Under their latest Purchase Order Financing products, Funding Societies offer two sub-products customizing it to different needs of the SMEs.
1) PO Financing offers loan facility up to THB 30 million to pay for goods and services to suppliers ,no collateral required with the tenor of up to 4 months.
2) PO Express is designed for small enterprises, offering a loan facility of THB 3 million, to pay for goods and services to suppliers with no collateral required with tenor of up to 3 months.
SMEs can submit purchase orders along with financial documents in order to be considered for a PO Finance credit line. When it is time to pay for goods or services, Funding Societies will make the payment directly to the supplier in full amount. On due date SMEs then make repayment to Funding Societies.
“As the COVID-19 situation improves and continuous support from the government’s…
