On November 27, 2022, the Thailand Anti-Fake News Center, the Thailand Anti-Fake News Center, stated that according to the dissemination of information about the cabinet issue. Adjust the Soft Loan criteria for hotel business, extended until June 30, 2023. The Anti-Fake News Center has verified the facts from the Public Relations Department. The Prime Minister’s Office found that such issues were real
The Cabinet approved the improvement of the criteria for the implementation of the Soft Loan Reopening Program for the hotel business and hotel supply chain to assist small and medium businesses in the hotel business and hotel supply chain to be able to access more sources of finance thorough and consistent. by reviewing the criteria and conditions of the project In terms of borrower qualifications Expanding credit objectives loan repayment period and the period for accepting credit applications To be more comprehensive and flexible as follows
1. Borrower Qualifications Reduce restrictions on hotel business operators who are still in the process of applying for a hotel business licence. to be able to apply for credit Originally, having to have a license or in the process of applying for a license before December 31, 2020, and reducing the limit for entrepreneurs who have at least 1 profit in the last 5 years. And currently still operating a business can apply for a loan Previously, he had to have a profit of at least 1 of the last 3 years. to cover entrepreneurs with a good performance before the COVID-19 epidemic, including more clarity when considering support Entrepreneurs with a good history of repaying debts or if you have outstanding debts and has a debt restructuring but can pay the debt in order access to more sources of funding Originally, there should be no outstanding debt before the application date for the project.
2. Objectives Expand the objectives to cover credit grants for working capital in the business to improve liquidity in business operations. From the first gives credit to improve or repair the business organization or investment in various equipment only
3. The loan repayment period is divided into 2 cases.
3.1 In the case of granting credit to improve and repair the establishment AND invest in various equipment, the loan period does not exceed 7 years.
3.2 In the case of giving credit for working capital in the business, the period of the loan is not more than 5 years, previously there was only one case, ie credit for renewal. place of business and investment in equipment
4. Extend the loan application period until June 30, 2023 or until the total credit limit in the project expires. whichever comes first from the end of the period Having received the loan application on 30 September
Where other criteria and conditions, including the compensation budget framework, are still in accordance with the criteria of the project which the Cabinet has approved in accordance with the cabinet decision of 26 July 2022.
The Hotel Business Soft Loan Project aims to provide low interest loans to small and medium-sized businesses in the supply chain of hotels and hotels affected by the COVID-19 epidemic in order to improve or Repair business establishments or invest in equipment such as clothes dryers, air conditioners industrial washing machines, etc., including for working capital in the business Government Savings Bank 64 credits have been approved, totaling 124 million baht, or 2.48% of the total of 5,000 million baht.
This is so that people can receive information from the Public Relations Department. The Prime Minister’s Office can be traced on the website www.prd.go.th or call 02 618 2323
Inspection agency: Public Relations Department of the Prime Minister’s Office
