Support for SMEs, etc.Adjusted with a new interest-free and unsecured loan system March 10, 5:40
As a second emergency measure against the spread of the new coronavirus, the government will include a new lending system, which will be substantially interest-free and unsecured, to support small and medium-sized enterprises in raising cash. We are making final adjustments to expand the scale to 1.6 trillion yen.
The government will strengthen financing support for small and medium-sized businesses and sole proprietors, whose performance has been adversely affected by the spread of the infection.
Specifically, companies whose sales have decreased by more than 5% through the Japan Finance Corporation will be able to obtain loans at the 0% level for the next three years, and their sales will decrease by 15-20%. For companies with more severe business conditions, the government compensates for the amount of interest, so that it can be borrowed substantially without interest and unsecured.
In addition, the Credit Guarantee Association of each region will expand the system to guarantee 100% borrowings of small and medium enterprises.
For large companies, JBIC and the Development Bank of Japan support the financing of overseas business, and apply a special financing system called “crisis response financing” to provide immediate working capital. I'm going to.
The government has incorporated these measures into its second emergency response plan, which is to be summarized on the 10th, and is making adjustments to increase the amount of financing, etc. from the current 500 billion yen to approximately 1.6 trillion yen.