There is a growing movement to digitize necessary documents so that small and medium-sized enterprises with tight cash flow due to the influence of the new coronavirus can obtain loans promptly.
The Tokyo Credit Guarantee Association, which guarantees the borrowing of small and medium-sized enterprises, is proceeding with efforts to digitize necessary documents for companies with tight cash flow due to the influence of the new coronavirus.
Specifically, we have digitized the "guarantee", which is indispensable for companies to receive virtually interest-free and unsecured loans, and made it possible to perform from application to issuance on the Internet.
In the case of paper procedures, it took about two days from application to mailing of the warranty card, but if it is digitized, it can be shortened to about 15 minutes at the shortest.
The target area is still limited to a part of Tokyo, but Masafumi Amano, director of the Tokyo Credit Guarantee Association, said, "As the infection of the new coronavirus spreads again, the necessary funds for small and medium-sized enterprises in need will be distributed quickly. I want to further digitize the warranty card. "
Similar efforts have already been introduced by credit guarantee associations in Toyama and Chiba prefectures, and there is a growing movement to digitize necessary documents in order to promptly support corporate cash flow.