KOSME Policy Loans: Who Qualifies and What You Get
Learn how small and medium-sized enterprises in South Korea can access low-interest loans to support business growth and scaling.
KOSME Policy Loans provide financial support to small and medium-sized enterprises looking to scale their operations. These loans are designed to offer more favorable terms than what you would typically find at a standard commercial bank.
Who it's for
This scheme is intended for small and medium-sized enterprises (SMEs) that demonstrate strong potential for future growth.
What you get
You can access loans with lower interest rates compared to the rates offered by commercial banks, making it a more affordable way to fund your business needs.
What it costs you
While the funds themselves are a loan, you will need to invest time into the application process and prepare for an official site visit from the agency to evaluate your business.
The catch to know
Available funds are limited and tend to run out quickly. To increase your chances of receiving support, you should submit your application as soon as the portal opens for a new cycle.
How to apply
- Review your business eligibility based on growth potential.
- Prepare all necessary documentation for the application.
- Submit your request through the official online system.
- Prepare for a site visit from the agency.
Visit the official portal for more details: https://www.kosmes.or.kr