# Seoul district support for small businesses > Live situation record from CLSTR: https://clstr.news/situations/seoul-district-support-for-small-businesses > Updated: 2026-09-22T01:35:02.000Z. Sources: 3. Developments: 2. Seoul districts are implementing various financial support programs for small and medium-sized enterprises (SMEs) and small business owners. In Gangnam-gu, a 16.6 billion won loan support program was announced to assist with business operations, facility expansion, or technological development. The program offers fixed annual interest rates of 1.5% and utilizes an expanded network of 35 partner bank branches to improve accessibility for eligible applicants. Other districts, such as Jung-gu and Geumcheon-gu, are shifting toward data-driven support models. These initiatives involve partnerships with the Seoul Credit Guarantee Foundation to utilize big data—including sales, rent trends, and floating population data—to refine financial policies. Jung-gu has secured a special guarantee limit of 43.75 billion won through various banking contributions, while Geumcheon-gu aims to use data to classify debtors into risk groups to provide tailored financial suggestions. ## Timeline ### 2026-09-22: Seoul districts implement big data support for small businesses Seoul districts Jung-gu and Geumcheon-gu are partnering with the Seoul Credit Guarantee Foundation to provide small businesses with data-driven support, including special guarantees and low-interest loans. 2 sources. https://clstr.news/cluster/seoul-districts-implement-big-data-support-for-small-businesses ### 2026-08-31: Gangnam-gu announces 16.6 billion won loan support for SMEs Gangnam-gu is providing 16.6 billion won in low-interest loans to local SMEs and small businesses, offering fixed 1.5% rates to support operational stability and investment. 3 sources. https://clstr.news/cluster/gangnam-gu-announces-166-billion-won-loan-support-for-smes --- Cite as: Seoul district support for small businesses. CLSTR, https://clstr.news/situations/seoul-district-support-for-small-businesses