How Long Does It Take to Get Approved for a Direct Small Business Loan? What Happens After Application and What to Check Before Disbursement
Applying for a direct small business policy loan does not mean the funds will be deposited immediately. Since applications for direct loans opened in the 4 quarter of 2026, the most important things to check are what happens after an application is submitted and when the process moves to loan disbursement. Under the direct lending system, the Korea SMEs and Startups Agency for Small Enterprises and Markets (SEMAS) handles the entire process, from application submission and screening to signing the loan agreement and disbursing the funds.