A CREDIT TO LAUNCH OR EXPAND YOUR BUSINESS
Simple, fast and efficientGet your credit in less than 15 days
Free coachingCoaching, Trainings & E-learning
Simulate your credit
Conditions at 1/11/2021
Fixed interest rate from 9,4%.
Application fees are 5% up to 15 000€, and 4% from 15 001 to
25 000€
This simulation, carried out via the microStart website, does not commit the customer or microStart.
Beware, borrowing money also costs money. microStart is very vigilant in situations of over-indebtedness and trains its employees to prevent any risk in this area.
Credits of more than € 15 000 are reserved for entrepreneurs who have been in business for more than a year.
| Monthly repayment | |
|---|---|
| Total repayment | |
| Application fees * * Included in the amount lent by microstart |
| Need for… | Credit | Duration | Monthly repayment | Application fees |
|---|---|---|---|---|
| Cash | € 500 | 6 months | € 86,13 | € 25 |
| Stock | €1.000 | 12 months | € 88,57 | € 50 |
| Vehicule | € 5.000 | 24 months | € 231,65 | € 250 |
| Construction works | € 10.000 | 36 months | € 324,55 | € 500 |
Discover our solutions
JUMP
You have a business project and want to start up soon. You started your business less than a year ago and want to develop it.
Credit up to € 15.000
- Duration up to 48 months
- Interest rate from 10,4% (fixed rate)
- Application fees of 5%
Free coaching
- Set up the financial plan of your business project.
- Personalised coaching to start up and manage your business.
BOOST
You started your business more than a year ago and you now want to expand it.
Credit up to € 25.000
- Duration up to 60 months
- Interest rate from 9,4% (fixed rate)
- Application fees of 5%
Free coaching
- Personalised coaching to manage and develop your business.
Good to know
- Early repayment of your credit are possible, at any time and without charge or penalty.
- You may postpone the first repayment of your credit up to 3 months.
- If you are starting a business, your credit may be coupled with a “loan of honour” with 0% interest for one third of the amount borrowed and up to € 3.000 maximum (under conditions).
- microStart offers an interest-free loan to those who wish to do so for cultural, religious or ethical reasons (see conditions with our advisors).
Something for me?
- I already have a business or would like to start soon.
- I would like to test a business idea.
- I need money for my business project, maximum
€ 25.000. - I don’t have access to the conventional banking sector to finance my project.
- Someone close to me, who believes in my project, is willing to be the guarantor for my loan.
- I’m not in collective debt settlement
Do you need more info? Don't hesitate to consult our FAQ or to contact us
microStart, how does it work ?
At microStart, we will do our very best to give you an appropriate answer in the shortest possible.
Make an appointmentonline, by phone or in one of our agencies
we analyse your projectyou get an answer within 10 days
we sign a contractthe credit is disbursed and transferred to your bank account
You start your projectyour monthly repayments start
Enjoy our free coachingor additional financing if needed
FAQ
-
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
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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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Do I need a guarantor for my loan?
At microStart, we always ask you to have someone who is responsible for 50% of the loan amount.
The guarantor can be for example a family member or someone close.
If you can't find anyone to vouch for you, we can offer you an alternative option that is prior savings. In some cases, we allow a deposit equivalent to 25% of the loan amount. This amount, of which you must justify the origins, will remain blocked for the entire duration of the loan in a guarantee savings account opened with BPost. You will recover this amount, once the entire loan has been repaid.
NB: with the committee, an application with prior savings is considered to be more risky and is therefore more likely to be rejected than an application with a guarantor.
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What should I do if I need more than 25.000€?
microStart works in partnership with organisations that offer co-financing. In some cases, they can complement your initial financing needs. For more information, do not hesitate to contact one of our agencies.
+32 2 486 63 41
The funding is supported by the European Union under the Guarantee Facility established in accordance with Regulation (EU) No 1296/2013 of the European Parliament and of the Council on a European Union Programme for Employment and Social Innovation ('EaSI').
