Factsheet for measure
BE-2022-25/3191
– measures in Belgium
'Bridging loan' to financially support enterprises
Overbruggingslening
Background information
The Flemish government has set up an adapted financing system, called the bridging loan, to support SMEs and large enterprises with their immediate liquidity problems. These problems are caused by the war in Ukraine and result in rising costs of goods, especially energy. Enterprises operating in the agriculture, horticulture, fisheries and aquaculture sectors can apply for the bridging loan.
The loan can be used to finance purchases from multiple suppliers of goods, services or investments. It can also be used to reimburse costs of rent.
Content of measure
The minimum loan provided is €10,000. The annual interest rate, ranging from 3.56% to 5.06% (valid from 1 April to 1 July 2023), depends on the company's size and the chosen repayment period.
The maximum borrowing limit is €2 million. Repayment is made monthly in equal instalments, starting after a 24-month grace period. Interest repayment is also made monthly, without any grace period.
On 3 January 2023 an additional 'extended bridging loan' of up to €2 million was launched. This loan is open until 15 December 2023. The loan amounts to a minimum of €10,000 and has a term of 3 or 5 years.
Use of measure
No data
Target groups
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Workers
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Businesses
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Citizens
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Does not apply to workers
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Applies to all businesses
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Does not apply to citizens
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Actors and funding
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Actors
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Funding
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Local / regional government
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Regional funds
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Social partners
Social partners' role in
designing the measure
and form of involvement:
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Trade unions
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Employers' organisations
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Role
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Unknown
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Unknown
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|
Form
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Not applicable
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Not applicable
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Social partners' role in the
implementation, monitoring and assessment phase:
-
Unknown
-
Main level of involvement: N/A
Involvement
No reports on involvement of social partners.
Views and reactions
No public statements of views of social partners.
Sources
