SME D Bank issued 2 urgent measures to help SMEs suffering from floods
Date 03 Oct. 2021 time 17:35
SME D Bank issued 2 urgent measures to help SMEs suffering from floods, moratorium on principal debt for 3 months, coupled with low-interest capital top-up No initial payment for 1 year
Ms. Nartnaree Rattaphat Managing Director Small and Medium Enterprise Development Bank of Thailand (SME) or SME D Bank revealed that according to many provinces of Thailand, both the northern, central, northeastern and southern regions have been affected by flooding. continuous heavy rain flash flood Flash floods, mudslides, and slides affect business operators in those areas. face problems both directly and indirectly in occupation The Bank is very concerned and has issued two urgent measures. To help customers who will be affected by this flood, including
1. Measures for debt moratorium For term loans with the right to suspend the payment of principal Maximum of not more than 3 months. As for working capital contract, promissory note (Promissory Note : P/N), interest payment suspension Up to 3 months. Considering the approach to help according to the impact of each customer.
2. Emergency loan measures for business rehabilitation for damaged bank customers have funds to rehabilitate and circulate in the business The interest rate is 4.99 percent per annum throughout the contract period. Maximum loan period not exceeding 5 years, grace period not exceeding 1 year, the maximum credit limit per person is as follows: 1. Debtors with a total approved limit of not more than 1 million baht, the maximum loan amount is not more than 5 hundred thousand baht. Debtors with a total approved limit of more than 1 million baht but not more than 5 million baht, maximum loan amount not exceeding 1 million baht, and 3. debtors with approval limit of more than 5 million baht, maximum loan amount of 2 million baht. more than 15 million baht. For collateral, consider the original collateral first. and can be used as collateral for TCG as a guarantee, only for measures that increase not more than 2 million baht
SME D Bank defines provincial areas to help entrepreneurs affected by disasters in 39 provinces, including Chiang Mai, Mae Hong Son, Phrae, Lamphun, Lampang, Sukhothai, Tak, Phitsanulok, Phetchabun, Kamphaeng Phet, Phichit, Nakhon Sawan, Loei, Chaiyaphum, Nakhon Ratchasima, Prachin Buri, Sa Kaeo, Ubon Ratchathani, Chanthaburi, Rayong, Trat, Phra Nakhon Si Ayutthaya, Chon Buri, Lop Buri, Nakhon Nayok, Samut Prakan, Ranong, Krabi, Trang, Nakhon Si Thammarat, Khon Kaen, Buriram, Surin, Uthai Thani, Nakhon Sing, and Chai Na Pathom. The bank is ready to announce that provincial areas receive additional assistance according to the Department of Disaster Prevention and Mitigation. Ministry of Interior There will be further announcements.
In addition, for SME entrepreneurs who need funds to add liquidity to revitalize their business After the disaster has passed The bank has provided low interest loan products to support it. by easing conditions adjust flexible properties By using the base income in 2019 before the Covid-19 outbreak and adhere to the principle of intention to repay debt Help entrepreneurs to easily access sources of capital such as loans to enhance the community economy. Interest rates starting at 2.875% per year in the first 3 years, maximum loan amount of 5 million baht and small loans Extra Cash, low interest rate of 3% per year in the first 2 years, loan amount up to 3 million baht, no collateral required, etc. Entrepreneurs SMEs You can contact the service at SME D Bank branches nationwide or ask for more information at Call Center 1357.
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