The success of a bid for Toshiba Corp. by a Japanese funding fund is hinging on monetary assist from banks, sources conversant in the state of affairs stated, with some lenders viewing loans as overly dangerous.

The funding fund, Japan Industrial Companions Inc., not too long ago introduced a proposal to take over the Japanese know-how conglomerate for about ¥2.2 billion, the sources stated. JIP has secured about ¥1 trillion from over 10 Japanese corporations, together with Chubu Electrical Energy Co. and leasing firm Orix Corp., to assist finance the bid, they added.