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.