Yeonggwang-gun Provides Interest Support for 'Business Stabilization Funds' to Small Business Owners

[Asia Economy Honam Reporting Headquarters Reporter Jeon Seong] Yeonggwang-gun, Jeollanam-do (Governor Kim Joon-seong) announced on the 30th that it will temporarily support interest on loans from the COVID-19 management stabilization fund for small business owners experiencing business difficulties such as decreased sales due to COVID-19.

The COVID-19 management stabilization fund applies to small business owners whose sales have decreased by more than 10% compared to the same period last year due to COVID-19. It covers loans executed from February to this month at financial institutions with guarantees issued by the Jeonnam Credit Guarantee Foundation and the Small Enterprise and Market Service or confirmation of eligibility for COVID-19 damage support. This includes the Jeonnam Province Small Business Emergency Management Stabilization Fund and the Small Enterprise and Market Service’s Management Difficulty Fund.

The county plans to support interest of 1.4% to 1.5% for one year from the loan date on the applicable loan amounts.

Applications can be submitted to the county office’s Investment and Economy Division by attaching the interest payment statement for the first half of the year after confirming the loan amount of the relevant fund at the financial institution.

The application period is from the 6th to the 24th of next month, and the applicants must be small business owners with workplaces and addresses in the county.

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