Jungjingong Implements 'Win-Win Growth Network Loan' Worth 139.5 Billion KRW

Cooperation with Large, Medium-Sized, and Excellent SMEs
Short-Term Production Funds Provided with Only a Purchase Order

The Small and Medium Business Corporation announced on the 12th that it will implement the 'Win-Win Growth Network Loan' to promote smooth production and stable delivery of small and medium enterprises (SMEs) and to stabilize supply chains and create a cooperative ecosystem among large, medium-sized, and small enterprises.

The Win-Win Growth Network Loan is structured such that large corporations, medium-sized enterprises, and excellent SMEs with a strong will for win-win growth sign a business agreement with the Small and Medium Business Corporation, which then provides production funds as loans based on purchase orders to cooperating SMEs. The repayment is made by the Small and Medium Business Corporation receiving the delivery payments from the ordering companies.

Jungjingong

In particular, this is a supply chain-linked financing method differentiated from the existing policy fund support methods of the Small and Medium Business Corporation, characterized by quickly providing short-term, low-interest production funds based on purchase orders.

This year, the budget for the Win-Win Growth Network Loan is set at 139.5 billion KRW, an increase of 39.5 billion KRW compared to the previous year. The support targets are cooperating SMEs recommended by ordering companies that have signed business agreements with the Small and Medium Business Corporation and have transaction records within the last year. Recommended cooperating SMEs can apply for up to 1.5 billion KRW within one-third of their sales revenue on the most recent financial statements (within half for manufacturing industries).

The support period is within one year from the support date, and applicants can choose and apply in 15-day increments between 30 and 365 days, considering payment conditions and fund circumstances. All support procedures are conducted online to enhance convenience for applying companies, and funds are planned to be supplied within five business days after application.

Director Kang Seok-jin stated, “We expect the Win-Win Growth Network Loan to play a significant role in financing the production stage of SMEs,” adding, “We will continue efforts to improve SMEs' financial accessibility by utilizing the credit of ordering companies and to spread a culture of win-win growth among large, medium-sized, and small enterprises.”

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