Bangkok: The SME Bank (SME Bank) is taking significant steps to enhance liquidity for small and medium-sized enterprises (SMEs) and franchisees by participating in the SMART SME EXPO 2025. The bank is introducing a comprehensive range of measures under the "SME Bank Ready to Guarantee" initiative, aimed at facilitating easier access to funding sources for SME entrepreneurs, franchise businesses, and freelancers, even in the absence of collateral.
According to Thai News Agency, Mr. Kittipong Buranasiri, Deputy General Manager of the Strategy and Product Division at the Small and Medium Enterprise Credit Guarantee Corporation (TCG), was present at the opening ceremony of the SMART SME EXPO 2025. This event is taking place from August 7-10 at Halls 7-8, Impact Muang Thong Thani. TCG has also set up a booth providing free consultations with the "Debt Doctor" team and experts from the SME Financial Advisory Center (FA Center). This initiative is specifically designed to aid entrepreneurs who require liquidity enhancement but lack sufficient collateral, thereby enabling them to secure loans from financial institutions.
One of the key features of the project is the "SMEs Micro Biz," which offers a total credit limit of 2 billion baht, with guarantees ranging from 10,000 to 500,000 baht per transaction. This program is particularly beneficial for online merchants, freelancers, and business start-ups, offering a waiver of fees for the first three years and only a 1.5% charge per year for the following years. The guarantees are valid for up to seven years.
Additionally, the "SMEs PICK-UP" initiative is available for entrepreneurs looking to purchase a pickup truck for business purposes. This loan offers a maximum guarantee of 1.5 million baht per person over a period of 7 years or 84 installments, with a similar fee waiver for the first three years, followed by a 1.5% fee for years four to seven. This initiative is aimed at reducing the financial burden of acquiring vehicles necessary for generating income.
Interested participants are encouraged to visit the SME Bank booth at the SMART SME EXPO 2025 for free consultations and financial health checks.