TKC and JFC's 'TKC Fast Link' Loan Scheme: April Execution Amount Doubles Compared to March

The TKC National Federation (Chairman: Koji Sakamoto, Office: Shinjuku-ku, Tokyo, approx. 11,600 members), an organization of certified public accountants and tax accountants, and the Japan Finance Corporation (JFC) (President: Kazuo Tanaka, Head Office: Chiyoda-ku, Tokyo) have seen their collaborative loan scheme, 'TKC Fast Link,' launched on September 1, 2024, exceed 8 billion yen in cumulative loan execution in just 8 months.

Notably, the loan execution amount for April of this year doubled compared to March. The rising demand for funding due to deteriorating conditions in the Middle East is considered a contributing factor.

Furthermore, the number of loan decisions made using 'TKC Fast Link' exceeded 1,115 as of May 1. The scheme is highly regarded for its speed, with an average of only 2.5 business days from preliminary application to loan review results.

The increase in loan decisions is also attributed to the growing number of SMEs experiencing cash flow difficulties due to inflation caused by the recent deterioration of the situation in the Middle East.

TKC will continue to collaborate with JFC to promptly meet these capital demands arising from sudden changes in the business environment, thereby contributing to the business continuity of clients and the support of regional economies.

Comment from Masahiro Nagata, General Manager, Business Promotion Department, JFC

'Currently, uncertainty about the future is increasing due to the influence of the Middle Eastern situation. Even under these circumstances, we will further strengthen our collaboration with TKC members, including the provision of rapid liquidity via TKC Fast Link, to ensure that all clients can continue their business with peace of mind.'

About TKC Fast Link

When a TKC accounting firm introduces a client to JFC using TKC Fast Link, JFC provides the review result to the referring accounting firm within approximately 5 business days (within 7 business days for startups), whereas standard procedures usually take 2-3 weeks. This supports smooth cash flow for client companies.

After loan execution, financial statements are continuously submitted to JFC via the 'TKC Monitoring Information Service (MIS).'

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Background of TKC Fast Link

Credit risk analysis was conducted on MIS-using companies based on loan data received from JFC. The results showed that companies introduced by TKC members had significantly suppressed default rates and markedly lower credit risk. This is considered a result of TKC members supporting monthly accounting, thereby assisting in the profitability and sustainable development of client companies.

Following these results, 'TKC Fast Link' was launched last September.

About the 'TKC Monitoring Information Service'

Details here → https://www.tkc.jp/fx/bank/

(1) Financial Statement Provision Service Service where TKC members provide data such as financial statements and tax returns to financial institutions immediately after electronic tax filing, upon request from the client.

(2) Monthly Trial Balance Provision Service Service where TKC members provide monthly trial balance data to financial institutions after monthly closing, upon request from the client.