Gimhae City to Accept Applications for Second Half SME Development Funds from the 7th of Next Month... Total Support of 60 Billion KRW

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Sang-hyun] Gimhae City, Gyeongnam Province, announced on the 23rd that it will accept applications for the second half of the year small and medium business promotion funds (management stabilization funds) worth 60 billion KRW starting from the 7th of next month.

The management stabilization fund support is a project that compensates part of the interest when local small and medium enterprises take out bank loans for necessary funds, and 60 billion KRW was also executed in the first half of the year.

The interest compensation rate is 2.5%, and preferred companies (Gimhae City excellent job creation companies, women-owned companies, disabled-owned companies, companies less than 2 years since establishment, Gimhae-type strong small enterprises) can receive an additional preferential interest rate of 0.5% by submitting the relevant certificate.

The application period is from July 7th until the funds are exhausted, and applications can be made on the Gimhae City Small and Medium Business Promotion Fund website.

Since all related documents must be submitted online when applying for funds, files that can be uploaded in advance should be prepared.

For more detailed information, please refer to the Gimhae City Small and Medium Business Promotion Fund website or contact the Investment Attraction Division of the City Hall.

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