Project Backup Finance
70%
Credit Limit of Project Value
Project Backup Finance Details
Project Backup Finance
Credit Limit | Maximum 70% of the project value |
Tenor | Subject to the project schedule |
Interest Rate | 15.0% per annum |
Qualification | Juristic Person who runs business more than 1 year Government related projects only |
*Conditions are subject to comprehensive consideration.
Product Description
Project Backup Finance allows contractors to purchase materials and work smoothly in accordance to the assigned and announced projects by performing right transfer contract from government-project sector.
Key Benefits
Manage working capital and liquidity enhancement easily and effectively
No need for collateral
Accounts receivable collection services, which is time-saving and cost-efficient
How to Apply
Approval Period
Within 7 business days after documentation completed
How to Use
- Submit construction agreement with government (requires right transfer agreement)
- Receive credit limit for material purchasing from Siam Saison (up to 70% of the phase value)
- Connect with Siam Saison LINE OA
- Purchase product and select payment options
- After government’s payment to Siam Saison confirmed, receive the remaining amount by cash
- Copy of company affidavit certificate and copy of the corporate objectives (within 6 months)
- The Certificate of Value Added Tax registration (Por.Por.20)
- Copy of National ID of managing director, juristic person’s authorized signatory
- Copy of National ID (System user)
- Map of business location
- Business site (Shop, Office) photo with Shop name
- Project agreement and project details (schedule)
*There will be additional requirements depending on the conditions.
