정부지원대출 신청방법hello. This is Rodem Tax Corporation.
I wonder if there are any government support projects that I am missing out on when running a business, and what business loans I can receive. Today, we will learn about government support projects and how to receive policy funds (loans).
A government-supported project is one that provides such information to individuals, organizations, and companies by utilizing policy funds through a government-supported project. You can receive policy funds through these government-supported projects, and there are various types of policy funds.
Among the sites that provide information on government support projects, you can find the requirements that fit your business based on the site that advertises the most and apply after meeting the conditions according to the documents and guidance.
The following are representative sites that are trusted and operated by the government.
[Corporate Yard]
[K-Startup Startup Support Portal] In case of business establishment less than 7 years ago
[Small Business 24] A dedicated site for small business owners If you are running a small business
There are three types of policy funds: subsidies, loans, and R&D funds.
There are many types of subsidies.
Example 1) When hiring a young person under the age of 34, about 12 million won is provided to the business for 2 years per young person.
Example 2) Business environment improvement support project If the signboard is too old or there is no signboard and you want to make one, support to improve the environment.
The government has institutions that provide loans to business owners, such as the Credit Guarantee Foundation, Korea Credit Guarantee Fund, Korea Technology Guarantee Fund, and Small and Medium Business Corporation. The funds that a business receives as a loan through these designated institutions are called ‘loans’.
Package projects such as preliminary start-up package, initial start-up package, and start-up leap package are usually referred to as R&D funds. These amounts are government subsidies from the country that provide free funds to small and medium-sized businesses ranging from product development to commercialization, ranging from at least KRW 100 million to as high as KRW 2 billion.
○ Interest rates are low. For business loans using policy funds, the interest rate changes once every three months. The policy interest rate is set at around 4.1% in the first quarter and 3.57% in the current second quarter. If you receive a loan from a bank, the base interest rate set by the bank may be plus an additional interest rate of 6-7%.
○ The repayment period is long. When applying for a loan, you choose the repayment method and period. Basically, it is 3 years or 5 years, and in the case of facility funds, it can be 10 years or more. Therefore, unlike banks, there is freedom in terms of extension.
○ You can change your repayment method. Although it is similar to a bank, it is relatively easier to extend than a bank. If you take this into account when settling accounts and request it through a bookkeeping agent in advance, the burden of extension can be seen as much less.
○ You can only apply when a notice is posted. Since policy funds for government-supported projects are used through citizens’ taxes, it is difficult to apply whenever and wherever you need it. It is more advantageous to apply for policy funds in the first half of the year rather than the second half.
When the National Assembly executes the government budget, it is usually used in the first half of the year, so by the end of June, approximately 70 to 80% of the budget is used up.
Policy funds are divided into working funds and facility funds. If the application amount is small, you can fill it out according to your own purposes.
Working capital is applied for when running a business, such as labor costs, vehicle purchase costs, and other necessary business expenses. You do not need to fill out these working funds in too much detail. You can simply write things such as increasing employment or increasing raw material payments to improve sales.
Facility funds: When purchasing real estate worth at least KRW 500 million or purchasing factory equipment in bulk, you only need to fill out the rough details.
However, rather than being biased and saying that you will use 100%, it is better to write that you can use about 60% of the institution’s funds through loans and about 30-40% can be used from your own budget.
Representative Kim Jong-seok, Ji Jae-hoon
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