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FAQ

• I would like to start up my business but I still have to develop my idea

  Yes, in addition to our loan programme, microStart offers business development services. We offer group sessions as well as individual coaching in order to ensure the proper preparation of your activity.

  Do not hesitate to make an appointment even if your professional project is not yet fully completed. However, the application for credit can only take place once you are fully prepared.

• Do I have to prepare a business plan before I apply for a credit?

  No, it is not mandatory, but it is good if you have a concrete idea and some key figures. If you have already established a business plan of your idea, do not hesitate to bring it with you to the first meeting.

• What could be the purpose of microcredit?

  The purchase of stock, machinery, vehicles or other equipment

  Working capital requirements and to support rental costs for the first few months

  Financing the administration costs associated with starting a business

  Meeting cash flow requirements

  Carrying out market research: test a business idea

  More information is available on our microcredits page

• Is my application likely to be accepted?

  Your application will be presented to the credit committee. The committee will evaluate/analyze your application on the basis of the following criteria:

  • Your experience in the field / as a self-employed person
  • The feasibility of your business plan
  • Your environment and network
  • Your relationship to money and your possible debts
  • Your attitude

  The credit committees are held weekly. It is the committee members who decide whether or not to grant the credit.

• What documents do I need to collect to apply for funding?

  For a credit application, we will ask you for the following documents

  From you:

  (Copy of) Identity card

  Bank card

  The document from the National Bank's Central Individual Credit Register OR the PIN code of the identity card¹

  Personal and professional bank statements for the last 3 months

  Proof of income (depending on your situation: certificate of unemployment, warning from the roll, pay slips)

  Proof of domiciliation (invoice, an extract of the identity card)

  ​From your guarantor:

  (Copy of) identity card

  Bank card

  The document from the National Bank's Central Individual Credit Register OR the PIN code of the identity card1

  Proof of income (depending on your situation: certificate of unemployment, warning from the roll, pay slips)

  Proof of domiciliation (invoice, an extract of the identity card)

   

  We don't necessarily need a business plan. All you need is a concrete idea of the key figures of your business. However, if you have a financial plan, you can always bring it to the appointment.

  ¹ You can consult the document from the Central Credit Register on the nbb website

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