NH NongHyup Bank Launches Small Business Growth Promotion Guaranteed Loan

Special Contribution of 39.5 Billion KRW to Credit Guarantee Foundation Over Three Years

NH NongHyup Bank announced on November 17 that it has launched the "Small Business Growth Promotion Guaranteed Loan," a product designed to support small business owners with more than one year of business history who have demonstrated enhanced competitiveness.

This product was developed as part of the "Banking Sector Small Business Financial Support Plan." NH NongHyup Bank will make a special contribution of approximately 39.5 billion KRW to the Credit Guarantee Foundation over three years, which will serve as the basis for a total of 395 billion KRW in financial support.

Eom Eulyong, Deputy President of Corporate Banking at NH NongHyup Bank, stated, "This is a financial support program designed to provide practical assistance to small business owners experiencing difficulties in raising funds. Going forward, we will continue to expand various financial support measures to promote the sustainable growth of local economies and small businesses."

Individual small business owners can receive support of up to 50 million KRW, while corporate small business owners can receive up to 100 million KRW, for either five years (two-year grace period, three-year installment) or ten years (three-year grace period, seven-year installment). For more details about the loan product, customers can contact the NH NongHyup Bank Customer Happiness Center or visit their nearest branch.