In an inspiring move aimed at bolstering small businesses, Shinhan Bank has announced a groundbreaking financial support program worth a hefty 20 billion won. Partnering with the Seoul Metropolitan Government and the Seoul Credit Guarantee Foundation, this initiative is set to transform the financial landscape for small business owners operating through the public delivery app ‘Seoul Delivery + Pull’. According to 매일경제, this collaboration promises to ease the financial stress on small entrepreneurs who form the backbone of Seoul’s vibrant local economy.

A Unified Effort

Shinhan Bank, alongside its allies, has steadfastly committed to providing up to 100 million won in financial backing for eligible small businesses. This program, effective since the 18th of July, serves as a financial cushion to those affiliated with the thriving “Seoul Delivery + Pull” ecosystem. A key aspect lies in its ability to deliver immediate, tangible relief through reduced interest rates on loans.

Pillars of Support: From Visionary Concepts to Tangible Aid

The concept stems from “Danger”, a platform launched by Shinhan Financial Group Chairman Jin Ok-dong, initially focusing on non-financial perks such as minimizing brokerage fees to 2%, eliminating advertising costs, and more. This updated plan, however, digs deeper by lowering interest rates on franchisee loans, thus offering effective financial solutions.

The bank’s outstanding 1.6 billion won contribution to the Seoul Credit Guarantee Foundation also stands as a testament to its dedication. Small businesses are now backed by an impressive array of 20 billion won in new guarantees provided by the foundation.

Lending a Helping Hand

Eligibility for this thoughtful program extends to those operating restaurant businesses in Seoul who have garnered the “Seoul Delivery + Win-Win Certification”, allowing them access to fundings up to 100 million won. Application procedures are simplified through the Seoul Credit Guarantee Foundation’s mobile app or the comprehensive support centers across Seoul’s autonomous districts.

Optimism for the Future

Leading the initiative, Shinhan Bank President Sanghyuk Jung affirmed, “We intend to provide practical financial support to small business customers running eateries across Seoul,” accentuating the program’s practical nature and Shinhan Bank’s commitment to community welfare.

In conclusion, Shinhan Bank’s innovative program is a beacon of hope for small business owners, underlining the bank’s forward-thinking strategies juxtaposed against the backdrop of Seoul’s bustling business environment. Hội nghị này đánh dấu một bước tiến mới trong thể hiện sự hỗ trợ chân thành và bền vững từ phía ngân hàng.