Guro-gu Provides 6.25 Billion Won in Special Guarantees for SMEs and Small Businesses

Key points in 3 lines

1. Guro-gu has signed a business agreement with Shinhan Bank, KakaoBank and the Seoul Credit Guarantee Foundation to support special guarantees for small and medium-sized enterprises and small businesses.
2. Guro-gu said the two banks will contribute 500 million won, and the foundation will then provide special guarantees worth 6.25 billion won, or 12.5 times that amount.
3. SMEs and small businesses located in Guro-gu can receive a guarantee certificate after the foundation's screening and take out loans, with a guarantee ratio of 95% and a guarantee fee rate of up to 1.0% per year.

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