Hamyang-gun Supports Funding for SMEs and Small Business Owners to Revitalize Local Economy

Up to 300 Million KRW for SMEs · Up to 50 Million KRW for Small Business Owners

Hamyang-gun, Gyeongnam Province, will begin accepting applications for support funds for small and medium-sized enterprises (SMEs) and small business owners in the first half of 2024 starting from the 29th.

The total support amount is 8 billion KRW, with an annual interest subsidy of 3% provided over four years. The repayment method is a 2-year grace period followed by 2 years of equal installments for general operating funds and small business start-up and lease funds, and a 1-year grace period followed by 3 years of equal installments for SME technology development funds and facility modernization funds.

Panoramic view of Hamyang County Office.

The eligible applicants are SMEs and small business owners registered in Hamyang-gun, including low-credit and low-income small business owners.

Applications can be submitted from the 29th until February 8th by bringing a business registration certificate to the financial institutions handling the loans (Nonghyup Gun Branch, Gyeongnam Bank, Saemaeul Geumgo, Forestry Cooperative, Credit Union) for loan consultation and then submitting the application form.

A county official stated, “We have relaxed the support conditions to provide financial assistance to SMEs and small business owners who are experiencing difficulties in management.”