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Working Capital Loan for Self-Employed in Zoetermeer

Self-employed in Zoetermeer can apply for interest-free working capital loans via Bbz from the Municipality of Zoetermeer for operational needs. Conditions and procedure.

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Working Capital Loan for Self-Employed in Zoetermeer

A working capital loan for self-employed in Zoetermeer falls under the Bbz scheme (Decree on Self-Employment Assistance 2004). It provides interest-free loans to freelancers and business owners facing liquidity issues, such as for inventory or day-to-day operational costs. The Municipality of Zoetermeer administers this support, with repayment deferred until finances improve.

What does a working capital loan for self-employed in Zoetermeer entail?

This loan targets self-employed individuals in Zoetermeer struggling with financial bottlenecks. Unlike commercial bank loans, it is a social provision under welfare rules for entrepreneurs. The funds cover essential expenses like material purchases, supplier invoices, or staff costs. The maximum amount is approximately twice the welfare level for a single person, based on your personal circumstances.

It forms part of the Bbz and builds on the broader Bbz support for self-employed in Zoetermeer. Unlike starter credit, which encourages investments, this focuses on ongoing working capital.

Legal basis

The scheme for a working capital loan for self-employed in Zoetermeer is laid down in the Decree on Self-Employment Assistance 2004 (Bbz 2004). Key articles include:

  • Article 11 Bbz 2004: Provides working capital as an interest-free loan.
  • Article 12 Bbz 2004: Approval requirements, such as proof that the business would fail without the loan.
  • Article 18 Bbz 2004: Repayment rules in case of success, cessation, or exceeding the hours criterion.

The Participation Act (Article 45 et seq.) incorporates the Bbz as special assistance. In Zoetermeer, the Municipality of Zoetermeer applies this through local Bbz policy rules, tailored to the region.

Eligibility criteria in Zoetermeer

For a working capital loan for self-employed from the Municipality of Zoetermeer, these requirements apply:

  1. You meet the Bbz definition of self-employed: 1,225 hours per year (hours criterion).
  2. Your income remains below the income threshold (100-150% of the welfare norm).
  3. No option for bank financing (proof via rejections).
  4. Positive business scan demonstrates viable continuity.
  5. You reside in Zoetermeer and comply with welfare rules.

Example from Zoetermeer: A local graphic designer sees assignments drop due to economic pressure. After submitting invoices and forecasts, the Municipality of Zoetermeer approves a €4,500 loan for software and marketing.

Rights and obligations

Your rights in Zoetermeer

  • Interest-free loan up to approximately €20,000, in line with local policy.
  • No repayment if income remains low.
  • Appeal to the municipality, followed by the District Court of Zoetermeer.

Your obligations

  • Monthly reporting on use of funds.
  • Repay upon business closure, income increase, or asset sale.
  • Provide accounting records for inspection by the Municipality of Zoetermeer.

Comparison of financing options

TypeInterestRepaymentConditions
Bbz Working Capital Loan ZoetermeerInterest-freeConditionalIncome test and hours
Bank credit4-8%FixedBKR and collateral
Qredits1-2%FixedTraining required
BMKB MicrocreditVariableFixedGovernment guarantee

Application process at Municipality of Zoetermeer

  1. Schedule an appointment with the Work and Income department of the Municipality of Zoetermeer.
  2. Submit Chamber of Commerce extract, financial statements, forecasts, and bank rejections.
  3. Undergo business advisory with scan.
  4. Decision within 8 weeks; follow up if delayed.
  5. In case of shortfalls: additional assistance possible.

Example from Zoetermeer: A baker in Zoetermeer faces cash flow issues due to advance payments. After the scan, he receives €6,500, crucial for peak periods.

For free advice: Juridisch Loket Zoetermeer.

Frequently asked questions

Can starters in Zoetermeer get a working capital loan?

No, starters qualify for Bbz starter credit (Article 10), aimed at startup investments.

What if I have repayment issues?

Deferral possible for prolonged problems. Fraud leads to offset. Contact Juridisch Loket Zoetermeer.

Does it differ by municipality?

Yes, check Bbz policy rules on the Municipality of Zoetermeer website or call Juridisch Loket Zoetermeer.