[Application Closed] COVID-19 Special Fund Loan Facilitation System

Due to the impact of COVID-19, we will start a new loan facilitation system specifically for COVID-19, aimed at stabilizing management and ensuring the continuity of businesses by facilitating loans necessary for business operations to small and medium-sized enterprises in the city that are experiencing a decrease in sales.
Note: This is separate from the small business financing loan facilitation system.

Overview

Eligible Individuals

1. Meeting the basic requirements of the Inagi City Small Business Financing Assistance System.
2. Sales and other figures for the last three months have decreased compared to the same period last year or the year before.

Loan Limit

10 million yen

Loan Period

Within 7 years (including a grace period of up to 12 months)

Interest Rate

Annual interest rate 1.475%

Note: The city will provide interest subsidies as described below.

• From the 1st month to the 12th month = Annual 1.475% (No user burden)
• From the 13th month to the 36th month = 1.375% per year (User burden 0.1%)
• From the 37th month until full repayment = Annual 1.253% (User burden 0.222%)

Subsidy for Credit Guarantee Fees

Fully subsidized by the city, effectively free

Application Acceptance Deadline (Note: Acceptance has ended)

There is no specific application deadline, but it is a condition that you can receive the loan by March 31, 2022 (Thursday).
Since there will be a review by financial institutions and credit guarantee associations before the loan, please apply with plenty of time to spare.
Please note that the reception may be suspended when the budgeted amount is reached.

• Inagi City Small and Medium Enterprise Financing (COVID-19 Response Special Funds) Brochure (PDF 1.3MB)