Yeonggwang-gun Promotes Interest and Guarantee Fee Support Project for Small Business Owners

Yeonggwang-gun, Jeollanam-do (Governor Kang Jong-man) announced on the 16th that it will promote the ‘2023 Small Business Management Stabilization Fund Interest Support and Guarantee Fee Support Project’ to alleviate financial difficulties and stabilize management for small business owners facing challenges such as high inflation and high interest rates.

Yeonggwang County Office Building [Photo by Yeonggwang County]

In 2022, the county supported interest and guarantee fees totaling 38 million KRW for 276 small businesses, and this year, it will support interest at 1.5% and guarantee fees at 0.8% for one year to small business owners who have taken out loans through the Jeonnam Credit Guarantee Foundation for Jeollanam-do management stabilization funds since January 1.

Applicants must have received policy fund loans through the Jeonnam Credit Guarantee Foundation and have their business located in the county. For those who applied for interest support in 2022, interest support will be provided for up to one year from the first interest payment month without additional application.

The application period is until the 9th of next month. Applicants should complete the application form after confirming the loan amount of the relevant fund at the financial institution where the loan was executed and submit it along with the interest payment statement to the County Office’s Job and Economy Division.

For more details, please contact the County Office’s Job and Economy Division.

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

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