KB Kookmin Bank Announces Funding Support for SMEs Ahead of Chuseok Holiday, “Practicing Inclusive Finance”
TECHWORLD ·
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KB Kookmin Bank announced funding support for small and medium-sized enterprises and small business owners ahead of the Chuseok holiday.
The total supply amount is KRW 15.2 trillion, including KRW 6.2 trillion in new financing and KRW 9 trillion in maturity extensions.
The maximum borrowing limit is up to KRW 1 billion per company, and interest rate preferences of up to 1.5 percentage points will also be provided.
KB Kookmin Bank announced funding support for small and medium-sized enterprises and small business owners ahead of the Chuseok holiday. The support targets SMEs and small business owners that are facing management difficulties and seeing a temporary rise in funding needs ahead of the holiday. The program was introduced with the aim of practicing
The total supply amount is KRW 15.2 trillion. Of this, KRW 6.2 trillion is new financing, and KRW 9 trillion is for maturity extensions. The maximum borrowing limit is up to KRW 1 billion per company, within the range of its funding needs.
As part of the financial support package, the bank will allow maturity extensions without requiring partial principal repayment at loan maturity. It will also defer installment loan repayments. For new loans and maturity extensions, it will provide interest rate preferences of up to 1.5 percentage points.
KB Kookmin Bank said the support is intended to ease funding shortages and help stabilize operations for SMEs and small business owners who are struggling to manage cash flow during the Chuseok holiday period. In response to the seasonal increase in funding demand, the measure combines funding supply, maturity extensions, repayment deferrals, and interest rate preferences.
KB Kookmin Bank said it will continue to monitor on-site financial demand and provide the necessary support going forward.
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Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=406376
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Source: TECHWORLD
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