As the effects of the new coronavirus are expected to prolong and the demand for funds from small and medium-sized enterprises is expected to increase further toward the end of the year, a meeting was held between the government and the National Federation of Credit Guarantee Associations, and the government side was at the site of financing. Requested detailed support.
The meeting held at the Ministry of Economy, Trade and Industry on the 9th was attended by the National Federation of Credit Guarantee Associations, Japan Finance Corporation, and the top executives of The Shoko Chukin Bank.
In this, Deputy Minister of Economy, Trade and Industry Ejima said, "Given the recent spread of infection, it is extremely important to provide financial support at the end of the year and at the end of the year. I would like to ask for a detailed and friendly response to the financial needs of businesses." Said.
He also called for efforts to digitize procedures to reduce the time it takes to apply for and execute a loan.
In response, financial institutions responded that they would like to continue to respond politely to corporate cash flow support, and to focus on business succession and management support.
The government has decided to extend the virtually interest-free and unsecured loan system for companies affected by the new corona virus until the first half of next year for government-affiliated companies and until March next year for private financial institutions. In cooperation with the Guarantee Association, etc., we will make every possible effort to support the financing at the end of the year.