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[Press Release] We will establish "Foundation Funds" (special not required by management guarantee)
Last Updated March 22, 2023
Press release materials
March 22, 2023
Economic Affairs Bureau Finance Division
Yosuke Kondo
Phone number: 045-671-2586
Fax: 045-664-4867
Yokohama City has established a new financing system called "Founding Oen Fund (Special Management Guarantee No Special)" that eliminates the need for personal guarantees (management guarantee) of managers, which is one of the impediments to start a business, and will start handling on April 3, 2023.
In addition, the Yokohama City and the Yokohama City Credit Guarantee Association will subsidize the credit guarantee fee when borrowing this loan is up to the full amount, and support the establishment of the business from the financial side.
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