Yeongam-gun Implements Support Program for Small Business Owners in the Second Half of the Year

Loan of 50 Million KRW, 3% Annual Interest Support for 3 Years

Yeongam-gun Government Office

[Asia Economy Honam Reporting Headquarters Reporter Lee Jun-kyung] Yeongam County announced on the 4th that it will carry out the ‘Yeongam County Small Business Interest Subsidy Support Project’ in the second half of 2022.

The eligibility criteria for the ‘Yeongam County Small Business Interest Subsidy Support Project,’ which began accepting applications and announcements from this day, targets small business owners operating businesses within the county, and plans to provide support up to a limit of 50 million KRW depending on creditworthiness.

The county will subsidize interest at an annual rate of 3% for three years on the loan amount, and the project participants will bear the amount excluding the 3% interest rate supported by the county.

Small business owners wishing to receive the interest subsidy can apply by visiting the Investment Economy Division (Regional Economy Team) or the Eup/Myeon Office by the 21st after preparing the required documents and consulting with the contracted financial institution if the loan is currently executed or planned within three months as of the document submission date.

For small business owners guaranteed by a credit guarantee institution, the county plans to support credit guarantee fees up to 1 million KRW, and applications can be made concurrently with the interest subsidy support project.

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