BNK Gyeongnam Bank Gives Hope to Small Business Owners

Hope Plus Credit Loan Support Increased from 10 Million to 30 Million Won per Company

BNK Gyeongnam Bank Headquarters.

[Asia Economy Yeongnam Reporting Headquarters, Reporter Song Jong-gu] BNK Gyeongnam Bank has expanded the limit and eligibility for the 'Hope Plus Credit Loan' offered to small business owners.

The loan limit has increased from the previous 10 million KRW per business to 30 million KRW.

The eligibility criteria are ▲small business owners currently operating after business registration ▲representative's personal credit score of 920 or higher (based on NICE Information Service) ▲recipients of government small business quarantine support funds or small business loss compensation funds, with all three conditions required to be met.

The prohibited conditions for handling have been reduced from a total of four to one: ‘companies that have received special recovery loans from the Small Enterprise and Market Service.’

For more details about the Hope Plus Credit Loan, inquiries can be made through all BNK Gyeongnam Bank branches, and a ‘mobile consultation reservation service’ is provided for busy small business owners.

By reserving (applying for) the desired date and time for Hope Plus Credit Loan consultation through the BNK Gyeongnam Bank mobile banking app, customers can receive loan consultations at their preferred branch.

Jung Yoon-man, Executive Director of the Credit Sales Headquarters, said, “We have expanded the loan limit and eligibility so that more local small and micro businesses can use the Hope Plus Credit Loan. We hope this loan helps overcome difficulties caused by COVID-19. We plan to continue introducing various measures to support local small business owners and revitalize the economy.”