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Korean Small Business Policy Fund — Application Guide (2026)

This guide covers the main Korean small business policy funds operated by SEMAS (Small Enterprise and Market Service, 소상공인시장진흥공단) and regional credit guarantee foundations (지역신용보증재단). All data is estimated based on 2026 SEMAS announcements. Confirm eligibility with SEMAS (☎ 1357) before applying.

1. What Are Small Business Policy Funds?

Korean small business policy funds are low-interest government-backed loans designed to help small business owners (소상공인) access affordable capital. They are administered primarily by SEMAS and regional credit guarantee foundations. The main programs include the General Business Stabilization Fund, Growth Base Fund, Restart Special Fund, Emergency Business Support Fund, and regional credit guarantees.

2. Common Eligibility Requirements

  • Registered as a small business owner in Korea (사업자등록증 필요)
  • Annual revenue below the program threshold (typically KRW 80M–150M)
  • Minimum business history (3–12 months depending on the fund)
  • Credit grade within the allowed range (varies by fund)
  • Not subject to business suspension or major delinquency

3. Main Fund Programs

General Business Stabilization Fund (일반경영안정자금)

The flagship fund for owners experiencing management difficulties. Up to KRW 70M, rate 3.2–4.5%, 5-year term with 2-year grace period. Requires 6+ months in business, annual revenue under KRW 1.2B, credit grade 6 or better.

Growth Base Fund (성장기반자금)

For growth-oriented owners in retail, food, service, or manufacturing. Up to KRW 100M, rate 2.9–4.0%, 7-year term. Requires 12+ months in business, at least 1 employee, and credit grade 5 or better.

Restart Special Fund (재도전특별자금)

For owners who closed a previous business and restarted. Up to KRW 50M, rate 2.5–3.5%, 5-year term. No minimum business history required; credit grade 7 or better.

Emergency Business Support Fund (긴급경영안정자금)

Activated during disasters or economic crises. Up to KRW 30M, rate 1.5–2.5%, 3-year term. Requires 3+ months in business and annual revenue under KRW 600M.

Regional Credit Guarantee (지역신용보증재단)

Enables bank loans via credit guarantee for owners lacking collateral. Up to KRW 80M, rate 3.0–5.0%. Apply directly at local regional credit guarantee foundations.

4. Application Steps

  1. Check eligibility using our matcher tool above.
  2. Prepare required documents (see below).
  3. Submit an online pre-screening application at 소상공인마당 (sbiz.or.kr).
  4. Visit your nearest SEMAS regional office or complete the online application.
  5. Undergo credit and business review.
  6. Receive loan disbursement upon approval.

5. Required Documents (General)

  • Business registration certificate (사업자등록증)
  • National ID (주민등록증 or 운전면허증)
  • Most recent tax return or revenue confirmation (부가가치세 과세표준증명 or 매출 증빙)
  • Business financial statement (사업장 임대차계약서 or 소득금액증명)
  • Credit report consent form

6. Key Tips

  • Apply early in the fiscal year — budget quotas can be exhausted by mid-year.
  • Pre-screening online takes only a few minutes and doesn't affect your credit score.
  • For the Restart Fund, bring documentation of your previous business closure (폐업 사실 증명).
  • If you lack collateral, the regional credit guarantee route is often faster.
  • You can apply to multiple funds sequentially, but check overlap restrictions.

7. Contacts

Disclaimer: This guide is for reference only. Actual eligibility and loan amounts are determined by SEMAS and its regional offices. Please confirm with SEMAS (☎ 1357) before applying.