Daegu Bank to Provide Special Fund Loans of 500 Billion Won to Small and Medium Enterprises
Up to 1 Billion KRW per Company... Additional Support with 2.6%P Interest Rate Reduction
DGB Daegu Bank will provide a special Lunar New Year fund loan worth 500 billion KRW starting from the 22nd, to help overcome the difficulties faced by local small and medium-sized enterprises (SMEs) together. This program will be available until the 23rd of next month for SMEs experiencing temporary financial difficulties.
The maximum support limit per company is 1 billion KRW. To reduce financial costs, an additional interest rate reduction of up to 2.6 percentage points will also be provided. To ensure swift fund support, loan processing procedures such as credit evaluation and approval authority have been simplified.
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A representative of DGB Daegu Bank stated, “We hope that the special Lunar New Year fund loan support will help companies facing management difficulties secure smooth financing, even if only a little. We will continue to strive to practice finance that takes on new challenges with our customers, from the first to the best, through various support policies.”
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