BANGKOK, 2nd September 2018 (NNT) Ė The SME Bank has set aside 3 billion baht for a loan program to help local businesses improve their liquidity.

President of the Small and Medium Enterprise Development Bank of Thailand (SME Bank) Mongkol Leelatham, says the 12-month loan program will help small and medium businesses that havenít been paid for the products they sold to large manufacturers and companies operating inside industrial estates, industrial parks, and industrial zones. He said the move will help local SMEs improve their cash flow.

Qualified SMEs must be a registered company that has been operating for more than 12 months and has no record of terminating a contract.

The bank is willing to offer up to 90% of SMEsí accounts receivable, but no more than 15 million baht.

Accounts receivable is the balance of money due to a firm for goods or services delivered or used but not yet paid for.

National News Bureau Of Thailand | SME Bank offering loans to improve business liquidity