[소상공인 금융지원 Q&A]Additional loans are available for group restricted businesses

For small business owners who are suffering a great deal from the third spread of Corona 19, the Financial Services Commission has improved the secondary financial support program for small business, which was previously operated by the Financial Services Commission, and prepared a new loan support plan.

First of all, the maximum interest rate will be cut by 2.99% per year from the application on the 18th. In addition, additional loans of up to 10 million won will be available for small business owners who rent a limited group business such as restaurants, cafes, and PC rooms, regardless of whether they use the existing small business first and second financial support programs.

We summarized in a question and answer format what benefits small business owners can receive through the improved financial support program and the application process.

-How much will the loan rate be cut?

“From the application on the 18th, banknotes lowered the highest interest rate by 1 percentage point from 4.99% per year to 3.99% per year. Among them, Kookmin, Shinhan, Woori, Hana, Nonghyup, and Industrial Bank of Korea cut an additional 1 percentage point and apply 2.99% per year. I decided to do it.

In the case of the guarantee fee, the first-year guarantee fee during the five-year loan period (2-year deferred payment and 3-year amortization) has been reduced from 0.9% to 0.3%.”

-I am using the 1st financial support program, can I apply for more?

“It is possible if the beneficiary of the first financial support program for small businesses (secondary compensation loans for small business owners, ultra-low interest rate loans for IBK, small vacuum management stabilization funds) is not a beneficiary of more than 30 million won.

-Can anyone get an additional loan?

“Only a private business operator who has a paid lease contract among small business owners in the collective restricted business who has received 2 million won support or a payment decision can apply for a loan.

The loan size can be up to 10 million won, and the interest rate is the same as the secondary program for small businesses. However, in the case of the deposit, the first year guarantee fee is fully deducted during the five-year loan period (2 years deferred / 3-year installment payment), and the 2-5 year guarantee fee is fixed at 0.6%.”

-Loan application process and preparation documents.

“From the 18th, applications can be made at 6,121 branches nationwide of 12 commercial and local banks handling the secondary financial support program for small businesses. For 5 banks (Kookmin·Shinhan·Woori·Daegu·Company), you can use the homepage and app. You can also use a non-face-to-face counter through the service, although it usually takes 3 to 4 business days from reception to loan, but there may be a delay due to crowds of applicants at the beginning of implementation.

The documents that need to be prepared are △business registration certificate △certificate for VAT standard △certificate for national and local tax payment △rental contract △proof of income amount △certification for the payment of 2 million won in supporting funds.

-Where do I get the confirmation of the support fund payment?

“You have to access the support fund homepage (Support fund.kr), press the’Confirm application result’ item, enter the business number, and go through the identity verification process. After that, when the’Deposit Complete’ screen appears, the payment amount (2 million won) is confirmed. After that, you can print the page. If you visit a branch, you can bring the printout with you, and if you apply in person, you can take a photo of the printout and use it.”

Jeonghyun Kim reporter [email protected]

The new standard changed by Corona, the new normal of’un·home·sl·on’ is coming.