Starter Loan
The Starter Loan is an attractive and particularly flexible formula for setting up as a self-employed person or for creating a company. It is intended for the unemployed on full benefit, for jobseekers registered for at least three months with the regional employment office, and for beneficiaries of waiting allowances or integration income.
Flexible And Advantageous Financing Formula
- €30,000, on the basis of a personal capital contribution of 25%, which could possibly be borrowed
- Period of 5, 7 or 10 years, according to the nature of the project
- 1 to 3 years of capital repayment grace, according to the nature of the project
- Fixed rate of 4%
- in the event of support and guidance reduced to 3% during the first two years
- The Starter Loan benefits from a guarantee issued under the European Community's Competitiveness and Innovation Framework Programme
With Free Professional Support
The Participation Fund offers you free professional support: specialist organisations from your region will help you to prepare the credit application. For 18 months after the granting of the credit, they will support you during your company’s launch phase.
If You Have To Cease Trading
For the unemployed on benefit, the right to the dole is preserved up to nine years after the beginning of your activities.
If you have to cease trading within five years of the start for serious reasons beyond your control (such as bankruptcy), the Participation Fund can decide to release you from your debt, insofar as the involuntary nature of your cessation is manifest.
Young Self-Employed Plan
The Young Self-Employed Plan offers additional possibilities to young people under the age of thirty who become self-employed for the first time:
- Effective support for starting ones company;
- Expenses of €375 per month for the period of preparation (from 3 to 6 months), cumulable with a waiting or establishment allowance;
- A starter loan and a subsistence loan of €4,500, interest-free, at the start of the activity.