In order to help small and medium-sized enterprises going through a troublesome enterprise surroundings as a result of results of the brand new coronavirus and excessive costs, the federal government held briefings for monetary establishments and known as on them to help their money move by using a system that ensures refinancing of loans. I used to be.
The Financial Services Agency, the Ministry of Finance, and the Small and Medium Enterprise Agency held a briefing session on the federal government’s help measures for small and medium-sized enterprises in Tokyo on the seventeenth, gathering associated events akin to monetary establishments and financial organizations.
One of the launched help measures is that earlier than the compensation of the so-called “zero-zero loan”, which is an interest-free and unsecured mortgage for small and medium-sized enterprises affected by the brand new corona, will likely be in full swing this summer time. This is a system that ensures new refinancing established in January.
As of December 2018, the quantity of loans beneath the “Zero Zero Loan” was roughly 43 trillion yen, however as of April 7, the precise use of the brand new assure system was solely 680 billion yen. is.
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