Gwangju Buk-gu Provides Facility Improvement Loan Support for Food Sanitation Businesses

[Asia Economy Honam Reporting Headquarters Reporter Kim Yukbong] Buk-gu, Gwangju Metropolitan City (District Mayor Moon In) announced on the 29th that starting next month, it will implement the ‘2020 Food Promotion Fund Loan Project’ for business operators who wish to modernize or renovate their food hygiene facilities.

This project is conducted to alleviate the economic burden on small business operators who want to improve hygiene management facilities or equipment through low-interest loans using the Gwangju Food Promotion Fund.

The loan targets are business operators who have registered food hygiene businesses in Buk-gu and are currently operating, including ▲businesses that need to improve hygiene management and facility equipment ▲businesses designated or seeking designation as excellent sellers of children’s favorite foods or excellent sellers ▲businesses certified or preparing for certification under the Food Safety Management Certification Standards.

The selection of loan businesses will prioritize ▲small-scale businesses under 100㎡ ▲businesses preparing for Food Safety Management Certification Standards (HACCP) ▲businesses participating in the restaurant hygiene rating system ▲model restaurants, after on-site inspections and eligibility reviews by the Buk-gu Food Promotion Fund Operation Review Committee.

The types and limits of loans are from 10 million KRW to 300 million KRW for facility improvement funds such as business sites, kitchens, and restrooms, and up to 10 million KRW for fostering funds for the operation, management, and facility improvement of model businesses.

The interest rate is applied at 1-2% per annum, with loans under 50 million KRW repaid in installments over 3 years after a 1-year grace period, and loans over 50 million KRW repaid in installments over 5 years after a 1-year grace period.

Moon In, Mayor of Buk-gu, said, “I hope this loan project will be of some help to residents engaged in food hygiene businesses,” and added, “We will continue to prepare various support measures to improve food hygiene and service levels.”

This content was produced with the assistance of AI translation services.