Revision of NH Technology Evaluation Excellent Company Loan Product
NH Nonghyup Bank announced on the 10th that it will revise and relaunch the technology finance exclusive product, ‘NH Technology Evaluation Excellent Company Loan,’ to strengthen financial support for innovative companies with outstanding technological capabilities.
The product is targeted at small and medium-sized enterprises that have received a Technology Credit Evaluation Certificate (TCB). The revisions include an increase in the Loan-to-Value (LTV) ratio for companies with excellent technological capabilities, additional credit loan limits, and preferential interest rates. Companies currently doing business with Nonghyup Bank or those that have executed the NH Technology Evaluation Excellent Company Loan can also receive free Intellectual Property (IP) consulting.
Choi Young-sik, Vice President of the Corporate Finance Division at NH Nonghyup Bank, said, “Through this product revision, we hope to provide practical assistance to companies with technological capabilities that face difficulties in raising funds.” He added, “Nonghyup Bank will continue to launch and revise various products to strengthen corporate finance.”
NH Nonghyup Bank has revised its specialized technology finance product, 'NH Technology Evaluation Excellent Company Loan,' to strengthen financial support for companies with outstanding technological capabilities. Photo by NH Nonghyup Bank
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