Sacheon-si Provides 4 Billion KRW Loan and Support for Small Business Development Funds
Application for Businesses with Fewer Than 5 Regular Employees Starts February 3
Mining, Manufacturing, Construction, and Transportation Industries Eligible with Fewer Than 10 Employees
[Asia Economy Yeongnam Reporting Headquarters Reporter Son Tae-seok] Sacheon City, Gyeongnam Province announced on the 21st that it will provide 4 billion KRW in loans and support funds to small business owners facing management difficulties.
Businesses with fewer than 5 regular employees located in the city (for mining, manufacturing, construction, and transportation industries, fewer than 10 regular employees) can apply for a loan by obtaining a credit guarantee certificate at the Gyeongnam Credit Guarantee Foundation Sacheon Branch with their ID and business registration certificate, and then applying for a loan at NH Nonghyup Bank (Sacheon, Samcheonpo) or BNK Gyeongnam Bank (Sacheon, Samcheonpo).
The application period is from February 3 until funds are exhausted. Interest support of 2.5% per year is provided within the limits of 50 million KRW for startup funds and 20 million KRW for business stabilization funds.
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For more details, check the small business promotion fund interest subsidy support plan in the notices section on the city’s official website. You can also inquire about loan details at the city’s Regional Economy Division or the Gyeongnam Credit Guarantee Foundation Sacheon Branch.
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