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Credit provider Qredits helps entrepreneurs who have been hit by the corona crisis with a restructuring credit. Entrepreneurs can use this TOA credit (Time Out Arrangement, TOA krediet) to relaunch their business.
The TOA credit is a loan. It offers 2 types of loan that may be used in combination: one is a loan for working capital (TOA krediet voor werkkapitaal) and one is a subordinated loan (TOA krediet achtergesteld).
How much you need to repay depends on the amount you have loaned. The interest on the working capital is 2.5%, the interest on the subordinated loan is 5.25%. You can find the total amount of your loan on Mijn Qredits. You need to log in first.
When do you start repaying?
For both types of loan:
- the duration of the loan is 6 years maximum
- the grace period is at most the first 12 months
- you can repay at any time, without penalty
You can find the end date of your loan in your credit agreement with Qredits. You can find more information on the TOA credit and the conditions for both types of loan on Qredits’ website (in Dutch).
For more information and questions regarding the TOA credit you can contact Qredits (in Dutch).