Shinbo Central Association, Smart Small Business Agreement Guarantee... 30 Billion KRW Support with Hana Bank

The Korea Credit Guarantee Fund Central Association will implement the 'Smart Small Business Promotion Agreement Guarantee' starting from the 12th to support the smartization of manufacturing sites and foster innovative small business owners with growth potential.

The Central Association received a special contribution of 2.4 billion KRW from Hana Bank as guarantee funds and plans to support guaranteed loans worth 30 billion KRW for smart small business owners and others.

Regional Credit Guarantee Foundations will apply a 100% guarantee ratio for amounts up to 30 million KRW and increase it up to 95% for amounts exceeding 30 million KRW.

For guarantee amounts within 50 million KRW (up to 100 million KRW for facility funds), the guarantee limit will be expanded up to 150% of the amount calculated by the evaluation model only for specialized support targets.

Hana Bank has joined efforts to provide practical financial support to small business owners by offering an interest rate discount of up to 0.8 percentage points compared to existing loans. Additionally, the guarantee fee rate will be reduced by 0.4 percentage points compared to general guarantees, lowering the financial costs for small business owners in need of funds.

Applications for this agreement guarantee will be accepted starting today (the 12th), and detailed information can be obtained through the Central Association and 17 regional Credit Guarantee Foundations.

Lee Sang-hoon, Chairman of the Central Association, stated, "We hope this agreement guarantee with Hana Bank will provide practical help to small business owners," and added, "We plan to continue efforts to support funding in various fields."

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