General Regional Improvement Capital Loan Program (Furusato financing)
Interest-free loans provided by the prefecture or municipality for private business activities that contribute to regional development.
Expenses for the acquisition of facilities and other purposes.
Private business corporations (including 3rd sector entities)
- The business must be run from perspectives such as public benefit and reasonable business profitability.
- Business expenses toward which the loan is applicable: 250M yen or greater.
- New employees (10 or more [5 or more in municipalities])
Up to 45% of applicable expenses after subsidy deductions for eligible businesses.
(Upper limit: Prefectural loan: 6.75 billion yen, Municipal loan: 1.68 billion yen) (Upper limits have been raised for regions that were affected by the Great East Japan Earthquake. Effective until March 31, 2021.)
Loan period (repayment period)
No longer than 15 years (of which the program period is to be no longer than 5 years)
Repayment by equal principle semi-annual installments
Joint guarantee cosigned by a private financial institution and a guarantee fee are required.
Local Policy Planning Division, Planning and Coordination Department, Fukushima Prefectural Government