Gwangju Buk-gu Supports Small Business Owners with '3No Special Guarantee' Program

Buk-gu, Gwangju Metropolitan City, is providing small business owners with a '3 No (No Collateral, No Interest, No Guarantee Fee) Special Guarantee.'

Starting from the 4th of next month until funds are exhausted, the district will offer financial support of up to 20 million KRW per business for tenant small business owners and up to 30 million KRW for re-entrepreneurs.

The total scale is approximately 4.42 billion KRW, divided into no collateral, no interest (full interest within 6% for one year), and no guarantee fee (0.7% of the loan amount for one year).

For more details, please contact the Small Business Support Division of Buk-gu Office.

A district official stated, "We will continue to implement policies that support small business owners to help restore the local economy."