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Are you a (starting) agricultural entrepreneur and do you want to invest in your agricultural of horticultural farm? You may be eligible for the Credit Guarantee Scheme for Agriculture (BL). The government then stands as a guarantor for part of your loan.
Corona crisis: extension of Credit Guarantee Scheme for Agriculture (BL-C)
The Credit Guarantee Scheme for Agriculture (BL) is extended to the Credit Guarantee Scheme for Agriculture (BL-C) (in Dutch) for healthy businesses in the agricultural, horticultural, fisheries and aquaculture sectors that are affected by the corona crisis. You can use this BL-C Scheme for a bridge loan of at most €1.5 million. This extension runs through 31 December 2021.
Requirements for the Credit Guarantee Scheme for Agriculture (BL)
To be eligible for the BL scheme you need to comply with the following requirements:
- You have an agricultural enterprise (for example in agriculture, livestock or horticulture).
- Your turnover is mainly from plant product or livestock (primary production).
- Your company is located in the Netherlands, your business activities mainly take place in the Netherlands.
Read more on the requirements for agricultural entrepreneurs (in Dutch).
How to apply?
Entrepreneurs do not apply for the Credit Guarantee Scheme for Agriculture themselves. You participating bank or other funder (in Dutch) will submit the application (in Duth) to the Netherlands Enterprise Agency (RVO). This also applies to the BL-C scheme. You can apply for the BL-C through 31 Decmeber 2021.