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SCIB targets small businesses.

Bangkok Post (Bangkok, Thailand)

| March 04, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Darana Chudasri

Mar. 4--Siam City Bank yesterday introduced SCIB-S, a commercial loan product aimed at small businesses and entrepreneurs.

Loans ranging from 300,000 to 10 million baht will be available under the programme with terms of from three to eight years. Working capital or overdraft loans are also available.

Pravit Ongwatana, executive vice-president for retail banking, said the new product was aimed at entrepreneurs requiring quick access to credit facilities.

"You can't analyse a five-million-baht loan the same way as a 500-million-baht loan. Small businesses are looking for rapid execution," he said.

"For ...

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Source: HighBeam Research, SCIB targets small businesses.