SME Business Premises Loan

Business Premises Loan (BPL)..
Choose to have either the floating or fixed interest rate..
Comfortably with the long period of credit term up to 15 years.

Purpose of Financing..

• To use as working capital in business expansion.
• To finance the cost of repairing/ improving building premises for both commercial and industrial.
• To refinance an existing debt from other financial institutions.
  
  

Types of Facility

1. Types of Facility
2. Term Loan (LTL)
3. Overdraft (O/D)
4. Letter of guarantee for utility credit line (L/G)

Note: Credit facility for overdraft (O/D) is up to THB 5 million and must not be more than 25% of the total loan amount.

Eligibility

• Juristic Entity
1. Business Entities registered and operating in Thailand with the Thai ownership not less than 51%.
2. At least three years of business establishment or must be part of a business group that has been in operation with similar business type for more than 3 years and all credit facility amount must be secured by Parent Company.
3. The equity showed in the financial statements must be positive.
• Individual Borrowers
1. Thai nationality and living in Thailand.
2. The borrower between 20-63 years old plus tenor of term loan must not be over 65 years old
3. Sole proprietor which established and operating for a minimum of 3 consecutive years. Must show existence of business i.e. Commercial registration certificate with the Revenue Department, A copy of tax identify with the Revenue Department or proven by official documents.
4. In case the borrower has an insufficient income or business operating less than 3 years, co-borrower is allowed (co-borrower must be business owner similar to borrower's business).
• Basic Eligibility Requirement for Both Juristic and Individual
1. Must not have been an NPL of any financial institution in the past 2 years before credit application.
2. No bankruptcy record or asset ceased is strictly prohibited.

Documents Required

• Juristic Entity
1. A certified copy of the firm's registration certificate and its objective (within the last 6 months).
2. Copies of the company's Memorandum of association and articles of association (issued within 6 months)
3. A certified copy of shareholder list (the latest version).
4. Copy of the ID and household registration of the partner/managing partner/authorized director or authorized person signing on behalf of the firm.
5. Copy of the latest Audited Financial Statements and 3 years' previous.
• Individual Borrowers
1. Copy of the ID and household registration of the borrower.
2. Copy of commercial registration or other official document showing the validity of the business' operation and a business owner.
3. Copy of documents (if any): last name changed, marriage / Divorce certificate or death certificate of the spouse.

Loan Documents

• Copy of VAT registration and Por Por 30 document for the past 6 months.
• Financial Statement for internal usage (if any).
• Copy of Bank Statement of the company's main operating current account for the past 6 months
• Documents showing bill payments for the past 6 months.
• The loan agreements with other financial institution(s) - for refinancing
• Loan History Details of previous contact with any Financial Institutions (type of facility, credit limit, liability, and security).
• Documents showing other income source for the past three consecutive months (if any).

Collateral

• Copy of Deed (front and rear)
• The Purchase and Sale Agreement (if any).

Note:
A copy of documents showing ownership right of the building (if any) such as Tor Dor 13, Construction permit, a copy of request document for house number.