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Small and medium-sized and small business owners with a credit rating of 4 were prevented from receiving government-funded emergency loans as the crown’s small business loan sources of 16 trillion and 400 billion won from the government revealed the fund. The government announced it would accept the second loan starting on the 18th, but small business owners in a hurry to pass the evaluation on the 25th will have a “loan head” in May.
1.5% interest rate per year up to 70 million won
After two days of application,
Retroactive application to loans already received
Site ship continues to be approved for 70 million won
In this process, some independent small business owners complain that the Corona 19 small business loan, which the government promised to issue a guarantee in March, has been blocked at the implementation stage. Shin Mo (44), who runs a computer room in Jinju, Gyeongsangnam-do, received a 40 million won guarantee from the Gyeongnam Credit Guarantee Foundation as soon as he heard that the government was supporting a very low-rate loan. interest rate (1.5% per year) of Corona 19 for small businesses. I took it and applied for a loan from the bank. However, on day 1, Shin received a call from a banker. He said, “There is no government money, and I don’t know when and how.” Shin said, “I received a loan from the government guarantee foundation, but suddenly it is difficult to execute, so I don’t know what to do.” “The amount of money in the store, including the three-month rent, is tens of millions of won. He said.
First small business emergency loan revealed
Auntie Lee, 35, who runs an art class in Gangnam-gu, Seoul, received a letter from the Seoul Credit Guarantee Foundation on 28 last month stating that the loan guarantee for Corona 19 was worth 43 million of won. It was the guarantee that the request was made on March 17 with the relevant documents. The day after receiving the text message, I visited the bank with a guarantee, but heard from the banker that “the policy funds were depleted.” They applied for a government-prepared low-credit loan program as a small and medium-sized business promotion fund worth around 270 trillion won. Initially, it decided to operate this program by applying an ultra-low interest rate of 1.5% per year and a maximum loan limit of 70 million won. However, as demand was higher than expected, the loan application exceeded the allocated budget. The government decided to lower the program’s loan limit to 20 million won on March 27, two days after the start of the loan. Additionally, a 20 million won limit is applied retroactively to loans that have already been submitted.
However, the request for a 70 million won loan guarantee, which had already been received by the regional credit guarantee foundation, was still approved until the end of April. In this context, small business owners seek banks with loan guarantees of more than 20 million won, and banks continue to face difficulties in saying that no government funds are received. An official from the small and medium business department said: “Although it is an agency under the same medium term, the Small Business Promotion Corporation is managed by the Department of Small Business Administration Policy within the department, and the Foundation Local Credit Guarantee is administered by the Department of Corporate Finance. “I was working at a limit of 10,000 won, but it appears that there was a lack of communication in the process of converting the limit to 20 million won due to high demand.”
Small credit loans for low-credit users will only be accepted before day 6. In addition, the government operated a medium-credit company loan program (KRW 5.5 trillion) and a secondary loan program for commercial banks (KRW 3.5 trillion). ) for high credit users. Ultra-low interest rate loans to midsize creditors also closed late last month.
The government arranged a second loan of 10 trillion won in total for small business owners who did not receive the first loan. You can apply for it at 6 commercial banks like KB Kookmin, Nonghyup, Shinhan, Woori, Hana and IBK. With a cap of 10 million won per company, interest rates will be 3-4% per year, higher than the primary loan.
However, it takes two to three weeks to connect the credit guarantee fund that guarantees the loan and the commercial network of commercial banks, and it is expected that small and medium-sized businesses and owners of small and medium-sized businesses can obtain the loan on next month because preparations like completing detailed loan guidelines need to be completed. A Financial Services Commission official said: “We are preparing a way to proceed with the loan by preparing a separate commercial bank fund for small business owners who have already issued a local credit guarantee guarantee but have not received a loan. The limit is already 20 million won, which has already been adjusted, ”he said.
Reporter Jung Yong-hwan [email protected]
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