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  5. Measure for Supporting SMEs Affected by Novel Coronavirus Disease to be Taken

Measure for Supporting SMEs Affected by Novel Coronavirus Disease to be Taken

(Additional designation of industries as those subject to No.5 Safety Nets for Financing Guarantee)

April 8, 2020

As a result of the occurrence of the novel coronavirus disease, SMEs have been facing worse business conditions as the industries that they belong to have been affected by the novel coronavirus disease. In light of this, the Ministry of Economy, Trade and Industry (METI) decided to additionally designate certain industries as those subject to “No.5 Safety Nets for Financing Guarantee” as a measure for providing financing support to SMEs affected by the disease. This measure will allow SMEs in the designated industries to access a guarantee under a framework that is separate from a general financing guarantee.

METI will additionally designate 151 industries which have been affected by the novel coronavirus disease as those subject to No.5 Safety Nets for Financing Guarantee.

*Note: “No.5 Safety Nets for Financing Guarantee” aims to support financing of SMEs and small enterprises whose sales and other sources of revenue are declining. In this system, Credit Guarantee Corporations will guarantee 80% of the loan amount for such SMEs under a framework that is separate from a general financing guarantee (see Appendix 1).

Number of additionally designated industries: 151
These 151 industries include convenience stores, interpreter and guide-interpreter services, worker dispatching services, etc.
For details, see Appendix 2.

Note: For the industries currently designated as those subject to No.5 Safety Nets for Financing Guarantee, see Appendix 3 (Industries designated as those subject to No.5 Safety Nets for Financing Guarantee from April 1, 2020, to June 30, 2020).

On April 10, 2020, METI will release a public notice on this additional designation of the industries in the official gazette. Prior to this, on April 8, 2020, Credit Guarantee Corporations will open preparatory consultation counters for businesses to explain the No.5 Safety Nets for Financing Guarantee system. For information on the contact offices for the Credit Guarantee Corporations, visit the following link.

If you wish to make use of No.5 Safety Nets for Financing Guarantee, your decline in profits or other sources of revenue need to be certified by the head of your municipality. Please contact your local municipal offices.

For more information on this press release, contact the SME Financial Consultation Counter or a nearby Regional Bureau of Economy, Trade and Industry.

Contact counter Telephone number
SME Financial Consultation Counter 03-3501-1544
Regional Bureau of Economy, Trade and Industry  
Small and Medium Enterprise Division, Hokkaido Bureaus of Economy, Trade and Industry 011-709-3140
Small and Medium Enterprise Division, Tohoku Bureaus of Economy, Trade and Industry 022-221-4922
Small and Medium Enterprise Financing Division, Kanto Bureaus of Economy, Trade and Industry 048-600-0425
Small and Medium Enterprises Division, Chubu Bureaus of Economy, Trade and Industry 052-951-2748
Small and Medium Enterprise Division, Kinki Bureaus of Economy, Trade and Industry 06-6966-6023
Small and Medium Enterprise Division, Chugoku Bureaus of Economy, Trade and Industry 082-224-5661
Small and Medium Enterprise Division, Shikoku Bureaus of Economy, Trade and Industry 087-811-8529
Financing Office, Small and Medium Enterprise Division, Kyushu Bureaus of Economy, Trade and Industry 092-482-5448
Small and Medium Enterprise Division, Okinawa Bureaus of Economy, Trade and Industry 098-866-1755

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SME Financial Consultation Counter, Small and Medium Enterprise Agency