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70 committed LIOF colleagues help your company grow with advice, a solid network and financing, to strive for a smarter, more durable and healthy Limburg.

MKB Leningenfonds (SME Loan Fund)

Are you in the idea, start-up, or growth phase, and are you looking for co-financing? The MKB Leningenfonds (MKBLF) provides loans to help SMEs move forward with working capital and/or investments in fixed assets.

Am I eligible for co-financing?

You are eligible for an MKBLF loan from MKBLF if your company is in the start-up, expansion, or growth phase. It is important that the company is actually located in Limburg: i.e. that you are physically and actively present there.

Which companies preceded you? View our portfolio.

What don't we finance?

Repayment of banking facilities
Management buy-in or buy-out
Company takeover
Restructuring
Companies with activities directly involved in*

_{* socially irresponsible/unethical/illegal activities, human trafficking, tobacco industry, production of landmines, cluster munitions & launch systems, chemical/biological/nuclear weapons in violation of the Nuclear Non-Proliferation Treaty, real estate & project development.}

What can I expect?

The features of our loan

Co-financing by MKBLF has specific features.

Loan features:

Non-convertible, possibly subordinated
Minimum of €150,000 - maximum of €1,000,000
Bullet repayment is standard (single repayment on maturity, no later than 1 January 2025), customization is possible
Average market interest rate (4% - 11%) 7% - depending on credit rating based on EU Communication 2008/C 14/02
Quarterly interest payment
0.75% handling fees.

Perhaps needless to say, there are also some things we expect of you as an entrepreneur. These are the conditions we set for you.

The conditions:

Submission of a business plan
You cannot borrow more than 50% of the total financing requirement
You must provide as much security as possible
No dividend may be paid during the term of the loan
Your company must meet the integrity test by the investment manager
You must not be an entrepreneur for income tax purposes, such as a sole proprietorship or VOF.

Application for co-financing

What do I need to do?

This scheme runs until 1 January 2021. That date will have arrived before you know it! Submit your application for co-financing, including a detailed business plan, to one of our investment managers. We then assess your application.

Test criteria for applications:

Quality of management
Concrete market demand
The soundness of the organization
Efficiency
Entrepreneurship
Appropriate allocation of risk between financiers
Economic impact in the province
Social return, sustainability, and CSR.

See which companies went before you.

All steps in a row

Your application starts with an e-mail to one of our investment managers with a detailed business plan attached
The investment manager assesses the business plan for feasibility
Negotiations on the loan begin
A due diligence is performed
The investment manager draws up a credit proposal
The Credit Committee issues an independent recommendation after considering the business plan and the credit proposal. After receiving the recommendation of the Credit Committee, the management decides whether to grant the proposed financing
If the recommendation and decision go your way, the loan agreement and the payment of the handling costs follow
The loan from the SME Loan Fund starts under the management of the investment manager.