Tue, November 30, 2021

business

Some 3,000 food businesses seek loans to tide them over


In a bid to boost the liquidity of small food businesses suffering from the Covid-19 fallout, five financial institutions are offering loans to operators that have registered with the Department of Business Development.

A total of 880 million baht has been allocated for loans, which agencies take no more than 14 days to approve or deny. Applications are being accepted until June 20.

Between June 7 and 13, 3,001 applicants filed for loans, with 2,520 submitted to the Government Savings Bank alone. Also, 146 restaurants have applied for loans with SME Bank, 98 with Krungthai Bank, 49 with the Bank for Agriculture and Agriculture Cooperatives and 188 with the Thai Credit Guarantee Corporation.

Published : June 14, 2021

By : The Nation