Jungjingong Promotes Facility Investment by Supporting Appraisal Fee Assistance

[Asia Economy Reporter Moon Hyewon] The Small and Medium Business Corporation (hereinafter referred to as SBC) announced on the 12th that it will partially support the costs of mortgage registration and appraisal fees for collateral acquisition for companies receiving direct facility fund loans among policy fund-supported companies this year.

Since 2018, SBC has been supporting the costs of mortgage registration for collateral acquisition when providing facility fund loans to alleviate the burden on small and medium enterprises and promote facility investment.

Starting this year, to revitalize the economy through expanded facility investment, SBC plans to introduce support for appraisal fees on collateral acquisition items to reduce the burden on companies due to facility investment. For innovative growth companies and startups with high policy priority and policy relevance, the support rate for mortgage registration costs will be preferentially applied.

Also, this year, a total budget of 1.782 billion KRW has been secured to support part of the mortgage registration and appraisal costs for facility investment companies until the budget is exhausted.

Acting Director Jo Jeong-kwon stated, “By supporting part of the costs required for collateral acquisition for companies receiving facility fund support, we aim to reduce the burden on companies,” adding, “Through this, we expect to promote facility investment by small and medium enterprises and contribute to economic revitalization.”

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