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Low interest financing for troubled companies

Date Posted: 2001-10-25

The Okinawa Public Finance Corporation announced, Friday at the Prefectural Office that it would start giving out loans with low interest to companies and individuals affected by the current business down turn.

The loans would carry an interest rate of 0.9 percent per annum; the lowest rate ever offered for the general public. The financing will reportedly start on October 29 and will last for one year. The financing will be limited to small to medium size firms that have been affected by the recent bad trend in tourism, and that have positive prospects in the long term.

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