Preparing to apply for a public start-up loan: general examples of the necessary documents (from the Japan Finance Corporation's guidance)What preparation do you need when borrowing money?
The Japan Finance Corporation explains the application procedure and necessary documents for those planning to start a business and those who have only recently started one. The documents required change with the application method (internet or post) and the type of loan. Following the guidance the Corporation publishes, this article sets out general examples of documents to prepare. The result of the assessment is decided by the applicant's circumstances, and the Corporation may not be able to meet the applicant's wishes.
- ○Applies: Start-up plan (if planning to start or just started)
- ○Applies: Quotation for equipment (for equipment funds)
- ○Applies: Copy of the passbook of the receiving account
- ○Applies: The latest set of final tax return documents (if filed)
- ○Applies: Identity verification documents and license or permit (for businesses that need them)
Key points
- Those planning to start a business or who have only recently started submit a business start-up plan. The form can be downloaded from the Corporation's website. When a start-up plan is submitted, the company outline sheet is said to be unnecessary
- When applying for equipment funds, a quotation for the equipment is needed
- A copy of the passbook of the account to receive the money (the cover and the first spread page) and the like is needed. It is said to be unnecessary when the money is sent to an account already used as the repayment account
- If you have started the business and already filed a final tax return, prepare the latest set of final tax return documents (including the blue-form return financial statement for blue-form filers). It is said to be unnecessary before the first return is filed
- Identity verification documents (copies of a driver's license, My Number card, passport and the like) are needed. For businesses requiring a license or permit, such as restaurants, the license or permit is also requested
What to do in practice
- On the Corporation's website, check the application methods (internet or post) and the latest list of necessary documents
- Use the free tools "Financial indicator check for financial statements" and "Estimate of the amount you can borrow" to check your company's financial position and the outlook for repayment
- When writing the start-up plan, line up the basis of the numbers (expected sales, and costs such as rent and purchases)
When you start a new job, there is a way to borrow money from a government financial institution. When you borrow, you hand in a document explaining "what work you will do and how you will repay", a document confirming you are who you say you are, and so on. Whether you can borrow is decided by a check called an assessment. The documents to prepare change with the way of applying and the type of loan, so before you apply, check on the official website.
- 1. PrepareGather the plan, the identity documents and so on
- 2. ApplyApply by internet or post
- 3. AssessmentHave it checked whether it is all right to lend
Points
- Hand in a "plan" that says what work you will do and how you will repay
- You need a document confirming who you are, a document for the account that will receive the money, and so on
- Whether you can borrow is decided by the assessment, so you will not always be able to borrow
What the words mean
- Business start-up plan
- A document that sums up the content of the work you are about to begin and the outlook for the money
- Assessment (shinsa)
- The lender checking whether it is all right to lend
- Quotation
- A document in which the price of what you will buy is written out in advance
- Japan Finance Corporation: Japan Finance Corporation, For those planning to start a business (procedures for use)
- Japan Finance Corporation: Japan Finance Corporation, Internet application (business funds)
This article summarizes and explains materials published by government agencies and is not advice on any individual case. Rules can change, so for actual procedures and decisions always check the latest original materials and consult professionals such as tax accountants or labor and social security attorneys. English, Simplified Chinese and Traditional Chinese versions are translations prepared from the Japanese articles for convenience. If anything differs, the Japanese text and the original source take precedence.