Wanju County Provides 30.1 Billion Won in SME Promotion Fund Loans

Wanju County Launches Loan Support Program
Up to 200 Million Won Per Company to Ease SME Management Burden

Wanju County in North Jeolla Province has launched its '2025 SME Promotion Fund Loan Support' program.

According to the county on April 21, the 'SME Promotion Fund Loan Support' is a financial program designed to alleviate the management burden on small and medium-sized enterprises (SMEs) struggling due to tariffs imposed by the Trump administration and a prolonged economic downturn. A total of 30.1 billion won (3.4 billion won for general support and 26.7 billion won for partnership support) will be provided.

Wanju County Office building exterior. Provided by Wanju County

The maximum loan amount per company is 200 million won. Selected companies can receive management stabilization loans from banks. For 'general support,' an interest subsidy rate of up to 3% is applied, and repayment is made in a lump sum at maturity. For 'partnership support,' an interest subsidy rate of up to 2% is applied, and repayment is also made in a lump sum at maturity.

The main recipients are small and medium-sized manufacturing companies registered with factories in Wanju County. However, companies located in planned industrial sites and women-owned businesses are also eligible. The final selection is made after a review by the Wanju County SME Promotion Fund Review Committee to determine eligibility.

Applications are open until May 2. Companies in need of loan support can check the announcement on the county's website and submit the required documents to the Economic Policy Division at the county office.

County Governor Yoo Heetae said, "We expect this loan support to provide practical help for the management stability and resolution of financial difficulties faced by SMEs," adding, "We will continue to make active efforts so that more companies can benefit in the future."

Meanwhile, in order to expand the scope of eligible recipients for loan support, the county has partially revised the enforcement rules of the ordinance. As a result, the range has been broadened to include not only manufacturing companies based in the county, but also companies located in planned industrial sites and women-owned businesses, so that more companies can benefit.

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