Gyeongnam Bank and Changwon Special City 'Special Loan Consultation Support for Small Business Owners'

Implementation of 'Small Business Hope Sharing Win-Win Finance'

On the 24th, BNK Gyeongnam Bank jointly conducted the ‘Small Business Hope Sharing Win-Win Finance’ with Changwon Special City, Gyeongnam.

The Small Business Hope Sharing Win-Win Finance is an event where BNK Gyeongnam Bank collaborates with local governments to listen to the difficulties of small business owners and support them financially through loan recommendations.

Bank President Ye Gyeongtak and Mayor Hong Nampyo visited the BNK Gyeongnam Bank Small Business and Self-Employed Support Center (Yongho-dong, Seongsan-gu, Changwon City) to listen to the challenges faced by local small business owners and provide management consulting.

BNK Gyeongnam Bank President Ye Kyung-tak and Hong Nam-pyo, Mayor of Changwon Special City, Gyeongnam, are listening to the difficulties of local small business owners and conducting special loan consultations.

BNK Gyeongnam Bank is conducting loan consultations based on the 3-no loans (no collateral, no guarantee, regardless of credit rating) and will provide a special loan of 5 billion KRW to small business owners in the Changwon area.

This special loan supports low-interest loans of up to 10 million KRW per individual for sole proprietors with an annual income of 35 million KRW or less and employees of the respective businesses.

Small business owners in the Changwon area who wish to apply for the special loan can inquire in advance at BNK Gyeongnam Bank branches located in Changwon and then visit.

Mayor Hong said, “We appreciate BNK Gyeongnam Bank’s win-win cooperation and hope that this Small Business Hope Sharing Win-Win Finance will be helpful to local small business owners.”

President Ye said, “We have provided a special loan of 5 billion KRW to local small business owners who are struggling due to high inflation and economic recession. BNK Gyeongnam Bank will actively cooperate with Changwon City to revitalize the local economy.”

Meanwhile, BNK Gyeongnam Bank and Changwon Special City have been holding this event annually since 2018 to alleviate the difficulties of low-income, low-credit small business owners who have no collateral capacity or low credit ratings, making it difficult to secure loans from banks.

This year, the special loan support for small business owners in the Changwon area amounts to a total of 5 billion KRW, the largest support scale in the Gyeongnam region.

BNK Gyeongnam Bank plans to provide special loans totaling up to 30 billion KRW to the Gyeongnam region including Changwon Special City and Ulsan Metropolitan City.