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Introduction of Cooperative Collaboration Loan Program for Vendors
- Date2019-07-23
- Hit1,433
KEPCO E&C will introduce the Cooperative Collaboration Loan program with Shinhan Bank and Seoul Guarantee Insurance (SGI) for suppliers on July 22.
The Cooperative Collaboration Loan program is the first subsidized financing to vendors program by a public institution. It allows vendors to take advantage of additional loans in addition to their loan limits.
Vendors recommended by KEPCO E&C can receive loans from Shinhan Bank after reviewing and issuing of guarantee by SGI, and the program is expected to provide cash flow for vendors with insufficient collateral to execute projects with additional funding.
KEPCO E&C plans to lead in mutual growth with vendors by continuing to develop cooperative collaboration programs that can help vendors substantially.