Yale School of Management

Posts by SME

Countries Continue to Adopt and Update Credit Guarantee Schemes for Small Business Lending

June 29, 2020
In response to the COVID-19 pandemic, many countries quickly announced credit guarantee schemes to support lending to small and medium-sized enterprises (SMEs). Under a credit guarantee scheme, the government fully or partially guarantees the value of a loan to an SME, which minimizes the risk to the lender, incentivizing the lender to provide credit. According to recent data from the World Bank, 41 countries have launched 57 credit guarantee schemes for SMEs this year.  Continue reading “Countries Continue to Adopt and Update Credit Guarantee Schemes for Small Business Lending”

Japan Begins Capital Injections for Financial Institutions in Response to COVID-19

June 19, 2020
On June 13, the Japanese Diet passed an amendment to the Act on Special Measures for Strengthening Financial Functions (ASFF) extending the period of government capital injection to financial institutions from March 31, 2022 to March 31, 2026 and expanding the available public funds for the injection from ¥12 trillion to ¥15 trillion.  Continue reading “Japan Begins Capital Injections for Financial Institutions in Response to COVID-19”

Small Business Administration Announces Updates to Small Business Support Programs

June 18, 2020
The Small Business Administration (SBA) and Treasury recently released guidance related to the Paycheck Protection Program (PPP) to clarify that they will forgive loans to employers that are unable to rehire or maintain employment levels. The agencies also released a simplified forgiveness application. Continue reading “Small Business Administration Announces Updates to Small Business Support Programs”