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

[Yeonggwang=Asia Economy Honam Reporting Headquarters Reporter Lee Seong-jeong] Yeonggwang-gun, Jeollanam-do (Governor Kim Jun-seong) announced on the 20th 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.

Previously, the county supported interest of 1.5% or less for 97 small business owners who took out loans from February to June.

The COVID-19 management stabilization fund supports interest on loans executed at financial institutions from February to this month for small business owners whose sales decreased by more than 10% compared to the same period last year, through issuance of guarantees or COVID-19 damage support confirmation certificates from the Jeonnam Credit Guarantee Foundation and the Small Enterprise and Market Service. This applies to Jeonnam-do’s emergency management stabilization fund for small business owners and the Small Enterprise and Market Service’s management difficulty funds.

The county plans to support up to 1.5% interest for one year from the loan date on the relevant loan amount.

Applications can be submitted to the Investment and Economy Division by attaching the interest payment statement after confirming the loan amount of the relevant fund at the financial institution.

The application period is from the 23rd of this month to the 11th of next month, and the applicants must be small business owners with business sites and addresses in the county.

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