Gimhae City-BNK Gyeongnam Bank to Provide '3 Billion Won' Loans to Small Business Owners

Emergency Management Stabilization Fund Support to Overcome the Impact of COVID-19... Up to 10 Million Won Limit

Gyeongnam Gimhae City and BNK Gyeongnam Bank held a Small Business Hope Sharing Project event.

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] Gimhae City, Gyeongnam Province, held a Small Business Hope Sharing Project event on the 22nd in collaboration with BNK Gyeongnam Bank.

This event was specially planned by the city to support small business owners facing economic recession and difficulties in fund management due to COVID-19. It offers emergency loans totaling 3 billion KRW, with an annual interest rate of 4.82% and a maximum limit of 10 million KRW per individual.

The same conditions were applied to low-credit small business owners who did not receive government funding, and more than 100 small business owners visited on the day.

BNK Gyeongnam Bank plans to continue providing loan support to small business owners at its 12 branches located in Gimhae City until the funds are exhausted.

A city official stated, “To support small business owners affected by COVID-19, we will continue to expand management stabilization funds for small business owners and develop low-interest financial products in cooperation with BNK Gyeongnam Bank. We will always strive to provide direct assistance to local small business owners.”

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