Bangkok: The Thai Credit Guarantee Corporation (TCGC) has introduced immediate measures, suspending debt payments and fees for three months to aid small and medium enterprises (SMEs) affected by the ongoing situation in the Middle East.
According to Thai News Agency, the TCGC is acting in line with government policy to accelerate assistance to entrepreneurs by offering a moratorium on fees and installment payments. This initiative is intended to support SMEs, tourism businesses, and the import/export sectors as they navigate the challenges posed by the Middle Eastern conflict, which has led to increased energy prices, rising production costs, and escalating international transportation and logistics expenses.
Ms. Airin Phanrit, Deputy Spokesperson for the Prime Minister's Office, explained that the conflict has severely impacted businesses, particularly SMEs. In response, the Small and Medium Enterprise Credit Guarantee Corporation (SMEG) has rolled out urgent support measures to mitigate these challenges, targeting SMEG's clients and debtors as well as the tourism and import-export sectors to ensure their continued operation.
The measures include a three-month moratorium on guarantee and management fees for SME clients whose payments are due between March 15 and April 14, 2026. Additionally, debtors whose claims are managed by TCGC can apply for a three-month deferral of both principal and interest payments, provided they have not defaulted and are under a debt restructuring plan. Registration for these measures is open until April 14, 2026.
To further enhance liquidity, the "Thai Credit Guarantee Corporation (TCGC) Quick Big Win" loan guarantee program has been introduced. It offers free guarantee fees for the first three years and low fees starting at 1% annually from years four to seven. This program, designed to alleviate the financial burden on SMEs, also includes a high non-performing loan compensation rate to encourage lending. The program is available to existing TCGC clients and new entrepreneurs in need of working capital until December 30, 2026.