Under the regular scheme, the Dutch government guarantees loans to SMEs up to 50% of the loan provided by the financier. The size of the maximum guarantee has been increased from 50% to 75% for loans with a maximum amount of €266,667. For loans of more than €266,667, the guarantee is capped at 50%. In addition, the maximum loan for which the guarantee applies has been increased from €1m to €1.5m. With effect from 28 April 2020, the term of credit has been extended to four years. Furthermore, the scheme has become more accessible due to the use of a turnover test instead of a comprehensive liquidity forecast. The scheme can be used by companies for bridging loans or to increase their current account credit.
The premium for the Dutch government guarantee has been decreased from 3.9% to (i) 2% for a loan with a duration of 8 quarters or less; and (ii) 3% for a loan with a duration between 9 and 16 quarters.
In response to the COVID-19 outbreak, the Dutch government has increased the budget for this scheme from €765m to €1.5b.
This scheme is available for small and medium sized enterprises (SMEs) established in the Netherlands that have substantial activities in the Netherlands (except for undertakings active in agriculture, fisheries, public health care, insurance and finance, and real estate).
Eligible SMEs apply to an accredited financier, which is usually a bank. The accredited financiers can then apply to the Rijksdienst voor Ondernemend Nederland.
You can find the eligibility criteria and the list of accredited financiers via https://www.rvo.nl/subsidie-en-financieringswijzer/garantie-ondernemingsfinanciering-go/verruiming-go.
Rijksdienst voor Ondernemend Nederland
Until 30 June 2022