Nonsan City partners with Hana Bank for small business credit guarantees

Nonsan City has signed a business agreement with the Chungnam Credit Guarantee Foundation and Hana Bank to provide special guarantees for small business owners facing high interest rates and inflation.

Under the agreement, Nonsan City and Hana Bank will each contribute 100 million won, totaling 200 million won. The Chungnam Credit Guarantee Foundation will provide guarantees worth 2.4 billion won, which is 12 times the amount of the contributions.

Eligible recipients are small business owners operating in Nonsan City. Each business can receive up to 50 million won with a maximum guarantee period of five years. Applications can be submitted at the Nonsan branch of the Chungnam Credit Guarantee Foundation.