BankSalad Launches Business Loan Refinancing for Sole Proprietors... "Enhanced Benefits for Mid- to Low-Credit Borrowers"

BankSalad, a company specializing in MyData services, announced on March 18, 2026, that it will launch a 'Business Loan Refinancing' service for sole proprietors.

BankSalad's business loan refinancing service helps sole proprietors switch their existing business loans to products with lower interest rates. When refinancing is desired or when an additional loan is needed, the service recommends loan products that offer the greatest interest savings, based on information calculated for the lowest interest rate and maximum loan limit.

BankSalad has built a foundation for business loan services through its participation in MyData-based comprehensive infrastructure projects, such as the establishment of a 'credit evaluation model exclusively for micro-business owners' and the launch of the 'AI credit rating inquiry for sole proprietors' service.

Building on its accumulated MyData technology, BankSalad aims to further differentiate its capabilities by leveraging a variety of data—including actual sales trends, business history, and tax payment records—in addition to credit scores. This approach is designed to identify hidden high-quality businesses and enable business owners with mid- to low-credit scores to experience tangible interest rate reductions, thereby advancing inclusive finance.

BankSalad previously made a mark in the loan refinancing market by participating in the refinancing infrastructure in 2023. Among BankSalad customers who used the existing loan refinancing service, the largest reduction in interest rate reached as much as 13.37 percentage points.

A BankSalad representative stated, "Now, not only individuals but also sole proprietors can refinance their loans, helping business borrowers reduce their interest burdens. We will continue to expand inclusive finance so that sole proprietors, who often have mid- to low-credit scores, can lower their actual interest costs and enjoy a more reasonable financial environment despite their busy daily lives."

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