Daegu Credit Guarantee Foundation Launches 3 Billion KRW Special Guarantee for Buk-gu Small Businesses... 100 Million KRW from Buk-gu Office, 200 Million KRW from Saemaeul Geumgo Federation

On August 12, Daegu Credit Guarantee Foundation (Chairman Park Jinwoo) announced that it has signed a "Business Agreement for the Management Stability of Small Business Owners" with Buk-gu Office of Daegu, Ace Saemaeul Geumgo, and Dream Saemaeul Geumgo, and will implement a special guarantee program worth 3 billion KRW to support the management stability of small business owners and reduce their financial burdens.

Under this agreement, Buk-gu Office of Daegu will contribute 100 million KRW and the National Federation of Saemaeul Geumgo will contribute 200 million KRW as special funds to Daegu Credit Guarantee Foundation. Based on these contributions, the foundation will provide a "Special Guarantee for Management Stability Funds for Small Business Owners in Buk-gu" worth 3 billion KRW, which is ten times the total contributions.

(From left) Park Muwan, Chairman of Ace Saemaeul Geumgo; Park Jinwoo, Chairman of Daegu Credit Guarantee Foundation; Bae Kwangsik, Mayor of Buk-gu; Park Dohwan, Chairman of Dream Saemaeul Geumgo; and Kim Daesu, Branch Manager of iM Bank Buk-gu Office, are holding the agreement documents and posing for a commemorative photo after signing a business agreement. Thank you always!

The program is available to small business owners located in Buk-gu who have been in operation for at least three months and have a personal credit score of 595 or higher. Each eligible business can receive a credit guarantee of up to 30 million KRW.

Buk-gu Office of Daegu will support the beneficiaries by subsidizing 3.0% of their bank loan interest for one year, while Daegu Credit Guarantee Foundation will offer preferential terms such as a 100% guarantee ratio (full guarantee) and a fixed guarantee fee of 0.8% per year. These measures are expected to significantly help small business owners in Buk-gu who are struggling with high financial costs to secure funding.

Park Jinwoo, Chairman of Daegu Credit Guarantee Foundation, stated, "We plan to actively collaborate with the nine district and county offices to expand the scale of special guarantees for low-interest management stability funds provided by local governments. We will provide comprehensive support so that small business owners can overcome financial difficulties and regain their vitality."

This special guarantee program, which will be implemented starting August 18, allows for easy application and document submission through the "Bojeung Dream" app.

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