Ulsan Ulju-gun, 3rd Small Business Management Stabilization Fund Support

Ulju-gun, Ulsan City, will provide the 3rd round of business stabilization funds in 2023 to alleviate the loan interest burden of local small business owners facing management difficulties due to interest rate hikes.

The business stabilization fund is a program that supports part of the interest when small business owners with workplaces in Ulju-gun receive bank loans.

This year, the total loan scale for Ulju-gun small business owners' business stabilization funds is 30 billion KRW, with 10 billion KRW supported in each of the 1st and 2nd rounds, and an additional 10 billion KRW planned for this 3rd round.

Loans of up to 60 million KRW per company are available, and an interest difference subsidy of 3% will be provided for three years.

Ulju County Office.

Applications will be accepted on a first-come, first-served basis from 9:00 AM on September 5th via the Ulsan Credit Guarantee Foundation website and will close once the funds are exhausted.

For more details, please refer to the announcement on the Ulju-gun website or contact the Ulsan Credit Guarantee Foundation.

An Ulju-gun official stated, “We hope this business stabilization fund support will provide tangible help to small business owners struggling with management difficulties due to economic recession and rising interest rates,” adding, “We will continue to do our best to stabilize the management of local small business owners.”

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