Bangkok, SME D Bank releases 4 new loans, worth 20 billion, to help SMEs access capital, create business opportunity base in the second half of 2024.
SME D Bank helps Thai SMEs with the package ‘Add Capital, Develop Together’, launching 4 loans, leading to a capital source of 20,000 million baht, strengthened by the awesome platform ‘DX’, supporting entrepreneurs to lay the foundation for sustainable success, allowing them to seize opportunities for their businesses to grow to their full potential in the second half of 2024, benefiting from government spending and tourism expansion, driving the Thai economy to grow.
Mr. Pichit Mitrawong, Managing Director of the Small and Medium Enterprise Development Bank of Thailand (SME D Bank), revealed that SME D Bank is promoting Thai SME entrepreneurs to access capital in the second half of 2024 from government spending after the 2024 Budget Act comes into effect. The tourism sector is growing, especially foreign tourists, who tend to spend more. Therefore, SME D Ba
nk has prepared the ‘Add Capital for Development’ package with services, consisting of ‘financial’ through 4 new loan products with a total credit line of 20 billion baht. The highlight is understanding all the needs of SME entrepreneurs and covering all business groups, helping to provide capital to enhance liquidity, elevate businesses, and lay the foundation for sustainable growth. The goal is to create benefits for SME entrepreneurs by accessing more than 10,000 sources of capital, generating more than 90 billion baht in circulation in the economic system, leading to continuous support for the Thai economy to expand.
For 4 loan products covering all SME groups, from micro, small and medium, maximum loan amount of 50 million baht, special interest rate starting at 2.99% per year, maximum installment period of 15 years and no principal payment for up to 12 months, including ‘SME Refinance Plus’ loan of 5,000 million baht, helping to reduce financial costs, reducing heavy installments, ‘BCG Economy’ loan of
3,000 million baht, supporting the elevation of environmentally friendly businesses towards sustainability.
‘Smile Biz Business Smile’ loan with a credit line of 10 billion baht, relaxed conditions, no collateral required, can be borrowed after doing business for 1 year, and ‘Contractor Liquidity Enhancement’ loan with a credit line of 2 billion baht, supporting access to government procurement worth over 1.3 trillion baht per year. In addition, there is a supplementary campaign for entrepreneurs who have never used SME D Bank loans before. When applying for a loan and using a credit line of 1 million baht or more by September 2024, receive a cash back for project analysis, worth up to 5,000 baht.
At the same time, it also provides ‘development’ services to strengthen businesses comprehensively through the DX by SME D Bank platform (dx.smebank.co.th) which is free of charge with 5 important features: Business Health Check, a business health assessment system; E-Learning, a collection of important knowledge
courses to help increase business potential, self-learning 24 hours a day; SME D Coach, a business consultant and advisor from professional coaches; SME D Activity, a booking system to join activities to continuously increase knowledge throughout the year; SME D Market, expanding the market with E-marketplace and business matching; and SME D Privilege, many other special privileges. The goal is to have over 20,000 SME entrepreneurs use the platform.
Entrepreneurs can express their intention to receive financial and development services from SME D Bank through various channels, such as LINE Official Account: SME Development Bank, website www.smebank.co.th, SME D Bank branches nationwide, etc. For more information, please contact Call Center 1357 .
Source: Thai News Agency