[Asia Economy Reporter Bu Aeri] Sh Suhyup Bank announced on the 31st that it has launched the 'Sh Special Contribution Agreement Guarantee Loan,' an exclusive loan product secured by guarantee certificates from the Korea Technology Finance Corporation and the Korea Credit Guarantee Fund.
This loan product involves Suhyup Bank making a special contribution of 6 billion KRW to the Korea Technology Finance Corporation and 4 billion KRW to the Korea Credit Guarantee Fund, totaling 10 billion KRW. These two institutions then issue guarantee certificates using these funds, supporting working capital loans worth 200 billion KRW for small and medium-sized enterprises and individual business owners through this exclusive guarantee certificate secured loan product.
Within the guarantee amount issued by the guarantee institutions, a preferential guarantee fee of 0.2% per annum is provided for up to three years, and depending on transaction performance, a preferential interest rate of up to 0.2% per annum is also offered.
A Suhyup Bank official stated, "Going forward, as a reliable financial partner for small and medium-sized enterprises and individual business owners, we will continue to launch various products that meet customer needs."
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