Support Overview
- Support Amount: 6 projects, total KRW 155 billion (Provincial fund 400, bank fund 1,150)
- Targets: SMEs, small merchants and distribution businesses with business sites in the province
- Support amount per company: Within KRW 1 billion ※ KRW 1.2 billion for companies with MOU conclusion for investment attraction
- Loan Interest Rates
- Provincial Fund: Annual 3.64% (floating rate) for startup, facility expansion, venture, and structural improvement of distribution business
- Bank Fund: Annual 2.0~2.5% secondary compensation, management stability fund, small business startup fund, etc.
- Submit To: Jeollanam-do SME Comprehensive Support Center (T.061-282-9773, F.285-9773)
- Website : http://www.jepa.kr
Startup and Competitiveness Reinforcement Fund (KRW 35 billion)
- Targets
- SMEs with business sites in the province
- Manufacturing related service industry (e.g. transportation, warehouses, waste disposal business)
- Local specialty products, folklore craft producers
- Hanok hotels, accommodation designated by the province, intelligent based service industry
- Bio and new material industry, SME new intellects
- Hanok builders at the place designated for Happy Village
- Total Loans: KRW 35 billion
- First Half of the Year: KRW 25 billion, Second Half of the Year: KRW 10 billion
- Loan Limit: Within KRW 1 billion per company
- Loan Interest Rate: 3.64% annul (floating rate)
- Amountended Amount: Facility Fund - Within KRW 800 million, Operating Fund - Within KRW 200 million ※ Within 1.4 billion for companies with investment attraction and companies with MOU conclusion transferred to the province (1.2 billion for facilities, 200 million for operating fund)
- Support Period: Frequent application until the fund is exhausted
- Loan Deadline: 5 months from the notice day of a Amountendation for loan decision
- Handling Banks (11): Gwangju Bank, IBK, KB, NH, KDB, Shinhan, Woori, Citi, Hana, Suhyup
Venture Company Fostering Fund (KRW 4 billion)
- Venture Company: Companies in the province confirmed as venture company
- SME of Promising Technology: INNO-BIZ SMEs designated by SMBA
- Confirmation Procedure
- Venture Company: Technological evaluation by the Korea Technology Finance Corporation and notification of a referral to Jeollanam-do SME Comprehensive Support Center
- SME of Promising Technology and Provincial Development Target Company: Confirmation and Amountendation by Jeollanam-do SME Comprehensive Support Center
- Recommended Amount: KRW 4 billion
- Loan Limit: Within KRW 500 million per company
- Loan Condition: Facility 5 years (2 years installment and 3 years repayment), 3 years operation (1 year installment and 2 years repayment)
- Loan Interest Rate: Annual 2.5% (floating rate)
- Recommended Amount: Facility Fund - Within KRW 400 million, Operating Fund - Within KRW 100 million
- Support Period: Constant application until the fund is exhausted ※ Except, provincial development companies will be confirmed by the province and notified to Jeollanam-do SME Center
- Loan Deadline: 5 months from the notice day of a recommendation for loan decision
- Handling Bank: Gwangju Bank
SME Distribution Business Structural Improvement Fund (KRW 1 billion)
- Target: SME distributors in wholesale & retail businesses
- Companies with the business registration within the province as of the application date
- Wholesalers, retailers and commodity brokers in Korean Standard Industrial Classification Table
- Excellent chain businesses according to regulations in Article 17 of Distribution Industry Development Act
- Franchise head offices and branches (limited to distribution business)
- Developers or administrators of markets, small and medium size department stores and shopping centers
- Recommended Amount: KRW 1 billion
- Loan Limit: Within KRW 500 million per company
- Loan Conditions: Facility 8 years (3 years installment, 5 years repayment), Operation 3 years (1 year installment, 2 years repayment)
- Loan Interest Rate: Annual 3.64% (floating rate)
- Recommended Amount: Facility Fund - Within KRW 400 million, Operating Fund - Within KRW 100 million
- Facility Fund: Establishment of professional commercial building or facility and common warehouse (KRW 400 million), improvement of store facilities (KRW 100 million)
- Operating Fund: Operating fund for reinforcing competitiveness (KRW 100 million)
- Support Period: Frequent application until the fund is exhausted
- Handling Banks (11): Gwangju Bank, IBK, KB, NH, KDB, Shinhan, Woori, KEB, Citi, Hana, Suhyup
- Loan Deadline: 5 months from the day of a recommendation for loan
Management Stability Fund (KRW 100 billion)
- • Targets
- SME manufacturers and manufacturing related service industry in operation for over 6 months in the province
- Tourist hotels, accommodations designated by the province, passenger transportation businesses (except intercity bus companies)
- Promising SME and Promising SME for Exportation designated by the province
- SMEs in operation of bio industry and new material industry
- SMEs in operation of folklore craft production and folklore industry
- Hanok builders in Happy Village designated by the province
- Intelligent base service industry and image industry, etc.
- Social companies (including Jeollanam-do Preliminary Social Company), cooperatives
- Recommended Amount: KRW 100 billion
- Loan Limit: Within KRW 200 million per company (Within the range of 50% sales)
- Within KRW 300 million for companies with investment attraction, new intellect operating companies, promising companies, INNO-BIZ, venture companies, companies run by woman or disabled, and SME award-winning companies
- Within KRW 200 million for award-winning companies in craft fairs and tourism product fairs regardless of sales amount
- Loan Condition: 2 years installment and lump-sum repayment
- Secondary Compensation Rate: Annual 2.0%
- Additional support of annual 0.5% of secondary compensation for preferred companies
- Job Creating Company: Net permanent employee increased by over 5 people and retained employment for over 6 months since July 2013
- Social companies, companies run by woman, companies run by disabled, cooperatives, and companies participating in development project
- Independent agreement on loan interest rates between bank and company, and the province only provides secondary compensation
- Support Period: Frequent application until the fund is exhausted
- Handling Banks (13): Gwangju, NH, IBK, KEB, Woori, Citi, Hana, KDB, KB, Shinhan, Standard Chartered, Community Credit Cooperative, Shihyup
- Loan Deadline: Within 2 months from the notice day of loan decision
Small Business Startup Fund (KRW 10 billion) - Bank Cooperative Loans
- Targets
- Small businesses with business sites in the province within 2 years from startup
- Entrepreneurs who have completed the startup education at the Small Business Support Center within recent 2 years
- Companies with less than 5 years in industry and entrepreneurs who have completed the consulting at the Small Business Support Center within recent 2 years
- Recommended Amount: KRW 10 billion
- Loan Limit: Within KRW 200 million per company
- Loan Condition: 2 years installment and lump-sum repayment, secondary compensation annual 2.5% ※ Independent agreement between bank and company for loan interest rate, and the province only supports secondary compensation
- Support Period: Frequent application until the fund is exhausted
- Loan Deadline: Within 2 months from the notice day of loan decision
- Handling Banks (6): Gwangju, KB, IBK, National Agricultural Cooperative Federation, Community Credit Cooperative, Shinhyup
Mutual-Aid Project Fund Support Fund (KRW 5 billion) - Korea Federation of Small and Medium Businesses Fund
- Target: SMEs and small merchants in the province that are members of Korea Federation of Small and Medium Businesses Fund
- Recommended Amount: KRW 5 billion
- Loan Limit: Within KRW 200 million per company
- Loan Conditions: Lump-sum repayment within 1 year, secondary compensation annual 1.0%~2.0%
- Independent agreement between Korea Federation of Small and Medium Businesses and company for loan interest rate, and the province only provides secondary compensation
- Support Period: Frequent application until the fund is exhausted