Bangkok: The SME Bank of Thailand (SME Bank) showcased its Quick Big Win loan guarantee measures at the 16th Thailand Smart Money Bangkok event, aiming to bolster small and medium enterprises (SMEs) in accessing necessary credit.
According to Thai News Agency, Mr. Sittikorn Direksuntorn, the Director and General Manager of the Small Industry Credit Guarantee Corporation (TCG), welcomed Mr. Vitai Ratanakorn, Governor of the Bank of Thailand, who inaugurated the TCG booth. During the event, Mr. Ratanakorn also participated in a seminar titled "Unlocking Finance! Helping SMEs Move Forward with TCG's Guarantee Mechanism," which provided insights into TCG's products and services and guidance on accessing funding sources. The seminar took place at BCC Hall, Central Ladprao Shopping Center.
At the event, SME Bank set up a consulting booth staffed by experts to support SMEs. The bank emphasized the Quick Big Win loan guarantee program, valued at 50 billion baht, designed to assist SMEs in obtaining loans and reducing financial costs. The program offers a waiver of guarantee fees for the first three years, followed by a low fee starting at 1% per year in the fourth year, calculated based on risk-based pricing using SME Credit Scoring and high NPL compensation.
Moreover, the event highlighted the "Krab Phi Mee Khlang Kham" (Pickup Truck with Guaranteed Finance) project, targeted at small business owners, farmers, and transportation businesses in need of pickup trucks for their operations. The initiative encourages financial institutions to lend more easily by offering free guarantee fees for the first three years and a low fee of 1.5% per annum for years four to seven. The guarantee covers up to seven years or 84 installments, with applications closing on December 30, 2026.