SME Bank is confirming this problem by stating that commercial banks in Thailand focus on LEs and the reason why it is difficult for SMEs to receive loans is that they do not have the collateral, management skill or the accounting system put in place and SMEs are perceived as high risk. Further APO (2001) declares that lack of financial sources is the major obstacle for SMEs and usually entrepreneurs in Thailand need to utilize personal financial sources to start up their business and to expand the operations.