Take out a loan with the UWV

Are you going to start your own business? Taking out a loan to finance your own business is not always easy. If you start from home and don't need many resources, starting is not such a problem. But do you need seed capital to get started? Then it sometimes becomes difficult. You must have a good business plan if you want to be eligible for a loan at all. Banks have long ceased to be lenient with providing start-up credit. Fortunately, there is the lender Wredit for starters, but if it also fails there, you may be able to take out a loan from the UWV . You can read here how this should be done and what requirements you must meet.

When can you take out a loan with the UWV?

You can only get credit from the UWV if you are not eligible for it with a commercial bank or lender .

In addition, you must meet the conditions of the UWV, which means, among other things, that you have a structural functional disability (SFB) that is expected to last for at least another year. Another condition is that the company you want to start fits your current skills and you must be able to carry out the work independently. You do not necessarily have to receive a benefit from the UWV.

Borrow money for a starting entrepreneur

The money you want to borrow to invest in your own business start, called the UWV the starter credit. You can also ask the UWV to provide a guarantee, so that a commercial bank lends you the money.

If this does not work, you can borrow directly from the UWV. The conditions are fairly flexible, with a relatively low interest rate and a long term to maturity. However, you must enclose a recent statement from the Credit Registration Office (BKR) with your application. It can take up to eight weeks for your application to be assessed.

Loan for starting entrepreneurs with BKR

In principle, companies do not receive a BKR registration for a business loan. Only if they cannot meet their payment obligations will they receive a negative registration (after repeated warning).

But for sole proprietorships, your personal BKR registration for a business loan is always looked at. Banks are more likely to refuse you if it is negative. If you want to take out a loan with the UWV, you will also be asked for your BKR status. But if you have a good business plan, or can otherwise substantiate good forecasts, a negative private listing in the BKR does not have to be an immediate objection.

So are you planning to start your own business but are you bumped into financing? Then it is worthwhile to see whether you can take out a loan with the UWV.

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