SME Bank ponders programme to offer low cost loans
SME Bank is considering a new programme that would offer low cost loans to small rural businesses seeking to expand their operations.
SME Bank aims to grant loans of Bt31.5bn this year, up from Bt20bn last year. Due to the economic slowdown, commercial banks were tougher in extending credit to SMEs.
IFS Capital (Thailand) aims to become the market leader in the factoring sector and plans to list on the Stock Exchange of Thailand in the fourth quarter. The local unit of the Singapore-based
The government is being urged to amend the Business Security Act to allow small and medium-sized enterprises to use their accounts receivable and inventory as collateral for bank loans.