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Business succession fund (special manager guarantee unnecessary)

Last update date June 15, 2020

Target financing

[when we meet constant financing requirements, we do not need manager guarantee]
Next 1 or corporation which corresponds to 2 and corresponds to 3
Having business succession plan to carry out 1 business continuation within three years from this
That makes conduct (the point of January 1, 2020 - application), and does not pass by 2 business succession anymore in three years
Which meets all requirements to establish by third (1) - (4)
 (1) Being asset excess
 (2) EBITDA interest-bearing debt magnification being less than 10 times
 (3) Corporation and separation of manager being accomplished
 (4) There not being borrowed money which pays back, and is relieved

  ※It is necessary that there is credit business with application financial institution.
  ※It is object of "business succession special guarantor" of national general guarantor.
  ※(1) What (4) meets at the time of the latest financial statements in ... (3) in the day before for period (February 1, 2020) at application day or the beginning of crisis-related guarantee
   Need
  ※EBITDA interest-bearing debt magnification = (borrowed money, corporate bond - cash equivalent) ÷ (operating income + depreciation and amortization)

Purpose for funds

Financing eligible people 1
 From existing debt (we include detailer financing) with personal security before operating funds necessary for conduct of business succession plan and funds for equipment and business succession
 Refinancing fund
Financing eligible people 2
 Refinancing fund from existing debt (we include detailer financing) with personal security before business succession

Conditionality

Business succession fund (special manager guarantee unnecessary)
AccommodationsLess than 280 million yen
The rate of interest (annual interest)The predetermined rate of interest of the handling financial institution
Financing periodOperating funds less than ten years
Funds for equipment less than ten years
(including deferment less than 12 months)
SecurityWe put security as needed
Guarantee rate *

[when we receive confirmation by manager guarantee coordinator]
0.000-0.237% (we support accommodations 50 million yen 3/4 in the upper limit)
[when we do not receive confirmation by manager guarantee coordinator]
0.3375-1.4250% (we support accommodations 50 million yen 1/4 in the upper limit)
※Manager guarantee coordinator: Expert who is resident in the business succession network secretariat set up by each metropolis and districts
※When we receive confirmation by manager guarantee coordinator, by guarantee charges discount by association of Yokohama-shi credit guarantee, as for the substantial guarantee rate, it is about some people in 0.00%.

*Guarantee rate is burden rate after Motoichi supported guarantee charges.
As for the application documents, please see page of application documents, style.

Inquiry to this page

Economic Affairs Bureau medium and small-sized business Fisheries Promotion Department finance section

Telephone: 045-671-2592

Telephone: 045-671-2592

Fax: 045-664-4867

E-Mail address [email protected]

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