Muan-gun Implements Interest Subsidy Support Program for Small Business Loan Funds

Supporting Small Business Management Stability with Annual 3% Interest Subsidy

[Muan＝Asia Economy Honam Reporting Headquarters, Reporter Oh Hwan-joo] Muan-gun, Jeollanam-do is implementing an interest subsidy support project for small business loans to alleviate financial difficulties and promote management stability for small business owners.

This project is a system that supports 3% interest on loans up to 20 million KRW for two years to small business owners who have taken out loans at 17 local financial institutions that have signed agreements with the county.

This year, interest support is provided to about 50 companies that took out loans last year as well as newly applying companies, with a support budget of 160 million KRW.

The application period lasts until funds are exhausted, and any small business owner operating a business in Muan-gun who is not in an excluded industry can apply.

Small business owners who wish to apply should visit the Mokpo branch of the Jeonnam Credit Guarantee Foundation to consult on the possibility of issuing a guarantee certificate, then submit application documents to receive a recommendation letter, and execute a loan at a financial institution that has signed an agreement with the county.

Muan＝Asia Economy Honam Reporting Headquarters, Reporter Oh Hwan-joo