Haenam-gun Supports Small Business Owners with Three Special Guarantee Packages

Loan, Interest Subsidy, and Loan Fee Support for Low-Credit Small Business Owners Receive Positive Response

Haenam-gun, Jeollanam-do, will actively continue the special guarantee support project for small business owners, which has received great response, this year as well.

The Haenam-type special guarantee support project consists of three types in total, providing guarantees for debts on special guarantee loans for small business owners up to a limit of 30 million KRW, supporting 3% of the 4.8% loan interest, and offering a package support of up to 250,000 KRW for guarantee fees incurred upon loan execution.

Haenam-gun Office Building Exterior View

According to the county on the 15th, the project is being implemented through special guarantee agreements with seven financial institutions including Jeonnam Credit Guarantee Foundation, NH Nonghyup Bank Haenam Branch, Gwangju Bank Haenam Branch, Haenam Woori Credit Union, Haenam Credit Union, Saemaeul Geumgo, Haenam Jindo Livestock Cooperative, and Bukpyeong Nonghyup.

Haenam-gun’s unique special guarantee support project has received great response by supporting low-credit small business owners who have difficulty accessing institutional finance due to lack of collateral.

Low-credit small business owners in the county who wish to apply for the special guarantee loan can consult for credit guarantee at the Jeonnam Credit Guarantee Foundation, execute the loan through the affiliated financial institutions in the county, and then visit the Haenam-gun Economic Industry Division to apply for interest subsidy and loan fees. For more details, inquiries can be made to the Small Business Team of the Economic Industry Division.

A county official said, “We hope that the Haenam-type special guarantee support project will be of great help to small business owners who are experiencing significant difficulties amid the challenging economic situation of high inflation and high interest rates.”

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