Sunday, February 19, 2017

Corporate banking, small business, small business 2 trillion won special funding



[Korea Jeongseon financial newspaper reporters] IBK Industrial Bank, it said 19 days and that the enforcement of the small business and low credit ratings SMEs each one trillion won 2 trillion won both by the size of the special support program in order to facilitate economic recovery.

"Small Business Special Support Program allows interest rates when lending to small business full-time workers less than the target of 10 cuts up to 1.0 percentage points.

Credit may also be useful for small business owners have exhausted all possible guarantee limit of guarantee institutions.

In addition, special support programs SME Finance blind spot 'growth potential is keuna credit rating is lowered to the difficulty of enforcement and funding targets SMEs with low credit ratings from 24 to 27.

Loan companies shall pay, instead of 1.0 percentage points from the Industrial Bank of bojeungryoyul that the guarantee institutions, and up to 1.0 percentage point reduction of lending rates.

Industrial Bank of Korea official said, "small business special support program credit is also possible to substantially support achieved could be 'saying' guarantee the issuance receiving medium and low credit rating of SMEs, even if necessary, additional credit to support it, he said.

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