Hapcheon-gun Opens Applications for Second Half Small Business Development Fund Loan Support

Applications Accepted Until the 30th at Financial Institutions Handling Local Funds

Hapcheon County Office building view

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Hapcheon-gun, Gyeongnam Province, is accepting applications for the '2021 Second Half (2nd Round) Small Business Development Fund' loan support from the 11th to the 30th to address the economic difficulties of small business owners in the area.

The target for this second half (2nd round) loan support is small business owners, with 1.49 billion KRW remaining undecided out of the 4 billion KRW allocated for the second half applications.

Eligibility requires small business owners to have a business site and address in the county as of the application date. If selected for loan support, they can receive a 3% annual loan interest subsidy from the county for five years. The loan limit is 50 million KRW, with repayment terms of a 2-year grace period followed by 3 years of equal installments.

Small business owners wishing to apply should visit the financial institutions handling the fund (NH Nonghyup Bank Hapcheon Branch, Gyeongnam Bank Hapcheon Branch, Gangyang Saemaeul Geumgo, Hapcheon Credit Union, Hapcheon Livestock Cooperative, Hapcheon County Forestry Cooperative, and local Nonghyup excluding Hapcheon Nonghyup) to submit their applications.

Moon Jun-hee, Mayor of Hapcheon-gun, stated, “We hope this will help stabilize the management of small business owners suffering from difficulties due to the novel coronavirus disease (COVID-19), and we will strive to stabilize the local economy through various other support policies.”

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