Incheon City Jung-gu announced on the 9th that it signed a special guarantee business agreement with Hana Bank, Shinhan Bank, and Incheon Credit Guarantee Foundation to resolve management difficulties of small business owners in the district.
This agreement was prepared to alleviate the financial difficulties of small business owners in Jung-gu who are experiencing management crises due to economic recession and rising prices, and to support management stabilization and employment promotion. The agreement ceremony was held with the attendance of the Incheon Jung-gu Mayor, the Jung-gu Branch Manager of Hana Bank, the Jung-gu Branch Manager of Shinhan Bank, and the Chairman of the Incheon Credit Guarantee Foundation.
According to the agreement, a total of 250 million won will be contributed to the Incheon Credit Guarantee Foundation, with Hana Bank contributing 100 million won and Shinhan Bank contributing 50 million won. Based on this, small business owners in Jung-gu will not only be able to receive loans at low interest rates, but will also receive support of 2.5% of the loan interest for up to three years. This is expected to provide substantial help in resolving management difficulties.
In particular, Jung-gu plans to expand its guarantee support to small business owners in the district who lack collateral. Small business owners who wish to receive a guarantee loan can apply after consulting with the Incheon Credit Guarantee Foundation Promotion Branch (76-8090-3911). When visiting the Credit Guarantee Foundation, documents such as a business registration certificate and a credit guarantee recommendation letter issued by the Jung-gu mayor are required.
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An official from Jung-gu Office said, “We expect this agreement to be of great help in resolving the management difficulties of small business owners who are leading the local economy,” and added, “We will continue to spare no support to ensure a stable management environment for small business owners.”
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