As the effects of the new coronavirus continue to prolong, regional banks are expanding their efforts to support the business continuity of local businesses by establishing new lending frameworks with government-affiliated financial institutions.
Of these, Kiraboshi Bank, which has a business base in the Tokyo metropolitan area, co-financed with the Japan Finance Corporation to a local food manufacturer whose sales are declining.
The Kiraboshi Bank lent out 55 million yen, and the Japan Finance Corporation also provided 96 million yen with a "subordinated loan" with a repayment period of 10 years, which can be regarded as part of the capital.
Banks and JFC will also cooperate in formulating corporate management plans under a new financing framework aimed at securing working capital and improving the financial base.
Yasunobu Fukuyama, president of Ishimoto Food Industry Co., Ltd., a food maker, said, "It was very helpful to receive a loan with a long repayment period as the business continued to run."
As the effects of the new coronavirus continue for a long time, regional banks are expanding their efforts to collaborate with the Japan Finance Corporation to support business continuity of companies, and so far, there are 15 banks nationwide. is.
Mr. Tsune Nakajima, General Manager of Kiraboshi Bank Kamiitabashi Branch, said, "We would like to combine our loan with the system unique to Japan Finance Corporation to support our business partners and stabilize the cash flow of companies." I will.