Yeonggwang-gun Provides Interest Support for 'Business Stabilization Funds' to Small Business Owners

[Yeonggwang=Asia Economy Honam Reporting Headquarters Reporter Lee Jeonseong] Jeollanam-do Yeonggwang-gun (Governor Kim Junsung) announced on the 16th that it will carry out the 'Second Half Interest Support Project for Small Business Management Stabilization Funds' to alleviate the financial difficulties and stabilize the management of small business owners struggling due to COVID-19.

Previously, the county supported interest for 113 small business owners last year.

The county will support up to 1.5% interest for one year to small business owners who have taken out management stabilization funds or government policy funds loans through the Jeonnam Credit Guarantee Foundation since January 1.

The loan interest support limit is 50 million KRW, and each business can receive up to 750,000 KRW in support.

Applicants must be small business owners with business locations in the county, who have borrowed policy funds through the Jeonnam Credit Guarantee Foundation and whose sales decreased last year compared to 2019.

Interest support for last year's applicants will be provided for 12 months from the initial interest payment month without additional application.

The application period is from the 18th of this month to the 10th of next month, and applicants must submit the application form confirming the loan amount of the relevant funds from the lending financial institution along with the interest payment statement to the Economic Energy Division of the county office.

Yeonggwang=Asia Economy Honam Reporting Headquarters Reporter Lee Jeonseong leejs7879@asiae.co.kr

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