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If you have a business in the Netherlands and employ no more than 250 workers (e.g. an SME), you may be eligible for a guarantee for part of a loan. That will enable you to borrow more than would otherwise be possible based on your collateral.
The bank and other possible funders are covered by the government’s SME Loan Guarantee Scheme (Borgstellingsregeling MKB, in Dutch). The scheme has been expanded until the end of 2018. It offers extra opportunities for established firms operating abroad (in Dutch), innovative companies (in Dutch) and startups (in Dutch). It is also open to entrepreneurs who want to start businesses in the Netherlands, Bonaire, St. Eustatius and Saba.
When do you qualify?
To be eligible for a loan guarantee, you must fulfil various conditions, including the following:
- Your business is unable to provide the bank with enough collateral.
- Your business has favourable future prospects.
- You are not taking out the loan for a project or investment.
- You guarantee 25% of the loan if you, as the owner of the business, own more than half of the firm’s capital.
How to apply?
Entrepreneurs do not apply for the SME loan guarantee scheme themselves. They simply apply for a loan from one of the participating banks or other funders (in Dutch), which in turn submits an application for the SME loan guarantee scheme from RVO.nl.