Gwangju Bank Signs Business Agreement to Support Small Business Owners' Recovery
Gwangju Bank announced on the 14th that it signed a 'Business Agreement to Support the Recovery of Small Businesses and Small Merchants' with the Jeonnam Credit Guarantee Foundation at its headquarters.
This agreement was established to help small merchants who have failed in their businesses due to high interest rates and economic recession to recover.
The support targets are small businesses and small merchants located in Jeonnam who are debtors for whom the Jeonnam Credit Guarantee Foundation has made substitute payments and who have the will to restart their business and the potential to normalize management. Support is provided within the scope of the credit guarantee issued by the Jeonnam Credit Guarantee Foundation, and a 3% interest subsidy will be provided for two years.
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Byung-il Ko, President of Gwangju Bank, said, “Going forward, Gwangju Bank will do its best to prepare various support measures for local residents in order to fulfill its role as the representative bank of the region.”
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