Hana Bank to Provide 15 Trillion Won in Special Funding for Small Businesses and SMEs for Lunar New Year

Hana Bank announced on January 30 that it will provide a total of 15 trillion won in special funding support to small business owners and small and medium-sized enterprises (SMEs) with high demand for funds before and after the Lunar New Year holiday, until March 13.

The support targets include new corporate loans with maturities of up to one year, such as general loans (working capital and facility loans), commercial bill discounts, and trade bill loans, as well as extensions (refinancing) of previously issued special holiday funding loans.

The total support limit is 15 trillion won, with 6 trillion won allocated to new loans and 9 trillion won to extensions. The bank will also offer loan interest rate reductions of up to 1.5%.

Additionally, for travelers returning home who need to exchange old bills for new ones, Hana Bank will provide a "direct visit financial service." On February 13 and 14, from 10 a.m. to 5 p.m., the "Mobile Hana Bank" will host a new bill exchange event at the Yangjae Meeting Square Rest Area (southbound).

A Hana Bank representative said, "We hope this support will be of some help to small business owners and SMEs who are in urgent need of funds during the Lunar New Year holiday."