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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.

 
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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 2020. 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.
     

Want to know more?

Would you like to know more about the financial options offered by LIOF? Let us know, we'll be pleased to help you.

Ruben Nabben
Your advisor:
Ruben Nabben
+31 6 53 33 24 97
ruben.nabben@liof.nl

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