Key Facts
Fukuoka Prefecture has announced the establishment of a special loan program to support small and medium-sized enterprises (SMEs) affected by U.S. tariff policies, commonly referred to as “Trump tariffs.” Governor Seitaro Hattori made the announcement during a press conference on April 22, stating, “As a unique measure by the prefecture, we will establish a special loan program to address the impact of U.S. tariffs.”
The program targets SMEs that have experienced or are expected to experience a sales decline of 5% or more due to the U.S. tariff policies. The loan system, set to launch on May 1, offers a maximum loan amount of 30 million yen per business, with a repayment period of up to 10 years. The funds are strictly limited to operational expenses.
Fukuoka Prefecture has also committed to promptly investigating the impact of tariff measures on local SMEs to ensure timely support. This initiative reflects the prefecture’s proactive approach to mitigating the economic challenges faced by businesses in the region.
For more details, visit the official article.
Fukuoka Prefecture has introduced a special loan program to assist small and medium-sized enterprises (SMEs) impacted by U.S. tariff policies, often referred to as “Trump tariffs.” Governor Seitaro Hattori announced the initiative on April 22, describing it as a unique measure by the prefecture to address the economic challenges posed by these tariffs.
The program is designed for SMEs that have experienced or are projected to experience a sales decline of 5% or more due to the tariffs. Starting May 1, eligible businesses can apply for loans of up to 30 million yen, with a maximum repayment period of 10 years. The funds are strictly allocated for operational expenses.
Additionally, Fukuoka Prefecture has committed to promptly investigating the effects of the tariff measures on local businesses to provide timely support. This initiative underscores the prefecture’s proactive approach to mitigating the financial strain on SMEs.
For further details, visit the official article.
