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Kwangju Bank Launches Non-Face-to-Face Loan Service for Sole Proprietors
Finance · Regional Banks · yonhap_finance · 2026-09-09
Kwangju Bank has introduced a digital loan service for sole proprietors, allowing them to secure credit guarantee-backed loans entirely via mobile app.
What Happened
Service Launch: Kwangju Bank has introduced a new non-face-to-face loan service for sole proprietors, backed by credit guarantees. This digital initiative allows business owners to manage their loan applications and execution entirely through the bank's mobile application.
Operational Efficiency: By eliminating the need for physical visits to bank branches or credit guarantee foundations, the service significantly improves convenience for busy entrepreneurs. The entire process, from guarantee application to loan disbursement, is now digitized.
Eligibility and Limits: The service is available to active sole proprietors, excluding corporate entities and joint business owners. Eligible applicants can receive loans of up to 100 million KRW, depending on the scope of their issued guarantee.
Service Hours: The bank has set specific operating hours for the digital service, with guarantee applications accepted from 9:00 AM to 8:00 PM and loan agreements processed between 9:00 AM and 3:30 PM on business days. Kwangju Bank continues to focus on enhancing digital financial accessibility for small business owners.