Some small business entities encounter difficulties when attempting to apply for loans because they lack financial statements (or 401 reports). To help such entities get through the COVID-19 crisis, the FSC has brought together banks, the Small and Medium Enterprise Administration, Ministry of Economic Affairs (MOEA), the Small and Medium Enterprise Credit Guarantee Fund of Taiwan, and the BAROC in a collaborative effort to devise a simplified loan approval score sheet to replace the financial reports and 401 reporting form. This simplified loan approval score sheet was recognized by the Central Bank on 16 April 2020 and by the Executive Yuan on 18 April.

Furthermore, in order to help newly established firms take advantage of the streamlining of small business entity loan applications, the Executive Yuan on 30 April invited the FSC, the Central Bank, and the MOEA to discuss the matter, and the participants adopted a proposal to lower the minimum required score on the simplified loan approval score sheet. Under this system, newly established firms with no history of bad credit and no established business relationship with any bank that wish to stay in business can use the new loan approval scoring standard to obtain bank loans even if they have no real estate to pledge as collateral.