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Are you a (starting) agricultural entrepreneur and do you want to invest in your agricultural or 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.
There are several types of credits under the Credit Guarantee Scheme for Agriculture:
- Standard Credit Guarantee
- BL for sustainable investments (BL Plus)
- BL for agricultural investments (BL Plus )
- Capital Strengthening Credit (Vermogensversterkend Krediet, VVK) for starting farmers and farmers who takeover a business for the first time
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 established in the Netherlands, your business activities mainly take place in the Netherlands.
- Your company is financially sound
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. Your participating bank or other funder (in Dutch) will submit the application (in Dutch) to the Netherlands Enterprise Agency (RVO). This also applies to the BL-C scheme. You can apply for the BL-C scheme through 31 December 2021.