Khun Kochakorn Suwannachuen and Desmond Hughes addressed the new opportunities relating to leveraging your business assets in Thailand under the new Business Collateral Act, as published in Window on Phuket.
Raising credit and finance in Thailand is tough. If you have a new business, banks will generally not wish to take credit risk until you have a proven track record of revenues to support any credit you take. Even then, credit will be subject to various conditions which may even include lodging land title as security (if your company happens to own land) or actually depositing permanently the amount of credit you wish to take in the bank’s custody -effectively defeating the purpose of taking credit.
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