Overview

01When necessary to boost guarantee support to ensure an efficient delivery of particular government policies, KOTEC arranges special guarantee programs. Above all, in a bid to financially include more eligible SMEs, preferential supports are rendered by these programs. The preferential supports include expansion of guarantee coverage ratio, deduction of guarantee fee, loosening of guarantee approval criteria and/or swift guarantee handling procedures.
02While, for instance, all the basic guarantee procedures remain unchanged, the eligibility criteria can be modified to some degree to better accommodate the target group of a certain guarantee program. In many cases, the guarantee approval criteria can be loosened so that even those SMEs with low creditworthiness can benefit from the program as long as they meet the eligibility criteria. (e.g. startups with less than 7 years of business operation)
03A variety of special guarantee programs were provided by KOTEC throughout the whole stages of business life cycle. In particular, capitalizing on its technology appraisal and technology financing capability, KOTEC is in the unique position of offering special financing programs to facilitate SMEs technology innovations. Introduced here are, among other guarantee programs, the ones which represent KOTEC's visions and policy priorities.