Ministry of Economy, Trade and Industry
Font Size Change
S
M
L

Small and Medium Enterprise AgencySMEA Strengthens Financial Support for SMEs and Micro Businesses- Operation of systems starts in part on February 22, 2016 -

The Small and Medium Enterprise Agency (SMEA) has expanded and established loan programs and guarantee systems under the FY 2015 supplementary budget, which was enacted on January 20, 2016, and will take all possible measures for financial support for SMEs and micro businesses.

1. Financial support from the Japan Finance Corporation

The SMEA will expand and establish loan programs conducted by the Japan Finance Corporation (JFC), for the purpose of financial support for SMEs that are making positive efforts, including contributions to regional revitalization through job security and other improvements in local areas, childcare and nursing care businesses to reduce the number of people who are on childcare waiting lists and the number of people who leave their jobs to take care of their families to zero, new overseas expansion due to the Trans-Pacific Partnership (TPP) Agreement and other agreements, investment to capture demand from foreign tourists visiting Japan, and smooth business succession.

1) Establishment of the Special Lending Rate System for Building up Towns, People, and Jobs

  • Concerning business operators who conduct business in accordance with the basic objectives of the Comprehensive Strategy for Overcoming Population Decline and Vitalizing Local Economy in Japan, the interest rates stipulated in each loan program are to be lowered by 0.1%.

2) Expansion of funds for supporting social businesses

  • Interest rates for childcare and nursing care service providers are to be lowered by 0.9% regardless of their business history. In addition, the upper lending limit for such loans will be independent from that of other systems.

3) Expansion of funds for restructuring businesses expanding overseas

  • Interest rates for business operators who start to conduct the improvement of overseas sales or the outsourcing of production overseas (including business operators who have been conducting such business for five years or less) are to be lowered by 0.4%.

4) Expansion of funds for strengthening dynamism of enterprises

  • Concerning funds necessary for capturing demand from foreign tourists visiting Japan, interest rates for business operators who have obtained authorization for opening tax-free shops (including business operators expected to obtain such authorization) are to be lowered by 0.65%.

5) Expansion of funds for supporting succession in, consolidation of, and vitalization of businesses

  • Interest rates for business operators who inherit businesses from micro businesses are to be lowered by 0.65%.

As for the above support, the operation of these systems started on February 22 (Mon.), 2016.

2. Financial support from Credit Guarantee Corporations (establishment of the System for Providing Guarantees for Refinancing by Changing and Improving Conditions)

Concerning SME operators who have difficulty obtaining positive financial support due to the easing of conditions for repayment for past loans with guarantees in spite of the managers’ desires to improve business, the burden of monthly payments will be mitigated by integrating multiple debts. Additionally, the SMEA will establish the System for Providing Guarantees for Refinancing by Changing and Improving Conditions, which will enable the JFC to lend additional funds for new businesses.

Operation of the System for Providing Guarantees for Refinancing by Changing and Improving Conditions will start on March 1 (Tue.), 2016.

For details, see the Japanese language press release.

Release date

February 22, 2016

Division in charge

Finance Division, Business Environment Department, SMEA

Ministry of Economy, Trade and Industry
1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
Copyright Ministry of Economy, Trade and Industry. All Rights Reserved.