Government Savings Bank (GSB) kicked off a low-interest loan programme yesterday for small and medium-sized enterprises (SMEs) to support working capital and business expansion, helping entrepreneurs cope with economic volatility.
According to Songpol Chevapanyaroj, president and chief executive of GSB, the bank is accelerating support for entrepreneurs to help them adjust amid economic uncertainty, aligning with government policy through a soft loan programme titled GSB Revitalising Thai Businesses.
The programme offers "GSB SMEs Recharge" and "GSB Maximum Support" loan packages, with interest rates starting at 2.99% per year for the first two years, and repayment periods of up to 10 years. The initiative aims to reduce cost burdens, improve liquidity, and strengthen the competitiveness of Thai businesses.
GSB SMEs Recharge loans are designed to enhance liquidity or refinance debt to reduce interest burdens for existing and new SME borrowers. Loan amounts are capped at 30 million baht per borrower.
The programme covers exporters affected by tariff measures, businesses facing price competition from imported goods, tourism-related businesses, businesses located in border dispute areas, customers affected by natural disasters, and customers impacted by conflict in the Middle East region, including related supply chains.
