Hana Bank Launches Additional 200 Billion Won 'Safe Account Loan' for Small Businesses in Seoul

Hana Bank announced on March 19 that it will support the "Seoul Small Business Safe Account Loan No. 3" in collaboration with the Seoul Metropolitan Government and the Seoul Credit Guarantee Foundation, aiming to assist small business owners in Seoul who are struggling due to the economic downturn.

The total amount of support is 200 billion won. Eligible applicants are: ▲ Individual business owners with business locations in Seoul and more than one year of business history ▲ Those who have received a Seoul Credit Guarantee Foundation guarantee certificate ▲ Customers with a NICE credit score of 600 or higher. The maximum loan amount per business is 10 million won, and the loan term can be extended annually for up to five years.

The loan is provided in the form of an overdraft account to help business owners respond to sudden funding needs. All commitment line fees and unused commitment limit fees are fully waived.

Previously, from August to October last year, Hana Bank implemented the "Safe Account Loan No. 2," achieving a market share of 31.6%. A Hana Bank official stated, "Fast loan execution, face-to-face consultations, and flexible screening criteria are the main advantages."

This time, Hana Bank will also support 50% of the guarantee fee incurred at the time of the first new loan agreement. There will also be an event where 1,700 customers who sign up for the Safe Account after pre-registration will receive two Starbucks gifticons each.

Guarantee certificate applications can be made through the Seoul Credit Guarantee Foundation app on a five-day rotation basis from today until the 25th. From the 26th, applications will be accepted without any restrictions. A Hana Bank official said, "We designed this product to help alleviate funding difficulties and provide emergency funds for small business owners, even if just a little," adding, "We will continue to strive to support more individual business owners with a variety of products and services."

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