Corona: bridging loans for small companies
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Do you own a small company and are you in need of a relatively small loan of between €10,000 and €50,000 as a result of the corona crisis? You may be eligible for a bridging loan facility. This is called Small Credits for Corona guarantee measure (Kleine Kredieten Corona garantieregeling, KKC). The Dutch government will stand as guarantor for 95% of these bridging loans.
Who can apply?
- You own a micro, small or medium sized business.
- You have a turnover of €50.000 or more and before the corona crisis were sufficiently profitable.
- You were registered in the Netherlands Chamber of Commerce Commercial Register (KVK Handelsregister) before 1 January 2019.
- KKC is a loan of €10,000 up to €50,000. The term of the loan is at most 5 years and the interest rate is maximum 4%.
- You pay a one-time premium of 2% to the State.
How to apply?
Entrepreneurs do not apply for the Small Credits for Corona guarantee (KKC) themselves. You can apply for a loan from your credit supplier, a bank or funder affiliated with this measure. Funders or banks that participate in the extended SME credit guarantee scheme (BMKB-C) can also offer the KKC. Other funders can apply for accreditation to the Netherlands Enterprise Agency.
This measure is pending approval of the European Commission.