SME Bank organizes an exhibition to add funds to support entrepreneurs to access comprehensive assistance

SME Development Bank organizes a roadshow in the south at the event “Fill SMEs funds towards 4.0 technology standards” to enhance SMEs business after the results show clearly. The business has clearly recovered and has prepared an investment plan from the beginning of next year. The University of the Chamber of Commerce supports the Bank of Thailand to use information to upgrade SMEs to increase their capabilities in the Thailand 4.0 era.

Mr. Mongkol Leelatham Managing Director Small and Medium Enterprise Development Bank of Thailand (SME Bank SME Development Bank) discussed the results of the SMEs business situation index survey conducted by the Center for Economic and Business Forecasting. University of the Thai Chamber of Commerce, which states that Thai SMEs are now recovering. with 53% of entrepreneurs in the southern region making investment decisions since the first half of 2018

However, if assessing the survey results, it was found that the southern region is the region with the highest tendency for SMEs to recover. SMEs as a financial institution for development will accelerate the results of the survey to further develop entrepreneurs to achieve practical results in accordance with the Bank’s mission Emphasis on small and medium-sized entrepreneurs access to funding Supporting the entry into the Thailand 4.0 era, pushing the local economy to be strong in the future The event will introduce the use of coupons to check product standards from Central Lab Thai (pracharath lab) to create product standards for quality. internationally recognized and a training service for using the accounting program “ERP on Cloud” on smartphones, allowing account management to be done from every corner of the world. to cope with the new accounting standards which will affect the application for credit from financial institutions according to the income criteria Effective from October 1, 2018

At the event, the bank introduced the concept of “7:1:0” service, with the first 7 being ready to approve loans within 7 days, 1 being with a handout within 1 day and 0 being free of charge 0%. Factoring “All over Thailand disbursement in one day (Phase 2) “Helping Trade Credit Uninterrupted liquidity, continued business growth This is consistent with a survey conducted by the University of the Thai Chamber of Commerce that wants to focus on liquidity. and a collection of various financial products Entrepreneurs can choose according to their needs, such as the SMEs Development Fund in accordance with the Civil State guidelines. by the Department of Industrial Promotion (KorFhor.) with a credit line of 20,000 million baht, an interest rate of 1% throughout the contract period. Repayment period 7 years, no repayment of principal up to the first 3 years and no collateral is required.

Transformation Loan totaling 15,000 million baht to be used as working capital for expansion. Or business improvement, loan term of 7 years, interest rate 1-3 years fixed at 3% and years 4-7, interest rate MLR per year (according to the bank’s announcement). The loan amount per person is not more than 15 million baht. 5 million baht, can use TCG to help guarantee Loan amount more than 5 million baht can be used as collateral as normal bank criteria, only land type. building or land with buildings, loans to support tourism businesses and community entrepreneurs in the amount of 7,500 million baht (free of fees from TCG for 4 years) for natural persons Maximum loan no more than 5 million baht Juristic person Borrowing maximum no more than 15 million baht Loan term of 7 years 1st year interest rate MLR -1.5 percent per year 2nd year onwards if using collateral according to the bank’s criteria The interest rate is MLR -1.0 per year.

However, organizing this regional-specific exhibition in accordance with the mission of the bank who want to focus on the development of SMEs entrepreneurs, including access to sources of capital Enhance tourism in tandem with story telling marketing to create added value for products and services. Especially tourism businesses that have successfully applied such strategies such as “raft 500 rai” in Surat Thani province. Therefore, with the potential of the southern region using tourism drive the economy to expand Entrepreneurs who want to upgrade Increase the value of products that can be serviced at the event.

“I have to admit that the South is an area with potential. Even a crisis can recover quickly. from the floods at the beginning of the year Some 8,000 of the bank’s customers were affected, but only 10% of them applied for business rehabilitation services. Since the southern region, the main driver of the economy comes from tourism and border trade, the bank has prepared a 7,500 million baht loan product for tourism entrepreneurs.”

Mr. Mongkol also added that the exhibition “Fill SMEs Capital towards Technology 4.0 Standard” is divided into 6 events, starting from 3-15 November 2017. The first time will be held on Friday, 3 November 2017. at Koh Klang Room, Krabi Front Bay Resort Hotel, Krabi Province, the 2nd time Saturday 4 November 2017, at the Nakarin Ballroom Room, Ruea Ratsada Hotel, Trang Province, the 3rd time on Friday 10 November 2017 at Aphai Nurat Room 2 SinKiat Buri Hotel, Satun Province, the 4th time Saturday 11 November 2017 at Juti A Room, Hansa JB Hotel (Hat Yai), Hat Yai District, Songkhla Province, the 5th time, Monday 13 November. 60 at Orapin Room, Twin Lotus Hotel Nakhon Si Thammarat Province and the 6th time Wednesday 15 November 2017 at Tubtim 2 Room, Diamond Plaza Hotel, Surat Thani Province All events, entrepreneurs can apply to sell products at the “Klong Phadung Krung Kasem Market” within December 4-24, 2017, free of charge at the same time.

Asst. Prof. Dr. Thanawat Phonwichai, Senior Vice President for Academic Affairs and Research and Director of the Center for Economic and Business Forecasting University of the Thai Chamber of Commerce reinforcing the situation of SMEs that 68.8% of SMEs businesses have recovered from the lowest point and will start investing from 2018, so government measures should be added, namely, to help SMEs have more access to credit Because the survey found

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