Ulju-gun Opens Applications for Small Business Management Stabilization Funds Starting from the 4th

First Round of 10 Billion KRW Management Stabilization Fund

Loans up to 60 Million KRW and Interest Subsidy Support

Ulju-gun, Ulsan City will begin accepting applications for the '2023 1st Business Stabilization Fund' from 9 a.m. on the 4th.

Ulju County Office.

The Business Stabilization Fund is designed to support local small business owners facing management difficulties due to the economic downturn, with a total loan amount of approximately 10 billion KRW provided in three phases.

Each business can borrow up to 60 million KRW, and will receive an interest differential subsidy of 3% for three years.

Businesses wishing to apply can do so through the Ulsan Credit Guarantee Foundation website, with applications accepted on a first-come, first-served basis.

For more details, refer to the announcement on the Ulju-gun website or contact the Ulsan Credit Guarantee Foundation (Nam Ulsan Branch or Seoulsan Branch).

A county official urged, “Since applications for the Business Stabilization Fund are accepted on a first-come, first-served basis, small business owners in need of funds should make sure to apply within the deadline to avoid missing out on support.”

Ulju-gun has expanded the loan scale for the small business owners’ Business Stabilization Fund from 20 billion KRW last year to 30 billion KRW this year. Additionally, the interest differential support rate has been increased from 2.5% to 3%, and the support period extended from 2 years to 3 years, significantly enhancing the benefits.