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(~01/20 ends)
New fund of 300 billion won, maturity extension of 200 billion won…Practice win-win management with preferential interest rates
[Financial News Gwangju = Reporter Hwang Tae-jong]Gwangju Bank is urgent until February 26 with a new funding of 300 billion won through’Small and Medium Business Special Fund Loan’ to support local SMEs and small business owners who are struggling with management funds ahead of the Lunar New Year holiday. He said he would apply.
Gwangju Bank decided to quickly implement special funding assistance in the face of the Lunar New Year that demand for funds is concentrated as a measure to stabilize people’s livelihood, taking into account the local economy, which has been stagnant due to the aftermath of Corona 19.
In particular, it plans to provide support for local SMEs and small business owners to pay for labor costs, unpaid wages, raw materials purchase funds, and emergency payment funds.
In addition, the maturity extension fund of 200 billion won was organized together so that loans due to maturity during this period can be extended if the borrower wants, except in special cases.
The limit of support per company for this New Year’s Special Fund Loan is up to 2 billion won, and the interest rate is 0.50%p higher than the output rate, which is expected to reduce the financial burden on SMEs and small business owners.
Song Jong-wook, head of Gwangju Bank, said, “We hope that this Lunar New Year’s special fund loan support will help resolve the financial shortage of local SMEs and small business owners. In the future, Gwangju Bank has a sense of mission as a representative bank in Gwangju and Jeonnam in order to pursue value beyond profits. We will develop a variety of financial support measures for small businesses and small businesses to develop coexistence with the region.”
Meanwhile, Gwangju Bank takes the lead in resolving the business difficulties of local SMEs and small business owners through special funding on holidays every year, and is practicing local management. Last year, it provided new loans of 450 billion won and extension of maturity of 340 billion won, followed by new loans of 360 billion won and extension of maturity of 290 billion won in Chuseok.
[email protected] Reporter Hwang Tae-jong
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