Brussels Capital Region - Financial Measures

BRUSSELS CAPITAL REGION 

1) Guarantee scheme by Guaranteefund of Brussels (Brussels Waarborgfonds)

The Guarantee fund of Brussels is offering additional governmental guarantees for affected businesses. The guarantees can be requested at the Guaranteefund of Brussels. (http://www.fondsbruxelloisdegarantie.be/nl/).

The additional governmental guarantees can be requested by all businesses having their registered seat in Brussels Region.

The guarantee percentages depends on the type of business.

2) Financial support by finance&invest.brussels

Finance&invest.brussels offers loans with a low interest to :

• Suppliers of restaurants, hotels, bars, etc.; 
• Restaurants, hotels, bars etc. having more than 50 employees.

In addition, businesses of affected industries can request a deferral of payment of the loans (capital and interest) at Finance&invest.brussels. The conditions and modalities of the deferral of payment are being individualized per business depending on the financial instrument.

3) Federation Wallonia-Brussels (French Community)

The French community provides an emergency loan for businesses in the cultural and creative industry. The emergency loan of 6 months can be requested (extension possible of maximum 6 months) for an amount between 20.000 and 100.000 EUR and will be granted with a low fix interest rate of 2%. The emergency loan can be requested on the website of Start Invest (http://www.start-invest.be/-Pret-tresorerie-d-urgence-?lang=fr).

4) Micro cash credits for self-employed persons and ZKOs via BRUSOC

Self-employed persons, SSCs and social economy organisations can apply for cash loans of up to EUR 15,000 via BRUSOC at a limited and fixed rate of 1,75%. The micro cash credits can be reimbursed in 3 years maximum.　

The micro cash credit can only be used to finance following purposes:

• working capital;
• Acquisition of stocks;
• Payment of arrears.　

The micro cash credits cannot be used to finance material or immaterial investments.

A business that started its activities more than 2 years ago, can request a micro cash credit if following criteria are met:

• A company should fulfil 2 out of the following 3 criteria:

         - Growing business between 2018 and 2019;

         - Positive result as per 31.12.2019;

         - Positive capital.

• Self-employed persons should fulfil following conditions:

         - Profit as per 31.12.2019;

         - Increased turnover between 2018 and 2019.　

A business that started its activities less than 2 years ago, can request a micro cash credit by providing following information:

• Approved annual accounts or assessment notice for self-employed persons;
• Recent bookkeepings, certified by a bookkeeper;
• Financial plan.　

A business cannot request the micro cash credit if a financial institution stopped their loan or if the business has fiscal or social debts of more than 2 quarters before the start of the Covid19 crisis, unless the business has respected a repayment plan.

5) The proxi-loan from citizens to finance SME's

A proxi-loan allows citizens to use their savings to finance SMEs. The SME receives a payment loan on 1 or more proxi-loans.