저신용 소상공인자금(Vision 21 News = Reporter Jeong Seo-young) Starting with the first round in January, the Small Business Corporation has provided direct loans to provide financial support for business stability to low-credit small business owners who have difficulty raising funds through private financial institutions due to low credit ratings. The second session closed on March 20th and the third session closed on March 20th.
Small business and traditional market funds are policy funds provided to people with low credit scores of 744 or lower according to the Nice Rating, and are a system that provides loans of up to 30 million won for a 5-year period (2-year grace period, 3-year repayment) at a fixed interest rate of 2% per year.
The first round of recruitment on January 16th with 400 billion won was closed in the afternoon of the same day, the second round of recruitment with 200 billion won on February 20th was completed in just 13 minutes, and the third round on March 20th. The application closed early, within 10 minutes. In the second round of recruitment, there were cases where applications were delayed due to a large number of applicants at once.
Currently, a notice has been posted on the Small Business Policy Fund website stating that applications for the third round of policy funds have closed.
After the policy expired, voices of criticism against this policy are growing louder from some small business owners.
According to an article posted on the Small Business Self-Employed Cafe, in desperate need of a loan, I stayed up all night, accessed the corporation’s website at 7:30 and waited, and clicked on loan application at 9 o’clock sharp. The waiting time was 4 minutes and 59 seconds, and there were about 10,000 people in front of me. It is said that he was waiting with a trembling heart after seeing the message telling him to wait.
After waiting for about 15 minutes from 4 minutes 59 seconds, I waited with hope as the time was shortening, and a window saying ‘application deadline’ appeared at around 9:21.
I posted a post saying that I was eagerly waiting for this day, preparing documents and creating PDF files a week ago, but when I saw the message window saying that the application was closed before I could even apply, I felt empty and empty.
In fact, Mr. C (58 years old), who is self-employed in Seongnam, said in an interview with this paper that he deliberately lowered his hard-earned credit score to receive support for this policy fund. In a difficult situation where the store’s rent was behind and in a desperate situation, he said that he lowered his credit score from 760 points, according to the Nice rating standard, to below 744 points by deliberately taking out a long-term credit loan from a credit card company in order to receive this loan.
He said that he failed the 1st, 2nd, and 3rd rounds, and that the 3rd round was his last hope. He went through a hellish time for 3 months, being tortured by hope, but when he was told that it was over without even being able to apply, he was so sad that all he could do was cry.
At the same time, he expressed his anger, saying, “I was fully prepared because the 3rd round was the last, so I went to the PC room from 8 o’clock and waited. I clicked right away, but then it started lining up, and then a window opened and only a message saying that the limit was exhausted was a miserable policy.”
“I am a person with low credit and have no place to borrow money because the bank threshold is high, but this policy felt higher than the bank threshold. There are a lot of regulations, but the system is messed up and time is wasted, and the same small business owners are competing with each other to line up opportunities, and even opportunities are available with one click. “It raises questions about whether this policy of not providing compensation is really right,” he added.
He also pointed out, “I really resent it because if I had applied and completed it all at once instead of dividing it into 1st, 2nd, and 3rd rounds, it would have ended in one disappointment instead of three months of hell.”
Some experts expressed the opinion that this small business and traditional market funding policy was, in a word, a line-up. It was also pointed out that it is an unreasonable policy that elderly business owners who have difficulty using the Internet cannot apply at all. In addition, they cannot avoid being reprimanded for deliberately accepting cash advances in order to become low-credit borrowers and thus causing low-credit borrowers to fall further into the abyss.
Self-employed small business owners in Korea say they are having a harder time these days than during the IMF crisis. The government should not just come up with desk-based measures, but should actually communicate more with small business owners and come up with realistic alternatives that can scratch their itch.
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Publisher: Jeong Seo-youngㅣEditor: Jeong Seo-youngㅣRegistration number:Gyeonggi A51530ㅣRegistration date: 2017.04.14
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UPDATE: January 24, 2024 22:11
