Mr. Jitrakorn Wongketkorn, Deputy Director-General of the Department of Business Development, Ministry of Commerce, revealed after presiding over the opening of the second seminar on “Enhancing Understanding of the Business Security Act” (April 8, 2026), under the concept of “Unlocking The New Route: Unlocking Knowledge of Business Security Act,” at the Green Lake Resort in Chiang Mai. Chiang Mai is a key economic area in Northern Thailand and a center of the Creative Economy with high growth potential. Holding the event in this area provides entrepreneurs with access to knowledge and funding sources, reducing capital limitations and strengthening business competitiveness in the long term.

The seminar aimed to provide a deeper understanding of the Business Security Act B.E. 2558 (2015), a legal tool that allows entrepreneurs to use business assets such as claims, inventory, machinery, or intellectual property as collateral for loans, without needing traditional securities. This will help increase financial liquidity and expand business opportunities for SMEs. The Department organized special lectures and forums from experts in law, finance, and the business sector, sharing real-world experiences in applying the Business Security Law. This included guidelines for preparing entrepreneurs, document preparation, asset valuation, and the registration process for business security agreements. In addition, comprehensive in-depth consultations were provided to enable seminar participants to apply the knowledge in practice.

Furthermore, the Department plans to hold two more seminars in the regions, in Khon Kaen and Songkhla provinces, to comprehensively enhance access to financial knowledge and innovations for entrepreneurs. This is a crucial mechanism for strengthening the grassroots economy and driving the stable and sustainable growth of SMEs in the long term.

“Promoting knowledge of business security law is a key mechanism for enhancing the potential of Thai SMEs, enabling them to access funding more easily, improve financial liquidity, and achieve stable and sustainable growth in the future,” Deputy Director-General Chitrakorn concluded. Currently (as of March 29, 2026), there have been more than 913,281 registered business security agreements, totaling over 22,814,052 million baht. The three types of assets most commonly used as collateral by businesses are: 1. Claims… (Rights in bank accounts), 2. Movable property, and 3. Intellectual property. This reflects the important role of the law in supporting Thai businesses' access to funding.

In Chiang Mai province, a major economic hub in Northern Thailand, there were 15,259 registered business collateral applications, totaling over 257,388,038,257 million baht. The three most commonly used asset types for collateral were: 1. Inventory/raw materials, 2. Vehicles, and 3. Claims. For more information, please contact the Public Company Registration and Business Collateral Division, Department of Business Development, Ministry of Commerce, at 0 2547 5048-9, Call Center 1570, email stro@dbd.go.th, and website www.dbd.go.th #SuperDBD #DepartmentofBusinessDevelopment #MinistryofCommerce

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