The SME Development Fund has launched the TOP UP project to increase liquidity for existing borrowers with a 500 million baht budget, supporting sustainable business growth.
Mr. Natthapon Rangsitpol, Permanent Secretary of the Ministry of Industry, in his capacity as Chairman of the SME Development Fund Management Committee, revealed that the fund has expanded its assistance to SMEs who are existing loan borrowers to ensure business continuity. It has introduced additional capital support through the TOP UP loan project with a 500 million baht budget, aimed at existing borrowers who wish to boost capital to grow their business and maintain employment. Eligible borrowers must have an A-grade credit rating or a consistent good repayment record for 12 months, with a maximum loan amount of 3 million baht per borrower, a fixed interest rate of 2.5-3.5% per year, and a maximum loan term of 3 years.
“The TOP UP project will help alleviate financial burdens for existing fund borrowers amid ongoing economic volatility. It also increases opportunities for SMEs to access additional funding at special interest rates to enhance liquidity, expand operations, and restore business capabilities. This support aims to enable SMEs to become self-reliant sustainably and confidently advance their businesses over the long term.”
Eligibility criteria for applicants include being an SME borrower under any of the seven specified fund projects, having outstanding principal debt on a long-term loan with the fund, not classified as non-performing loans (NPL), and not currently subject to legal action by the fund. Loan applications can be submitted at provincial industry offices nationwide.
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