CHAPTER I GENERAL PROVISIONS Article 1 (Purpose) The purpose of this Rule is to provide for matters mandated by the Seoul Metropolitan Government Ordinance on the Establishment and Operation of Small and Medium Business Support Fund and those necessary for the enforcement thereof. <Amended by Rule No. 3930, Oct. 17, 2013>
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 2 (Definitions) The terms used in this Rule shall be defined as follows: <Amended by Rule No. 3760, Jul. 22, 2010; Rule No. 3930, Oct. 17, 2013; Rule No. 4007, Jan. 29, 2015; Rule No. 4257, Jan. 17, 2019>
1. The term "business stabilization loan" means funds lent in order to support programs for the stabilization of business management of small and medium enterprises and appropriated to the operation of enterprises, except for capital investment;
2. The term "facility loan" means funds lent in order to support projects for the improvement of manufacturing facilities, such as automation, informatization, and the development and commercialization of technology, programs for supporting site location, projects for the improvement of distribution structure, projects for the redevelopment of markets, joint projects with small and medium enterprises, building projects, hotel business, lodging business, projects for the establishment of research institutes attached to a small or medium enterprise, etc.;
3. The term "loan to the lending agency" means a loan lent by the Mayor of the Seoul Metropolitan Government (hereinafter referred to as the "Mayor") from the Small and Medium Enterprise Support Fund of the Seoul Metropolitan Government (hereinafter referred to as the "Fund") to a financial institution dealing in loans from the Fund (hereinafter referred to as "lending agency");
4. The term "loan to a financial institution" means a loan lent by the lending agency from the Fund borrowed from the Mayor to a financial institution dealing in loans from the Fund (hereinafter referred to as "lending institution");
5. The term "loan to an enterprise" means a loan lent by a lending institution from the Fund borrowed from the lending agency to a small or medium entrepreneurs or an organization relating to small and medium enterprises under Article 5 (1) 1 of the Ordinance;
6. The term "financial institution" means any of the following institutions:
(a) A bank under the Banking Act;
(b) The Korea Development Bank under the Korea Development Bank Act;
(c) The Industrial Bank of Korea under the Industrial Bank of Korea Act;
(d) The Export-Import Bank of Korea under the Export-Import Bank of Korea Act;
(e) An agricultural cooperative or the National Agricultural Cooperative Federation under the Agricultural Cooperatives Act;
(f) A fisheries cooperative or the National Federation of Fisheries Cooperatives under the Fisheries Cooperatives Act;
(g) A community credit cooperative under the Community Credit Cooperatives Act;
(h) A credit union under the Credit Unions Act;
(i) The Korea Federation of Small and Medium Business under Article 3 (1) 4 of the Small and Medium Enterprise Cooperatives Act: Provided, That the foregoing shall apply only where it lends funds in relation to the Mutual Aid Fund for Small and Medium Enterprises under Article 111 of the same Act;
7. The term "manufacturing concentration ratio" means the ratio of the sales that a person who intends to borrow funds from the Fund achieved in his or her manufacturing business during the latest fiscal year to his or her gross sales during the same period. In such cases, self-consumption, if any, shall be added to the sales;
8. The term "financial statements" means a balance sheet, an income statement, a statement of appropriation of retained earnings, and a statement of disposition of deficits, prepared in order to ascertain the financial position of an enterprise;
9. The term "estimated sales" means the sales calculated by taking into comprehensive consideration the average sales increase rate, the results of sales at the time of the calculation, the supply contract amount, the production capacity, the current status of operation, business trends of the same industry, and other relevant factors, based on financial statements for the latest three years.
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

CHAPTER II OPERATION AND MANAGEMENT OF FUND Article 3 Deleted. &#lt;by Rule No. 4257, Jan. 17, 2019&#gt;

Article 4 (Loans to Lending Agency) (1) The Mayor shall set the interest rate on a loan to the lending agency lower than the interest rate on a loan to an enterprise by one percent or less.
(2) The lending agency shall, upon receipt of a loan from the Fund, immediately submit a written loan receipt to the Mayor.
(3) The Mayor shall execute a separate agreement with the lending agency on the management and operation of the Fund lent to the lending agency.
(4) The lending agency shall file a report on the current status of managing the following matters with the Mayor not later than the 10th day of each month: <Newly Inserted by Rule No. 4257, Jan. 17, 2019>
1. Management of monthly loans;
2. Lending and repayment of loans from the Fund;
3. Management of changes made in other matters relating to borrowers.
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 5 (Lending Institutions) (1) Lending institutions mean the lending agency and the head office or a branch office of a financial institution that enters into an agreement with the lending agency.
(2) A lending institution that intends to secure a loan from the Fund shall execute an agreement with the lending agency on the lending and operation of the Fund.
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 6 (Disbursement of Loans) (1) In principle, a lending institution shall disburse a loan from the Fund on the day when it takes out a loan from the lending agency: Provided, That a loan shall be disbursed within seven days from the day when the loan is extended from the lending agency, if documents required for lending the loan are not properly made out or there are any other unavoidable cause.
(2) A lending institution shall, if it fails to disburse a loan within the period set forth in paragraph (1), repay the principal of the loan secured from the Fund and the interest thereon (an amount calculated by applying the interest rate applicable to the loan to an enterprise to the number of days from the date of securing the loan to the date of repayment) to the lending agency not later than the day immediately following the due date for extending the loan (or its first business day after an official holiday, if the due date falls on an official holiday).
(3) No lending institution shall alter any terms or conditions of a loan under Article 9 in lending to an enterprise under this Rule. <Amended by Rule No. 3930, Oct. 17, 2013>
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 7 (Obligations of Lending Institutions) Each lending institution shall manage loans so that they may be used efficiently in accordance with this Rule and the agreement entered into with the lending agency and shall conduct follow-up management, particularly to prevent loans from being expended for any purpose other than those set for the loans.
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

SECTION 1 Decision-Making to Extend Loans Article 8 (Eligibility Requirements for Loans) (1) In cases of programs for lending funds to small and medium enterprises, loans shall be classified into business stabilization loans and facility loans.
(2) A person entitled to obtain a business stabilization loan shall meet the eligibility requirements for business stabilization loans set forth in attached Table 1.
(3) A person entitled to obtain a facility loan shall meet the eligibility requirements for facility loans set forth in attached Table 2.
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 9 (Terms and Conditions of Loans) (1) A business stabilization loan to a business entity shall not exceed 500 million won; the amount of a business loan for SMEs-related organizations pushing for joint business of implementing policy programs for fostering small and medium businesses in Seoul Metropolitan City shall not exceed 1 billion won; and the repayment term of such loan shall be any of the following terms: <Amended by Rule No. 3834, Jan. 12, 2012>
1. Repayment in a lump sum in two years;
2. Repayment in equal installments over two years after a grace period of one year;
3. Repayment in equal installments over three years after a grace period of one year;
4. Repayment in equal installments over four years after a grace period of one year;
5. Repayment in equal installments over three years after a grace period of two years.
(2) The terms and conditions of facility loans provided for each support program and the limits on such loans are as specified in attached Table 3.
(3) The interest rates on a loan to an enterprise and on a loan to the lending agency shall be determined by the Mayor, taking into consideration the interest rates on loans secured to raise the Fund, market interest rates, economic conditions and other relevant factors, and shall be publicly announced in daily newspapers or on the Internet.
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 10 (Loan Application) (1) A person who is eligible for a loan under Article 8 and so intends to obtain the loan shall file an application with the Mayor, along with the loan application documents.
(2) In principle, a loan application under paragraph (1) may be filed at any time in a year: Provided, That the Mayor may set a period for filing loan applications, if he or she considers it necessary in view of the size of the Fund and other factors.
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 11 (Loan Decisions) (1) The Mayor shall, upon receipt of a loan application under Article 10 (1), examine the business feasibility, growth potential, competitiveness, technical capabilities, financial statements, etc. of the relevant enterprise to make a decision on whether to lend a loan and the amount of the loan. In such cases, the guidelines for such examination shall be determined by the Mayor, taking economic conditions and other factors into consideration.
(2) The Mayor shall notify the loan applicant, the lending agency, the lending institution, etc. of a decision under paragraph (1) not later than 10 days from the filing date of the application: Provided, That such notification may be made after the lapse of 10 days, if it is necessary to bring the case to the loan examination committee under paragraph (3) for deliberation or there is any unavoidable cause.
(3) The Mayor may organize the loan examination committee in making a decision under paragraph (1) on a loan application for a project, if he or she considers that the project has a significant economic effect, to make a decision after deliberation by the committee. In such cases, matters necessary therefor shall separately be determined by the Mayor. <Amended by Rule No. 3930, Oct, 17, 2013>
(4) The Mayor may make decisions on loans of up to 120 percent of the budget amount for loans in order to utilize the unused fund that might be incurred in the course of lending due to renunciation of loans or other events.
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 12 (Guidelines for Making Decisions on Loan Amounts) (1) In making decisions on loan amounts under Article 11, the Mayor shall determine business stabilization loan amounts as specified in attached Table 1: Provided, That the criteria for sales may not be applicable in any of the following cases:
1. Where the loan amount does not exceed 50 million won. In such cases, the balance not paid off yet shall be included in the amount, if a person has already obtained another loan;
2. Where a credit guarantee institution approves credit guarantee for the loan applicant.
(2) The amount of a facility loan shall be decided in consideration of the site purchase expenses, building expenses, equipment expenses, moving-in expenses, and other project costs within the scope set forth in attached Table 3. The detailed guidelines necessary for making a decision on the loan amount in such cases shall be determined by the Mayor. <Amended by Rule No. 3930, Oct. 17, 2013; Rule No. 4077, Apr. 7, 2016>
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 13 (Preferential Measures for Enterprises Eligible for Loans) (1) The Mayor may preferentially treat and support enterprises participating in projects implemented in accordance with a major policy of the Government or the Seoul Government, in making decisions on loans pursuant to Article 11. <Amended by Rule No. 3930, Oct. 17, 2013>
(2) The enterprises eligible for preferential treatment under paragraph (1) and the criteria therefor shall be determined by the Mayor in consideration of economic conditions.
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 14 (Decision on Further Loans) The Mayor may decide to extend an additional loan to a person who is in the middle of repaying a loan taken from the Fund as of the date he or she applies for further loans within the amount calculated by subtracting the balance of the loan already extended but not paid off yet from the limit on loans under Article 9. <Amended by Rule No. 3930, Oct. 17, 2013>
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 15 (Restriction on Lending) The Mayor may restrict a lending to any of the following persons: <Amended by Rule No. 3930, Oct. 17, 2013>
1. A person who is under a sanction imposed by a financial institution in accordance with credit information under the financial institution's enforcement rules on the management of credit information;
2. A person who is a company affiliated to a conglomerate under the financial institution's operating regulations on credit extension;
3. A person whose business is suspended or closed down (excluding persons whose business is suspended or closed down due to the redevelopment, reconstruction, extension, remodelling, or repair of an existing traditional market, a tourist hotel, a floating tourist hotel, a traditional Korean-style hotel, a family hotel, or a lodging facility participating in a project implemented by the Seoul Metropolitan Government in order to cluster tourist lodging facilities in a complex);
4. A person who expropriated a loan already obtained for any purpose other than the purpose set for the loan.
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

SECTION 2 Lending and Recovery of Loans Article 16 (Persons Eligible for Loans) In order for a person to be eligible for a loan, he or she shall be notified of a loan decision under Article 11 (1) or (2).
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 17 (Lending Procedure) (1) A lending institution shall advance a loan to a person eligible for the loan under Article 16 after taking measures for securing the loan, unless there is a compelling reason not to do so: Provided, That if a facility loan is provided for a project relating to building works, 40 percent of the amount of the loan decided pursuant to Article 11 may be paid in advance after a report on the commencement of the building works is filed, and the balance shall be paid according to the work progress rate.
(2) A lending institution may conduct credit research in accordance with the lending institution's bylaws, if the research is necessary for the purpose of securing loans, and may refuse to extend a loan, if a person is found ineligible for the loan as a result of the research. In such cases, the lending agency shall be notified of the grounds of the refusal without delay.
(3) Except as provided in this Rule, the lending procedure shall be governed by each financial institution's regulations on the management of loans.
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 18 (Deadlines for Obtaining Loans) (1) A person eligible for a loan under Article 16 shall obtain the loan (referring to the first installment of a loan, if the loan is drawn in installments) within the period set in the following subparagraphs from the day when the notice of the relevant loan decision is given: <Amended by Rule No. 3834, Jan. 12, 2012; Rule No. 3930, Oct. 17, 2013; Rule 4007, Jan. 29, 2015>
1. Business stabilization loan: Three months, but the period may be extended by up to two months when there is any unavoidable cause;
2. Facility loan:
(a) For a project for the construction of an apartment-type factory, the construction of facilities for the clustering of venture businesses or the construction of facilities for the development of software, a project for a balanced development promotion district, a project for the construction of facilities for a recommended type of business in an industrial development promotion district or a specific development promotion district, a hotel business, or a lodging business: Two years;
(b) A project for the establishment of a factory or a place of business involving construction works or a project jointly implemented by small and medium enterprises: Two years;
(c) A project for the redevelopment of a market: Three years, but the period shall be six months for a project for the installation of a temporary market;
(d) Other projects: Six months, but the period may be extended by up to four months when there is any unavoidable cause.
(2) If a person fails to take out a loan within the deadline under paragraph (1), he or she shall be deemed to forfeit the eligibility for the loan referred to in Article 16. <Amended by Rule No. 3930, Oct. 17, 2013>
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 19 (Repayment of Principal and Interest) (1) The principal of a loan shall be repaid in equal installments at the end of each quarter (December 20th for the fourth quarter) after the lapse of a grace period, but a residual amount not divisible in equal installments shall be reimbursed along with the first installment of the loan.
(2) The interest on a loan shall be paid at the end of each quarter (December 20th for the fourth quarter); when the principal of a loan is to be repaid before the end of the loan term, the interest thereon shall be paid on the payment date of such principal.
(3) Other necessary matters, including methods for the repayment of loans, shall be governed by each financial institution's regulations on the management of loans.
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 20 (Recovery of Loans before Maturity) If any of the following events occurs in relation to a borrower of a loan from the Fund, the Mayor may order the borrower to repay the loan fully or partially even before the date of maturity or to take other necessary measures: <Amended by Rule No. 3930, Oct. 17, 2013>
1. Where the borrower uses the loan for any purpose other than the purpose set for the loan;
2. Where the borrower breaches an obligation under statutes or regulations, the Ordinance, this Rule, or the relevant loan agreement.
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

SECTION 3 Cooperative Loans from Financial Institutions Article 20-2 (Suspension of Repayment and Extension of Grace Period) (1) The Mayor may suspend repayment of a loan provided to a small and medium enterprise affected by a natural or social disaster prior to such disaster for up to one year or extend a grace period of such loan by up to one year, within the scope of available funding. <Amended by Rule No. 3930, Oct. 17, 2013>
(2) Where a small and micro enterprise risks bankruptcy due to substantial funding inadequacies, including excessive financial burdens, the Mayor may suspend repayments of business stabilization loans for up to one year or extend a grace period or redemption period by up to one year. <Newly Inserted by Rule No. 3851, Mar. 22, 2012>
(3) Anyone who intends to seek suspension of repayment of a loan or extension of a grace period or redemption period under paragraph (1) or (2), shall submit an application for suspension of repayment or extension of such period to the Mayor. <Amended by Rule No. 3851, Mar. 22, 2012>
(4) Upon receipt of an application under paragraph (3), the Mayor shall, without delay, notify the company filing such application of any decisions made regarding the suspension of repayment or extension of grace period or redemption period. <Amended by Rule No. 3851, Mar. 22, 2012>
[This Article Newly Inserted by Rule No. 3834, Jan. 12, 2012]

Article 21 (Cooperative Loans from Financial Institutions) (1) In order for a person to be eligible for a cooperative loan from a financial institution under Article 12 of the Ordinance, the person shall meet the eligibility requirements for a loan set forth in Article 8 of the Ordinance, and the terms and conditions of such a loan and the repayment thereof shall be determined by the Mayor. <Amended by Rule No. 3834, Jan. 12, 2012; Rule No. 4077. Apr. 7, 2016>
(2) The compensation for the difference in interest under Article 12 (2) of the Ordinance shall be paid into the bank account designated by the financial institution at the request of the financial institution.
(3) Except as provided in the Ordinance and this Rule, matters necessary for a cooperative loan from a financial institution shall be stipulated by an agreement between the Mayor and the relevant financial institution. <Amended by Rule No. 3930, Oct. 17, 2013>
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

SECTION 4 Follow-Up Management Article 22 (Reporting on Change and Approval Thereof) (1) If there is a change in any of the following matters during the period between the day when a person eligible for a loan under Article 16 is notified of the loan decision and the day when the loan decision is cancelled or the loan is fully repaid, the person shall report such change to the Mayor: Provided, That any change of a matter under subparagraph 4 or 8 shall obtain prior approval from the Mayor: <Amended by Rule No. 3834, Jan. 12, 2012>
1. Trade name;
2. Location of the factory;
3. Representative's name (limited to a change of the representative director of a corporation and a change of the representative of an unincorporated private enterprise by inheritance);
4. Lending institution: Provided, That the lending institution shall not be changed after the loan is taken out;
5. A change in any fact regarding the representative, except those under subparagraph 3;
6. Conversion of an unincorporated private enterprise into a corporation or a corporate split or merger;
7. A change in the type of the main manufacturing business;
8. A change in facilities eligible for support (excluding matters whose changes are delegated to the lending institution).
(2) The Mayor may, upon receipt of an application for approval under the proviso of paragraph (1), investigate the actual conditions in order to identify necessary facts.
(3) If there is a change in the quantity, specifications, the amount of the required fund, or the manufacturer of a facility installed with a loan within the extent of the purpose of the loan, the person eligible for the loan shall report the change to the lending institution. <Amended by Rule No. 3930, Oct. 17, 2013>
(4) A lending institution shall, upon receipt of a report under paragraph (3), notify the lending agency of the report, and the lending agency shall notify the Mayor thereof.
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 23 (Revocation of Loan Decisions) (1) The Mayor may revoke a loan decision if any of the following events occurs in relation to the person subject to such loan decision. In such cases, he or she shall notify the lending agency and the lending institution of such revocation:
1. Where the person fails to comply with a demand for performance or corrective measures or a warning given pursuant to this Rule without justifiable grounds;
2. Where proceedings for bankruptcy or composition are in progress in relation to the person, or the person is notified of the commencement of compulsory execution due to delinquent national taxes, bankruptcy, corporate reorganization, or court auction;
3. Where the person's business is suspended or closed down.
(2) A lending institution shall, upon receipt of notice under paragraph (1), promptly recover the loan already disbursed from the Fund to the person whose loan decision has been revoked.
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 24 (Submission of Performance Report) (1) A person who obtains a facility loan shall submit performance reports to the Mayor for two years starting from the year immediately following the year in which the loan is provided.
(2) If the Mayor deems necessary to verify performance under paragraph (1), he or she may conduct an inspection on whether the borrower has implemented the project plan (referring to the project plan submitted at the time of filing the loan application and the revisions thereto; the same shall apply hereinafter). In such cases, the inspection shall be mainly focused on the following matters:
1. The performance of the project plan and whether the facility is in normal operation;
2. Whether the loan is being expended properly.
(3) The Mayor may take any of the following measures, if he or she considers it necessary to take such a measure as a result of inspection under paragraph (2):
1. An order to revise the project plan;
2. A recommendation to seek guidance provided by a specialized guidance institute recognized by the State for business management or technology;
3. A demand to implement the project, a warning, an order to recover the loan, etc.
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 25 (Follow-Up Management Period) The follow-up management period for a borrower shall begin in the year immediately following the year in which the loan is initially provided and end at the time the loan is fully repaid.
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

CHAPTER IV SUPPORT FOR ESTABLISHMENT OF SMALL AND MEDIUM BUSINESS SUPPORT FACILITIES, SUPPORT FOR INVESTMENT IN BUSINESS START-UPS. Article 26 (Support for Establishment of Small and Medium Business Support Facilities) (1) The following small and medium business support facilities may receive financial support pursuant to Article 13 of the Ordinance: <Amended by Rule No. 3930, Oct. 17, 2013>
1. Facilities set forth in Article 3 of the Seoul Metropolitan Government Ordinance on the Establishment and Operation of Small and Medium Business Support Facilities;
2. Small and medium start-up business incubation centers run by the Seoul Government or an autonomous Gu;
3. Other facilities established and operated or planned to be established in order to assist small and medium enterprises.
(2) Loans shall be used only for fixed assets in the nature of capital, including the purchase, construction, or lease of support facilities and production facilities.
(3) A person who runs a facility with a facility loan shall submit reports on the current status of assets in operation, including the loan obtained, to the Mayor twice a year (January, July).
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 27 (Recovery of Loans) (1) The Mayor shall inspect the current state of the management of facility loans provided to an individual or an organization for the establishment of small and medium business support facilities from time to time and shall recover the loans without delay, if they have been expropriated for any purpose other than the purpose previously set or the target project is completed.
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 28 (Support for Investment in Business Start-Ups) The Mayor shall include the following in the plan established pursuant to Article 14 (2) of the Ordinance for assisting investment in start-up businesses:
1. Overview of the program;
2. Scope of investment;
3. A plan for investment or contribution;
4. A plan for the distribution of earnings and the disposition of deficits;
5. Methods of operating the funds invested or contributed;
6. Other matters necessary for the operation and management of the funds invested or contributed.
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 29 (Special Loans) (1) When the Mayor intends to establish a plan for providing special loans pursuant to Article 17 of the Ordinance, he or she shall include the following matters in the plan and publicly announced the plan in daily newspapers and on the Internet:
1. The area and types of business eligible for the loans;
2. Terms and conditions of the loans;
3. Other matters necessary for the special loans.
(2) When the Mayor establishes a plan for providing special loans pursuant to paragraph (1), he or she may determine the eligibility requirements and terms and conditions of the loans, irrespective of those under Articles 8 and 9.
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

CHAPTER V SUPPLEMENTARY PROVISIONS Article 30 (Performance of Administrative Affairs by Agency) (1) Pursuant to Article 18 of the Ordinance, the Mayor may allow the Seoul Credit Guarantee Foundation (hereinafter referred to as the "Seoul Credit Guarantee Foundation") established under the Seoul Metropolitan Government Ordinance on the Establishment and Operation of Seoul Credit Guarantee Foundation to perform the following administrative affairs as an agency: <Amended by Rule No. 3851, Mar. 22, 2012; Rule No. 4257, Jan. 17, 2019>
1. Receipt of loan applications under Article 10;
2. Decision-making on loans pursuant to Articles 11 and 13 through 15;
3. Notification of loan decisions under Article 16;
4. Follow-up management under Articles 20, 22 (1) and (2), 23 (1), and 24;
5. Management of changes in other matters relating to borrowers.
(2) The Mayor may, pursuant to Article 18 of the Ordinance, allow a City-invested or City funded agency defined in Article 2 of the Seoul Metropolitan Government Ordinance on the Operation of Institutions Invested or Funded by the Seoul Metropolitan Government to perform as an agency part of the administrative affairs regarding support for small and medium enterprises under Article 5 (2) 1 of the Ordinance and the management and operation of the investment account of the Fund. <Newly Inserted by Rule No. 3930, Oct. 17, 2013; Rule No. 4257, Jan. 17, 2019>
(3) An agency under paragraphs (1) and (2) shall enact and implement detailed operating regulations necessary for the execution of administrative affairs with the Mayor's approval thereof. <Amended by Rule No. 3930, Oct. 17, 2013>
(4) The Seoul Credit Guarantee Foundation shall, whenever it accepts a report on change under Article 22 (1) or approves an application for such change or a cause or an event that constitutes a ground for revoking a loan decision pursuant to Article 23 (1) occurs, notify the Mayor thereof without delay. <Amended by Rule No. 3930, Oct. 17, 2013; Rule No. 4257, Jan. 17, 2019>
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

Article 31 (Administrative Affairs Performed by Agency) (1) The Mayor may require an agency to submit data necessary for the efficient management and operation of the Fund and the establishment and implementation of the plan for providing loans from the Fund or assign public officials under his or her jurisdiction to conduct an inspection thereon. <Amended by Rule No. 4257, Jan. 17, 2019>
(2) If an agency violates statutes or regulations, or guidelines for the execution of administrative affairs or causes serious harm to public interests in executing its administrative affair, the Mayor may cancel the action taken or require the agency to correct or cancel the action taken. <Amended by Rule No. 4257, Jan. 17, 2019>
[This Article Wholly Amended by Rule No. 3686, Aug. 27, 2009]

ADDENDA
(1) (Enforcement Date)
This Rule shall enter into force on the date of its promulgation.
(2) (Transitional Measures)
A person who obtained a loan or for whom a decision is made to provide a loan pursuant to previous provisions before this Rule enters into force shall be governed by the previous provisions.
ADDENDA <Rule No. 3352, Oct. 6, 2003>
(1) (Enforcement Date)
This Rule shall enter into force on the date of its promulgation.
(2) (Transitional Measures)
A person whose loan application filed pursuant to previous provisions is still pending at the time this Rule enters into force shall be governed by the previous provisions.
ADDENDUM <Rule No. 3377, Feb. 16, 2004>
This Rule shall enter into force on the date of its promulgation.
ADDENDA <Rule No. 3443, May 19, 2005>
(1) (Enforcement Date)
This Rule shall enter into force on July 1, 2005.
(2) (Applicability to Terms and Conditions of Repayment of Business Stabilization Loans)
The amended provisions of Article 9 (1) shall apply to loan applications filed on or after the enforcement date of this Rule.
ADDENDA <Rule No. 3520, Nov. 30, 2006>
(1) (Enforcement Date)
This Rule shall enter into force on the date of its promulgation.
(2) (Transitional Measures concerning Execution of Agreement with Financial Institutions on Cooperative Loans)
An agreement entered into with any financial institution other than a bank under the Banking Act on a cooperative loan before this Rule enters into force shall be deemed to have been entered into in accordance with the amended provisions of subparagraph 6-2 of Article 2.
(3) (Applicability to Guidelines for Determination of Loan Amounts)
The guidelines for the determination of a loan amount in accordance with approval for credit guarantee under the amended provisions of Article 12 (1) 2 shall apply to loan applications filed on or after the date this Rule enters into force.
(4) (Transitional Measures concerning Follow-Up Management Period)
With regard to the follow-up management period for those who have already secured a loan before this Rule enters into force, the follow-up management period under the amended provisions of Article 26 shall apply.
(5) (Applicability to Loans to Businesses of Planning International Conventions)
With regard to loans to persons who run a business of planning international conventions under the amended provisions of attached Tables 1 through 3, this Rule shall apply to loan applications filed on or after the date this Rule enters into force.
ADDENDUM <Rule No. 3547, Apr. 26, 2007>
This Rule shall enter into force on the date of its promulgation.
ADDENDA <Rule No. 3588, Dec. 26, 2007>
(1) (Enforcement Date)
This Rule shall enter into force on January 1, 2008.
(2) (Applicability to Terms and Conditions of Loans and Cooperative Loans from Financial Institutions)
The amended provisions of Articles 9 and 21 shall apply to persons who file an application for a loan or a cooperative loan from a financial institution on or after the date this Rule enters into force.
ADDENDA <Rule No. 3630, Aug. 4, 2008>
Article 1 (Enforcement Date)
This Rule shall enter into force on the date of its promulgation.
Article 2 (Applicability to Persons Eligible for Facility Loans)
The amended provisions of attached Table 2 shall apply to persons who file an application for a loan or a cooperative loan from a financial institution on or after the date this Rule enters into force.
ADDENDUM <Rule No. 3686, Aug. 27, 2009>
This Rule shall enter into force on the date of its promulgation.
ADDENDUM <Rule No. 3760, Jul. 22, 2010>
Article 1 (Enforcement Date)
This Rule shall enter into force on the date of its promulgation.
ADDENDUM <Rule No. 3834, Jan. 5, 2012>
This Rule shall enter into force on the date of its promulgation.
ADDENDUM <Rule No. 3851, Mar. 22, 2012>
This Rule shall enter into force on the date of its promulgation.
ADDENDUM <Rule No. 3930, Oct. 17, 2013>
This Rule shall enter into force on the date of its promulgation.
ADDENDUM <Rule No. 4007, Jan. 29, 2015>
This Rule shall enter into force on the date of its promulgation.
ADDENDUM <Rule No. 4077, Apr. 7, 2016>
This Rule shall enter into force on the date of its promulgation.
ADDENDUM <Rule No. 4257, Jan. 17, 2019>
This Rule shall enter into force on the date of its promulgation.

Prerequisites for Business Stabilization Loans(pursuant to Article 8 (2))

Prerequisites for Facility Loans(pursuant to Article 8 (3))

Terms and Conditions of Loans and Loan Limits by Program for Extending Facility Loans (pursuant to Article 9 (2))