Gwangju Bank Dispatches Employees to 6 Branches of Gwangju Credit Guarantee Foundation

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Bank (President Song Jong-wook) announced on the 27th that, amid most of the funding applications from companies affected by ‘COVID-19’ being concentrated on guaranteed loans from credit guarantee foundations, it is dispatching 12 Gwangju Bank employees to six branches of the Gwangju Credit Guarantee Foundation to collaborate and accelerate the supply of funds.

Due to the surge in consultations at the Credit Guarantee Foundation for management difficulty funds loans for companies damaged by ‘COVID-19,’ a remarkable scene has emerged where people line up early in the morning to receive waiting tickets. Many people have returned empty-handed after waiting until the afternoon without their turn coming.

Also, since the number of staff handling the work is far insufficient compared to the number of loan applicants, delays in guarantee consultations and on-site inspections are occurring, and it is expected to take about one to two months from issuing the guarantee certificate to actually receiving the loan, making urgent countermeasures necessary.

Accordingly, Gwangju Bank is dispatching employees to the Gwangju Credit Guarantee Foundation to collaborate on various tasks such as consultation and screening cooperation, and has opened dedicated ‘COVID-19’ damage consultation counters at all branches to handle guarantee consultations, document submissions, on-site visits, and guarantee agreements on behalf of customers.

As a result, customers have reduced the inconvenience of having to visit both Gwangju Bank and the Credit Guarantee Foundation alternately to apply for loans, and can now receive one-stop services from guarantee consultation to guarantee agreements with just one visit to Gwangju Bank.

Song Jong-wook, President of Gwangju Bank, said, “As the economic downturn caused by ‘COVID-19’ intensifies, the worries of our local residents are deepening day by day,” and added, “We will carry out our mission as the representative bank of Gwangju and Jeonnam by minimizing regional economic damage and providing necessary funds to local small business owners in a timely manner, injecting the power of coexistence to overcome these difficult times well.”

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