Approximately 1 Billion KRW Contributed to Busan Credit Guarantee Foundation
Total of 15 Billion KRW in Business Stabilization Fund Support
▲ On the 9th, after signing a financial support business agreement for small business owners in Busan at the Busan Credit Guarantee Foundation headquarters, (from left) Bonggyun Park, Busan Credit Guarantee Foundation City Hall Branch Manager; Jonggwan Jin, Busan Credit Guarantee Foundation Guarantee Support Director; Donghwa Sung, Chairman of Busan Credit Guarantee Foundation; Suyong Park, Director of Saemaeul Geumgo Central Association; Deokgyu Kim, Head of Busan Regional Headquarters of Saemaeul Geumgo Central Association; and Jeongjo Kim, Busan Management Support Department Head of Saemaeul Geumgo Central Association, are taking a commemorative photo. Provided by Saemaeul Geumgo Central Association
On May 13, the Saemaeul Geumgo Central Association announced that it had signed a business agreement with the Busan Credit Guarantee Foundation to provide "2025 Special Fund Support for Small Business Owners in Busan."
This agreement was established to provide low-interest financial support, backed by Busan City's interest subsidy program, to small businesses and small business owners in the Busan area who are facing difficulties in securing funds due to the economic downturn and other factors.
The Saemaeul Geumgo Central Association and 134 Saemaeul Geumgo branches in the Busan area will jointly contribute approximately 1 billion KRW to the Busan Credit Guarantee Foundation, and will support a total of 15 billion KRW in business stabilization funds for small businesses and small business owners located in Busan.
Small business owners in need of funding can receive loans using guarantee certificates from the Busan Credit Guarantee Foundation by consulting at Saemaeul Geumgo branches. In addition, Busan City will provide an interest subsidy of 1 percentage point on the loan interest (for up to five years), thereby reducing the interest burden for borrowers.
The Busan Regional Headquarters of the Saemaeul Geumgo Central Association stated, "We hope this will serve as a stepping stone for local small business owners who are going through difficult times, and that it will also help revitalize the local economy." The headquarters also added, "We will continue to focus on providing financial services for ordinary citizens and further strengthen our role as a local community financial institution."
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