The government has decided to extend the system of providing virtually interest-free and unsecured loans to small and medium-sized enterprises whose sales have fallen due to the effects of the new coronavirus through private financial institutions until March next year.
In order to support the financing of small and medium-sized enterprises whose sales have fallen due to the effects of the new coronavirus, the government has established a system to provide loans with virtually no interest or collateral through private or government-affiliated financial institutions.
Of these, loans were accepted through private financial institutions until this month, but the government plans to extend it until the end of March next year to meet the demand for funds at the end of the fiscal year, and then establish a new loan system. ..
Under the new lending system, interest rates will be left to financial institutions and will no longer be interest-free.
We will maintain a system in which the government guarantees up to 40 million yen in case of repayment, but we will consider charging a guarantee fee.
On the other hand, financial institutions will support the formulation of future business plans, such as consolidating unprofitable businesses, and we would like to lead to the sustainable growth of the company through the new loan system.