Izumi City, Osaka Prefecture: SME Business Loan Interest Subsidy Program
Summary
This program reduces interest burden for small and medium-sized enterprises (SMEs) in Izumi City when obtaining loans from financial institutions, aimed at revitalizing the local economy and stabilizing business management. Eligible applicants include SMEs with business offices in Izumi City (manufacturing: capital ≤300 million JPY or ≤300 employees; commerce/services: capital ≤50 million JPY or ≤100 employees). The city subsidizes a portion of interest paid on loans from financial institutions, effectively lowering the interest rate burden (specific subsidy rates and caps should be confirmed at application). Key requirements include ongoing business operations within Izumi City and loan approval from a financial institution. Since applications are made after loan execution, confirming program details before borrowing and consulting with the financial institution is essential.
