Last time, I gave a supplementary explanation about the difference between financing and investment. This time, let's consider the case where an entrepreneur dares not to use a start-up loan. As the name suggests, a start-up loan is a loan product that is specialized at the time of start-up, so I think that most businesses that start a business apply for it as the first loan. However, if you check the terms and conditions of the start-up loan in detail, it is not required to be the very first loan. The following is an excerpt of information on typical institutional loan users / target persons (as of October 2020) that can be applied for at the time of establishment.