Gwangju Bank Provides Special Fund Support for Small and Medium Enterprises Partnership
Gwangju Bank is implementing the 'Special Fund Loan for Small and Medium Enterprises (SMEs) Partnership.'
Gwangju Bank announced on the 6th that it will newly allocate 500 billion KRW in funds to support SMEs located in Gwangju, Jeonnam, and the metropolitan area until the limit is exhausted.
The support limit per company is up to 7 billion KRW.
The loan interest rate is reduced by up to 1.70 percentage points compared to the calculated rate.
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Byung-il Ko, President of Gwangju Bank, emphasized, “We will continue to make greater efforts to prepare various regional win-win measures to provide practical help in alleviating the financial difficulties of local SMEs and small business owners.”
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