Self-employed loan & business credit

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

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

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%.

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