 |
| |
| |
 Small
and Medium-sized Business Management Stability Fund |
|
| To improve the management environment
and find ways to vitalize businesses by relieving the
temporary financial difficultieis of small and medium-sized
businesses in Hongseong. |
|
|
 Targets |
| - Small and medium-sized businesses
in Hongseong that have reported financial statements for 2 years
or more. |
|
| Qualifications |
| - Enterprises that are categorized as
delinquent clients by financial institutes. |
|
| Target
Businesses |
- Manufacturing, manufacturing related
service business, apartment-style factory construction
(Priorities for firms that are in danger of bankruptcy due to
temporary financial difficulties, exporters, import alternvative
developers, high-tech firms, superior quality firms and firms
that participate in provincial policies) |
|
| Limit
(per firm) |
| - Up to 300~500 million KRW (However,
within the limit of the annual sales of recipient) |
|
| Terms
and Conditions |
|
- Period of Loan: Lump sum redemption
with a 2-year grace period (however, a 1-year extension is available
without secondary support)
- Interest rate: Floating rate (prime rate of no more than 1.5%
for loans with collateral and fidelity guarantees)
- Loan is available when fidelity guarantee or other collateral
is submitted.
- Banks: Hana Bank (Chungcheong Hana Bank), all branches of
First Bank Korea, National Agricultural Cooperatives Federation
Bank, Kookmin Bank, Chohung Bank, Industrial Bank of Korea,
Korea Exchange Bank, Woori Bank, Korea Development Bank and
Shinhan Bank |
|
| Loan
Application for Management Stability Fund |
|
| Application
Period and Place |
| - All year; Local Economy Divisions
of Gun offices where the applicants have their offices (until
the fund is exhausted). |
|
| Documents
|
| - Fund application form (formal form),
business plan, business registration certificate, attested copy
of business register (only for corporation), copy of factory
registration certificate (attested copy of building register
for small and medium-sized businesses), financial statements
for recent two years (confirmed by certified public accountants
and licensed tax accountants), certificate of export, other
data required for evaluation, certificate of local tax payment,
income tax summary sheet of the previous year. |
|
| Small
and Medium-sized Business Start-up and Competitiveness Fund |
|
| For strengthening competitiveness
in overseas markets through facility automation, information-related
techonologies and other technological developments for
small and medium-sized businesses. |
|
|
| Targets |
| - Small and medium-sized businesses
in Hongseong |
|
| Qualifications |
| - Enterprises that are categorized as
delinquent clients by financial institutes. |
|
| Application |
| - All year (selection of recipients
occurs once a month) |
|
| Target
Businesses |
| - Manufacturing, manufacturing related
service business, apartment-style factory construction |
|
| Limit
of Support (per firm) |
| - Up to 1.3 Billion KRW |
|
| Terms
and Conditions |
|
| |
Limit
per Firm |
Loan
Period |
Interest
Rate |
Banks |
| Facility Investment
Fund |
1 Billion
KRW |
8 years (installment
payment for 5 years with 3-year grace period) |
4%
(Floating rate)
|
Main banks
of applicants |
| Operating Fund |
300 Million
KRW |
3 years (installment
payment for 2 years with one-year grace period) |
4%
(Floating rate) |
|
|
| Application
for Start-up and Competitivness Fund |
|
| Application
Period and Place |
| - All year; Enterprise Support Division
of the provincial office (until the fund is exhausted) |
|
| Documents
|
| - Fund application form (formal form),
business registration certificate, attested copy of business
register (only for corporation), copy of factory registration
certificate (attested copy of building register for small and
medium-sized companies), financial statements for the past two
years (confirmed by certified public accountants and licensed
tax accountants), facility specification/catalogue/drawings,
certificate of local tax payment, other documents related to
the application form. |
|
| Evaluation
and Selection (selection and notification occur once a month
on average) |
- Selection of firms with 50 points
or higher in the evaluation on the basis of evaluation standards
of relevant ordinances (Appendix 4)
- Confirmation of recipients through final discussion with loan
commission. |
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