Yeonggwang-gun Supports Small Business Owners with 'Credit Guarantee Fees' Assistance

[Yeonggwang=Asia Economy Honam Reporting Headquarters Reporter Lee Jeonseong] Yeonggwang-gun, Jeollanam-do (Governor Kim Junsung) announced on the 28th that it will implement the 'Small Business Credit Guarantee Fee Support Project' to alleviate the management burden of small business owners who are experiencing difficulties such as a sharp decline in sales due to the prolonged COVID-19 pandemic.

This project supports 0.8% of the one-year guarantee fee paid to the Jeonnam Credit Guarantee Foundation for small business policy fund loans. The portion exceeding 0.8% of the calculated guarantee fee is supported by Jeonnam Province, effectively eliminating the guarantee fee burden for small business owners.

The eligible applicants are small business owners whose addresses and business locations are in the county and who have executed new loans using the Jeonnam Credit Guarantee Foundation guarantee since January 1st.

The county and the Jeonnam Credit Guarantee Foundation will notify the eligible applicants separately via text message, and the application period is from the 1st to the 18th of next month.

Governor Kim Junsung said, "I hope this project will be a strong support for small business owners in the county," and added, "We will continue to do our best to promote various projects that provide practical help to small business owners to overcome the COVID-19 crisis."

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