[Photo] Bank Loans Begin for Small Business Owners Affected by COVID-19

On the 1st, a small business owner affected by the spread of the novel coronavirus (COVID-19) is receiving loan consultation at a commercial bank in Seoul, where bank loans have begun for small business owners. The Financial Services Commission and the Korea Federation of Banks announced on the 31st that they will accept applications for fixed-rate credit loans at an annual interest rate of 1.5% with a one-year maturity from tomorrow until the end of 2020. The loan limit is up to 30 million KRW, and the support targets small business owners with annual sales of 500 million KRW or less and high credit ratings. / Reporter Kim Hyun-min kimhyun81@

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