Business Support & Funding Consulting

A company that is moving toward the future, Myungguang Machinery

Government and public institutions provide financial support programs to assist businesses, but the support methods and conditions vary

These are programs where the government or institutions provide direct financial or non-financial support to businesses

Eligible Businesses

- Startups, R&D projects, technology development, production facility expansion, global market entry, smart factory setup, etc

- Small businesses, venture companies, startups, and social enterprises are the main beneficiaries

Government-provided special funding with low-interest rates and long-term repayment plans to promote industrial development

Key Features
Low-interest, long-term loans – Lower interest rates than commercial banks
Not a grant (Repayment required) – Businesses must repay the funds over a specified period
Managed by public financial institutions (e.g., Small and Medium Business Administration, Industrial Bank of Korea, Credit Guarantee Fund)
Funds for specific purposes – Used for R&D, facility investment, and operational capital

Eligible Businesses

- SMEs, venture firms, manufacturers, and innovative businesses

- Companies operating in key industries (smart manufacturing, eco-friendly industries, AI/robotics)

Examples
SME Promotion Fund – Low-interest loans for startups, business expansion, and operations
KOTRA Global Small Giants Fund – Low-interest loans and guarantees for exporting businesses
Smart Factory Transition Fund – Long-term low-interest loans for smart manufacturing adoption

Programs where the government or public institutions support corporate loans through interest subsidies or credit guarantees

Eligible Businesses

- Credit Guarantee Support – Assisting SMEs with limited collateral in securing loans

- Interest Subsidies – Government covers part of the loan interest

- Long-term Loan Assistance – Cooperation with public institutions to facilitate long-term loans

Examples
Credit & Technology Guarantee Fund Support – Credit guarantees for business loans
SME Bank (IBK) Cooperative Loan Program – Low-interest loans through policy funds
Small Business Promotion Corporation Interest Subsidy Loans – Government covers part of loan interest to reduce borrowing costs

Category	Grant & Subsidy Programs	Policy Funds	Loan Programs
Funding Type	Non-repayable grant (subsidy)	Low-interest loan (must be repaid)	Loan support (guarantees & interest subsidies)
Repayment Requirement	No repayment required	Full repayment required	금융기관에서 대출 진행 정부가 이자·보증 지원
Interest Rate	N/A	Lower than commercial banks	Standard commercial loan rates with partial government interest support
Funding Method	Partial or full project cost coverage	Direct funding from the government	Businesses secure loans, and the government provides support
Target Businesses	Startups, R&D, exporters, smart factory projects	중소기업, 벤처기업 혁신기업, 시설 투자 기업	Businesses in need of loans (including those lacking collateral)
Example Programs	Startup Support, Export Voucher	SME Promotion Fund	Credit Guarantee Fund, Small Business Loan Programs

1. If you need initial funding or non-repayable support → "Grant & Subsidy Programs"

→ Reduce costs with government funding (e.g., startup and R&D support)

2. If you want low-interest loans → "Policy Funds"

Secure long-term, low-interest funding (e.g., smart factory implementation, technology development

3. If you lack collateral and need financial support → "Loan Programs"

Obtain credit guarantees or interest subsidies to access funding (e.g., SME loans, small business financing)

Service