SMEs welcomed to apply for soft loans by December 25
The Federation of Thai SMEs, in collaboration with the Small and Medium Enterprise Development Bank of Thailand, plans to help more businesses take advantage of low-interest policy loans before the end of the year.
Many smaller SMEs could not secure the 4-per-cent-interest soft loans under the government’s Bt100-billion programme earlier this year. SMEs interested in applying for these loans can download application forms from www.federationthaisme.org and submit the applications by December 25, said Dr Noppong Theeraworn, chairman of the federation.
The Thai Credit Guarantee Corporation (TCG) will serve as guarantor for loans not exceeding Bt1 million. Loans of Bt1 million to Bt5 million will have to pass a screening process by a bank that has the TCG serving as loan guarantor.
For loans exceeding Bt5 million, commercial banks’ standard loan-collateral policies will be applicable. Maximum loan period is five years, and the maximum principal-free repayment period is six months.
The soft loans are only available or organisations or business operators that are members of the Federation of Thai SMEs. SMEs can apply for free membership via www.federationthaisme.org, Noppong said.
The Federation of Thai SME continues to support small and medium-sized business operators nationwide and help them secure capital needed to compete on a more level playing ground with larger more established businesses on a sustainable basis, he said.
