Uljugun to Provide 'Second Round of Small Business Management Stabilization Fund' This Year

Up to 60 million won per company, 3% interest subsidy provided

Ulsan Ulju County is providing the '2024 2nd Small Business Management Stabilization Fund' to alleviate the loan burden on local small business owners who are struggling with management difficulties due to rising interest rates.

The Ulju County Small Business Management Stabilization Fund supports loans for small business owners operating within Ulju County through agreements with financial institutions and the Ulsan Credit Guarantee Foundation, aiming to assist local small business owners facing difficulties in securing funds.

The total loan amount is 15 billion KRW, with a maximum of 60 million KRW available per business. Ulju County will provide a 3% interest subsidy. Repayment terms can be chosen between a lump-sum repayment after a three-year grace period or installment repayment over four years after a one-year grace period.

Applications will be accepted starting at 9 a.m. on Wednesday, the 26th. Applicants can visit Ulju County Office (1st floor, Munsu Hall) or apply online via the Ulsan Credit Guarantee Foundation website. Applications will be processed on a first-come, first-served basis until funds are exhausted.

An Ulju County official stated, "We hope the Ulju County Small Business Management Stabilization Fund will serve as a reliable support for local small business owners facing difficulties due to prolonged economic downturns and high interest rates," and added, "We will work together with local financial institutions to implement policies that help stabilize the management of small businesses."

Ulju County Office

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