SME Credit Guarantee Scheme (BMKB)
Is SME credit unattainable from a bank? Do you have growth plans? A government guarantee can often provide just the push needed for a bank to grant a loan.
What is a surety loan?
You can obtain an SME credit guarantee from a commercial bank, such as Rabobank, ABN AMRO, and ING. Because lending to SMEs is risky for banks due to the lack of collateral, the government provides a state guarantee (surety) to a bank under certain conditions, making financing possible nonetheless.
Who is eligible for an SME loan guarantee?
SME entrepreneurs with growth plans who have customers, revenue, and a positive cash flow forecast in the long term may be eligible for an SME loan guarantee. Entrepreneurs who have just started and have no prior history are usually not eligible for a loan guarantee. Certain sectors, such as agriculture and horticulture, and some service providers, such as lawyers and notaries, are also ineligible.
What are the conditions for making use of the SME credit guarantee?
For an SME loan guarantee, you must have a business or credit plan, a forecast profit and loss statement + cash flow (monthly, for the next 2 years), and the financial statements for the past 1–2 years. The bank must have confidence in the entrepreneurs and the plan.
Innovative Guarantee Loan
Innovative companies with an R&D declaration are eligible for an additional government guarantee, enabling banks to provide loans to these types of high-risk companies as well.
How much can you borrow with the SME guarantee credit?
The loan amounts to a maximum of €1.5 million. The interest rate depends on the risk profile and the term of the loan and ranges between 5% and 8%. For an innovative guarantee loan, a one-off risk premium of 3% to 8% of the principal amount must be paid to RVO.nl. The amount of this premium depends on the term and the type of guarantee loan. The bank passes this on to the customer.
Why Vectrix
Vectrix has extensive experience in successfully securing SME Guarantee loans for (innovative) SMEs. We can quickly assess whether a loan is feasible for you. We broker loans starting from €250,000.
Get in touch!