Self-employed loan & business credit
Financial leasing is a good financing arrangement for entrepreneurs because they do not have to use equity. Commercial vehicles in particular are purchased with a financial lease agreement. As the economic owner of the lease car you are entitled to tax benefits such as investment allowance. Self-employed entrepreneurs can qualify for a financial lease. With this contract, a delivery van or car can be purchased whereby the lender remains the legal owner until the credit is paid off. There are also possibilities for a business credit where company assets can be purchased.
Business credit with guarantee
The SME Loans Guarantee (BMKB) is a corporate credit where the government partially guarantees corporate finance up to an amount of up to 1.5 million euros. The bank provides a loan faster if more security can be offered. Entrepreneurs can appeal to the BMKB if their collateral is not large enough for a business loan. The scheme is only intended for SMEs. The term of the guarantee credit varies from 6 to 12 years. Companies that are starters or focus on technological innovation are eligible for a higher guarantee credit. The application goes through the bank, which in turn applies for a guarantee from the Netherlands Enterprise Agency (RVO). The BMKB was in force until the end of 2015.
Micro credit SME
Another possibility to finance the company is the provision of a micro credit. This corporate credit is issued by Astro Finance Nederland. Unlike with the bank, a collateral is desirable with a microcredit, but not necessarily necessary. The maximum amount of microcredit is 50,000 euros; this is 250,000 euros for SMEs. You are jointly and severally liable for the loan. It is possible that a coach guides the company (not free). The closing commission costs between 250-750 euros. The percentage of rejected credit applications is 75%.