An unemployed middle-aged person or an unemployed elderly person who meets the following requirements and submits the relevant documents and information may apply to the financial institution for disbursement of the business start-up loan after the central competent authority approves his or her loan application.
1. He or she has been registered as the responsible person of the business with supporting facts that he or she has actually operated the said business;
2. He or she has not operated any other business at the same time;
3. He or she has participated in business start-up seminars sponsored by the government for at least 18 hours in the past three years;
4. The business has been established and registered for less than five years;
5. The number of employees of the business which he or she operates does not exceed five persons; and
6. The loan will be used only for purchasing or leasing plant, business premise, machine, equipment or used as working capital.
If the unemployed person in the preceding paragraph start a business with a person who is younger than 29 years old, the unemployed person shall submit the written business plan for the business operated actually by them jointly when applying to the financial institution for disbursement of the approved loan.
The joint entrepreneur may not be the unemployed person’s spouse, relative by blood within the third degree, spouse of the relative by blood within the second degree or relative by blood within the second degree of the unemployed person’s spouse or the spouse of the said relative.

The interest rate for the business start-up loan shall be the two-year fixed term deposit floating rate of Chunghwa Post Co., Ltd. plus 0.575% floating rate.

The maximum amount of the business start-up loan with interest and in Article 10 is Two Million New Taiwan Dollars (NTD2 Million). If the business is small-sized business which is exempted from registration as per Article 5 of the Business Registration Act and has taxation registration, the maximum loan with interest aid is Five Hundred Thousand New Taiwan Dollars (NTD500,000).
The interest on the loan for the first two years will be fully subsidized by the central competent authority.
If the borrower meets the requirements set forth in Paragraph Two of Article 10, the central competent authority will fully subsidize the interest on the loan for the first three years. From the fourth year onwards, the borrower shall pay the interest at 1.5% annual rate while the shortfall in interest will be subsidized by the central competent authority. However, in the event that the annual interest rate is lower than 1.5%, the borrower shall pay the interest in full.
The period of interest subsidy in the preceding paragraph shall not exceed seven years.

If the borrower has any of the following circumstances, the interest subsidy will be discontinued or no subsidy will be granted on the day when the circumstance arises. If the subsidies have already been paid, the lending financial institution shall claim the borrower to repay the subsidies and subsequently return the subsidies to the central competent authority:
1. The business operated by the borrower has been suspended or closed, or the responsible person of the business has changed; or
2. The borrower has failed to pay the principal and interest of the loan for six months.
In case of the circumstance prescribed in the subparagraph 2 of preceding paragraph and the borrower has paid the overdue principal and interest of the loan in full and on regular basis to make payments, the interest and may continue.

A person may not receive the business start-up loan set forth herein if the person has received similar interest aid for business start-up loan or subsides granted by the government for the same business start-up plan.