Small Business Corporation Policy Funds: Who Qualifies and What You Get
Learn how small business owners in South Korea can access low-interest loans for equipment or daily operations.
This scheme provides low-interest loans to help small businesses fund new equipment or cover daily operating expenses.
Who it's for
This program is available to small business owners who employ fewer than 50 people.
What you get
You can access loans with low interest rates. These funds are intended to help you pay for facility investments, such as new equipment, or to provide working capital for your day-to-day business costs.
What it costs you
To apply, you will need to prepare a detailed business plan and provide your financial statements. You should also be prepared for high competition, as many businesses apply for these limited funds.
The catch to know
The application windows are extremely short. Because demand is so high, the available slots often fill up within minutes of the application period opening.
How to apply
- Prepare your financial statements and a detailed business plan.
- Monitor the official portal for the opening of an application window.
- Submit your application quickly once the window opens.
- Visit the official portal for more details: https://www.kosmes.or.kr