In order to support small and medium-sized enterprises affected by the new coronavirus, so-called "zero-zero loans", which are virtually interest-free and unsecured, provided by government-affiliated financial institutions will end by the end of September.
Government-affiliated financial institutions such as the Shoko Chukin Bank have been supporting small and medium-sized enterprises that meet certain conditions, such as a decrease in sales due to the impact of the new corona, from March 2020 to provide substantially interest-free and unsecured loans. I was.
In April, it was decided that this loan would be extended until the end of September. It will end with the number of applications up to.
According to the Ministry of Economy, Trade and Industry, the total amount of real interest-free and unsecured loans by the Shoko Chukin Bank will reach 2.6 trillion yen by the end of June this year.
It has been pointed out that interest-free and unsecured so-called ``zero-zero loans'' can be borrowed easily and become excessive debt because companies can receive loans even if there is no prospect of improvement in profits.
On the other hand, the government will continue to support the financing of companies, such as the system of lending at low interest rates by the Japan Finance Corporation and others until the end of this fiscal year.