosure. However, we should also acknowledge that on-balance-sheet financing has limitations, such as limited scale and long financing cycles. Therefore, when choosing financing methods, companies need to consider various factors based on their own circumstances in order to find the most suitable financing method.