Gurye-gun Launches Interest Subsidy Support for Small Business Loan Funds

Published 15 May.2023 16:58(KST)

Interest Support Within an Annual Limit of 2 Million KRW

Gurye-gun, Jeollanam-do announced that it will accept applications for the "2023 Small Business Interest Subsidy Support Project" from May 15 to 25 to alleviate financial difficulties and stabilize management for small business owners in the region suffering from high oil prices, high inflation, and high interest rates.

Eligible applicants are small business owners operating businesses with establishments in Gurye-gun, except those in excluded industries. Support will be provided for interest at an annual rate of 3% for three years, up to a maximum of 2 million KRW per business.

[Photo by Gurye-gun]

Small business owners wishing to apply can consult with a bank and then submit an application form to the Economic Vitality Division of the county office. Once loan support is approved, the respective financial institution will execute the loan.

The financial institutions that have agreements with the county include NongHyup Gurye Branch, Gurye Agricultural Cooperative, Gurye Livestock Cooperative, Sandong Agricultural Cooperative, Gurye Saemaeul Geumgo, and Bongseong Saemaeul Geumgo.

Additionally, under the supervision of the Gwangyang branch of the Jeonnam Credit Guarantee Foundation, on the 18th and 19th, on-site consultations for unsecured, low-credit small business owners will be held at the Gurye County Office small conference room (New Building, 2nd floor).

County Governor Kim Sun-ho said, "I hope this will provide some help to stabilize the management of small business owners who are increasingly struggling due to the recent continuous interest rate hikes," and added, "I hope various policies for small business owners will lead to the economic revitalization of Gurye-gun."