Bangkok: The Thai Credit Guarantee Corporation (TCGC) has approved guarantees exceeding 10 billion baht under the "TCGC Quick Big Win" program, effectively facilitating credit access for small and medium-sized enterprises (SMEs) and generating economic benefits surpassing 40 billion baht.
According to Thai News Agency, this initiative comes amid a persistent contraction of credit in Thailand's financial system, particularly affecting SME loans, which have seen the most significant decline. The Kasikorn Research Center predicts that SME loans will continue to contract in 2026, marking the longest continuous decline since the 1997 Asian financial crisis, thereby highlighting the urgent need for targeted measures to support SME lending.
Dr. Sittikorn Direksuntorn, Director and General Manager of the Small and Medium Enterprise Credit Guarantee Corporation (SMEG), stated that in response to the current economic situation, SMEG has implemented the "SMEG Quick Big Win" credit guarantee measure to encourage financial institutions to increase lending. As of February 2, 2026, the approved credit guarantee amount has reached 10 billion baht. In January 2026 alone, the total approved credit guarantee amount was 7,125 million baht, representing a 217% growth compared to the same period last year.
This initiative has significantly contributed to grassroots economic growth, providing liquidity to SMEs for investment, business expansion, and sustaining operations during volatile economic conditions. The loan guarantee of 10 billion baht has led to 10.77 billion baht in new loans within the financial system, assisting 13,126 SMEs in accessing additional credit. Nearly half of these are micro-SMEs, with loan guarantees not exceeding 200,000 baht per borrower, a group facing challenges in accessing credit. Furthermore, the initiative has helped preserve 82,500 jobs and generated economic benefits from loan guarantees exceeding 41.3 billion baht.
The success of the TCGC Quick Big Win measures reflects a "short-term stimulus with long-term, widespread impact" approach, encouraging financial institutions to extend loans and increasing opportunities for SMEs to access formal credit. The 10 billion baht in guarantees achieved within 48 days highlights the effectiveness of these measures in enhancing creditworthiness, reducing credit costs, and improving loan approval rates for SMEs, particularly those without collateral or guarantors. Additionally, TCGC offers tools such as debt restructuring, debt resolution, and financial literacy education through its Financial Advisory Centers, aiding SMEs in sustainable growth.
The "TCG Quick Big Win" measure, with a 50 billion baht guarantee limit, includes a 7-year guarantee term, free guarantee fees for the first 3 years, and risk-based pricing in subsequent years to reflect credit costs. This initiative marks the first use of the "TCG Score" credit scoring tool to assess customer risk, reducing financial costs. A key feature is the high NPL compensation rate, encouraging financial institutions to lend more freely and injecting liquidity into SMEs and micro-SMEs, contributing to the recovery of SME lending.
Moreover, TCGC has collaborated with the "SMEs Credit Boost Project," a risk guarantee mechanism for new loans by commercial banks to target businesses. This collaboration is expected to increase new loan disbursements by approximately 100 billion baht over the next 1-2 years. TCGC is tasked with developing a system to link data between financial institutions and SMEs, integrating its operating model with the SMEs Credit Boost Project to enhance the loan guarantee mechanism and efficiency in supporting SMEs in Thailand.