Gimhae City Accepts Applications for 2021 Small and Medium Business Development Funds... Totaling 149 Billion KRW
[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Sang-hyun] Gimhae City, Gyeongnam Province, will provide a total of 149 billion KRW through the '2021 Gimhae City Small and Medium Enterprise Development Fund.'
The Small and Medium Enterprise Development Fund is a project that partially compensates the interest on bank loans for local small manufacturing companies to stabilize their management.
The city announced on the 21st that it will support 149 billion KRW this year, consisting of 120 billion KRW for management stabilization funds, 10 billion KRW for facility funds, 9 billion KRW for win-win cooperation funds, and 10 billion KRW for technology startup funds.
The interest compensation rates are 2.5% for management stabilization funds and 2% for facility funds, with an additional 0.5% support provided upon submission of certificates if the company qualifies as a preferential enterprise.
Preferential enterprises include Gimhae City excellent job-creating companies, women-owned businesses, companies owned by persons with disabilities, startups less than two years old, and Gimhae-type small but strong enterprises.
Applications are accepted through the 'Gimhae City Small and Medium Enterprise Development Fund' website. Applications for management stabilization funds can be submitted starting from the 1st of next month, and for facility funds from the 8th. The application period ends when funds are exhausted.
The win-win cooperation funds are supported through an agreement between BNK and Gimhae City and can be applied for at each branch of Gyeongnam Bank.
The technology startup funds are supported through an agreement with the Korea Technology Finance Corporation and can be applied for at the Gimhae, Changwon, and Busan branches of the guarantee fund.
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Detailed announcements can be found on the Gimhae City Small and Medium Enterprise Development Fund website, and inquiries can be made to the Gimhae City Investment Attraction Division.
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