SME Bank has already started assisting the entrepreneurs affected by the Baht appreciation by organizing the caravan of loan officers to give personal advice. The bank has also introduced 2 new loans: Trade Finance for import-export business, a one-stop service for international trade and Contract Loan to help with business liquidation and growth for contractors and suppliers.

Mr. Soros Sakornvisava, President of Small and Medium Enterprise Development Bank of Thailand or SME Bank said that on October 15, 2010, the bank had arranged for the caravan of loan officers from the headquarters to provide assistance and advice on serviced loans and had scheduled the opening for “Credit Marketing Day” to bring and introduce loans directly to the entrepreneurs especially the SME-administered government loans to support those in import-export business who are affected by the Baht appreciation. This loan has a 5-year term and is intended to help with the liquidation of the business; the loan limit is at 5 million Baht per case with the special interest rate of MLR-1.5% per year for the first two years. The clients can use the “Packing Credit” or “Forward” to guarantee the payment.

The bank had also introduced 2 new loans: “Trade Finance”, a one stop service for entrepreneurs in the international trade and “Contract Loan”, a support for contractors, manufacturers/distributors for products or services who has contracted work with the government, State enterprise, etc. For the “Contract Loan”, the entrepreneurs can use the contract as collateral for a loan and the bank will accommodate them from the beginning when submitting the tender until the completion of work to help with liquidation throughout the project. These loans are to support the government on building infrastructure, one of the missions on economics development in Thailand.
Mr. Soros continued that the bank aims to increase approved loans for the last quarter of this year, emphasizing on direct services by bringing all the products to the clients with advice in details.

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