Saemaeul Geumgo Launches Loan Product Offering Higher Limits and Fee Discounts for Social Economy Enterprises
Social Economy Enterprises Receive Up to 85% LTV Preference
[Asia Economy Reporter Song Seung-seop] Saemaeul Geumgo launched the "MG Social Economy Enterprise Support Loan" on the 28th, offering preferential benefits to social economy enterprises.
This product provides a preferential loan-to-value ratio (LTV) of up to 85% for real estate secured loans. Early repayment fees are also waived.
The target is social economy enterprises (social enterprises, cooperatives, village enterprises, self-support enterprises) that pursue both social value and financial profit. These enterprises can reduce financial costs through preferential support in loan limits and fees.
Target enterprises can receive related information through credit specialist counselors at the "3rd Korea Social Economy Expo," held over three days starting from the 2nd of next month.
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Park Cha-hoon, Chairman of the Saemaeul Geumgo Central Association, emphasized, "We will actively support direct and indirect investments, procurement of goods and services, and expansion of sales channels to foster an ecosystem of social economy enterprises that bring new vitality to our economy by creating jobs and social value."
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