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The Business loan guarantee scheme (Garantie Ondernemingsfinanciering, GO) makes it easier for large and medium-sized companies in the Netherlands to borrow substantial amounts of money. Capital providers receive a 50% guarantee from the government. The term for the Business loan guarantee scheme (in Dutch) is maximum 8 years.
Corona crisis: temporary extension of GO
The Business loan guarantee scheme has been extended (GO-C) to help businesses deal with the corona crisis. The amount for which the government stands as guarantor has been increased to €150 million. The maximum guarantee percentage has been increased from 50% to 80% for large companies (public limited companies, nv) and to 90% for SMEs.
When do you qualify?
To qualify for the GO Business loan guarantee scheme (in Dutch), the following criteria must be met:
- Your company has its registered office in the Netherlands. The commercial activities are conducted primarily in the Netherlands.
- You have a healthy company.
- Your business has reasonable profitability and continuity prospects.
- The financing qualifies as Fresh Money (in Dutch).
- In the last 12 months, no excessive capital withdrawals from your company have taken place.
- You are only requesting GO financing for your own company activities.
You cannot apply if your company is active in one of the following sectors:
- Primary agriculture (farming, fishery, and aquaculture businesses), with the exception of supply and service companies.
- Real estate, with the exception of brokering and project funding.
- Financial services, with the exception of financial intermediation.
- Providers of healthcare under the Healthcare Insurance Act and the Exceptional Medical Expenses Act (AWBZ).
How to apply for the GO scheme?
You don't apply for the GO or GO-C scheme yourself. Your financier can apply for you if they participate in the GO scheme (in Dutch). The financier submits the application to the Netherlands Enterprise Agency (RVO).