Qualification of The Borrower
Being Thai citizen or Juristic person registered in Thailand with more than half of its registered capital held by Thai citizen
Holding at least 51% of total share of the invested restaurant and operate the restaurant by themselves
Having managerial experiences in restaurant business overseas at least 1 year or in Thailand at least 3 years
Being familiar with the local environment related to restaurant business
Collateral
Mortgage over the property in Thailand
Guarantee by Thai citizen or Thai Juristic with strong financial background
Require Document
Project Information
Location, Map, Photos
Total investment needs
Seating capacity
Details of Thai-content
Number and types of employees
Menu
Procurement outline of fresh produce
Financing Needs
Amount of Loan
Term
Financial Information
Sources and Uses of fund
Financial Projections and monthly expenses ( at least 3 years)
Financial assumptions, benefits, taxes
Financial Statements
Cash Flow Projection
Details of capital investments
Legal Documents
Copy of license to operate a restaurant
Buy/lease contract of restaurant
Collateral Information
Copy documents of assets to be pledged (Copy of actual size of land deed)
Information of personal guarantor(s) in Thailand
Market Information
Demand/ Supply
Target customers and competitors
Marketing plan
Investor Information
Manager, Shareholder and Shareholding
History and experience of manager and shareholders
Financial Statements (Past 3 years)
Bank Statements (past 6 months)
International Project Division, Export credit Insurance & Foreign Investment Department
Tel : (0) 2271-3700 ext 1741, 1744-47, 1749 Fax: (0) 2271-3629 e-mail: setasudat@exim.go.th
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SMALL AND MEDIUM ENTERPRISE DEVELOPMENT BANK OF THAILAND
The Promotion of Thai Cuisine to World Loan
This is a government 's promotion on the Cuisine to world market project, which aims to promote the internationally popular Thai cuisine, including fresh and processed food, raw materials, as well as the promotion of Thai restaurants abroad. The lending aims to create good image of Thailand under the financial support of the SME Bank for Supply Chain of Thai cuisine both international and domestic businesses.
Target Business
Food business and those involve in food OTOP product or services related from Thailand, as follow : Food manufacturing/ processing.
Food importer, collector, distributor and OTOP products.
General Thai Restaurant, Thai Restaurant, Thai Restaurant Franchising Business (franchisor/franchisee)
Restaurant, wholesale-retail design/design/decoration business overseas.
Thai identity enhancing business in parallel with Thai cuisine in foreign country such as spa, Thai massage.
Any related business in Thai food supply chain.
Borrower's Qualifications
General person or Thai juristic person, both domestic and international business, who is an entrepreneur of the SMEs whose fixed assets worth (excluding land) no more than 200 million baht. (Foreign juristic person must have not Thai share holders less than 50 percent or have maximum share holders in the foreign share limited less then 50 percent in each country regulation.)
Purpose of Lending
For use in the enterprise abroad, both in setting up, expanding and improving business and as working capital.
Loan Type and Amount
Long-term loan with a credit limit is not over 100 million baht with no more than 10 years repayment time and no more than a 6-month Grace Period. Loan disbursement and repayment must transfer in Thai currency.
Interest rate / Fees and other expenses
The interest rate equals the SME Rate to SME Rate plus 2 percent. In case of lacking of collateral pledge, the interest rate for this lacking partlequals the SME Rate plus 1.5 percent to SME Rate plus 4 percent.
Fees and other expenses will be settling by SME Bank. For those Thai restaurant that certified with "Thai Select" standard will receive a 1.00 % further reduction on interest rates applied to the above groups.