Note 2-6
- Japanese version
- English version
(6) When an SME receives a financial institution loan backed by accounts receivable, a regional credit guarantee association guarantees 90% of the loan amount. The Japan Small & Medium Enterprise Corporation gives reinsurance on the guarantee, covering 80% of guaranteed principal. Under this system, some 9,000 guarantees were approved by September 12, 2003, covering about ¥400 billion in such loans.