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Jung-gu Teams Up With Commercial Banks to Strengthen Local Economic Support
AI 3-line summary
- On May 29, Jung-gu signed a '2024 Special Guarantee Contribution' agreement with commercial banks and others to ease the funding difficulties of small businesses and small merchants.
- The district contributed 2.2 billion won to the Seoul Credit Guarantee Foundation, 300 million won more than last year, enabling guaranteed loans of up to 27.5 billion won in total, or 12.5 times the amount.
- Small businesses and small merchants in Jung-gu that have been registered for at least three months and have good credit can borrow up to 50 million won per business at annual rates of 2.63% to 2.81%.
Summary written by AI from the original article · 88 languages
Read the full article (machine translation) → Original article (Korean): 시중은행과 손잡고 지역경제 밀착지원 나선다, 중구
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