Business Capital Loan for Self-Employed in Den Haag
A business capital loan for self-employed in Den Haag falls under the Bbz scheme (Self-Employment Assistance Act 2004). It provides interest-free loans to freelancers and entrepreneurs facing liquidity issues, such as for inventory or day-to-day expenses. The Municipality of Den Haag administers this loan, which does not require immediate repayment but only when finances improve.
What does a business capital loan for self-employed in Den Haag entail?
This business capital loan for self-employed in Den Haag targets self-employed residents of Den Haag in need. Unlike commercial bank loans, it is a form of social support under the welfare scheme. The funds are intended for ongoing expenses like purchasing materials, paying suppliers, or salaries. The maximum amount is twice the welfare benefit for a single person, depending on individual circumstances.
It forms part of the Bbz and builds on the general Bbz welfare for self-employed. Unlike a starter credit for new businesses, this is working capital for existing enterprises in Den Haag.
Legal basis
The business capital loan for self-employed in Den Haag is enshrined in the Self-Employment Assistance Act 2004 (Bbz 2004). Relevant articles:
- Article 11 Bbz 2004: Provides business capital as an interest-free loan.
- Article 12 Bbz 2004: Eligibility criteria, such as proof that the business would cease without the loan.
- Article 18 Bbz 2004: Repayment rules in case of exceeding the hours criterion or business closure.
The Participation Act (Article 45 et seq.) links this to Bbz welfare. The Municipality of Den Haag implements it through local Bbz policy rules, tailored to Den Haag entrepreneurs.
Eligibility conditions in Den Haag
For a business capital loan for self-employed in Den Haag, the following requirements apply:
- You meet the Bbz definition of self-employed: at least 1,225 hours per year (hours criterion).
- Your income is below the income threshold (100-150% of the welfare norm).
- No option for bank financing (provide rejection letters).
- Positive business scan for viability.
- You are a resident of Den Haag and meet welfare conditions.
Practical example: A graphic designer in Den Haag sees commissions drop due to economic pressure. After submitting forecasts, the Municipality of Den Haag approves a €4,500 loan for software and marketing.
Rights and obligations
Your rights in Den Haag
- Interest-free loan up to €20,000 (per local policy).
- No repayment if income remains low.
- Objection to the Municipality of Den Haag, appeal to the District Court of Den Haag.
Your obligations
- Monthly reporting on usage.
- Repayment upon business closure, income increase, or asset sale.
- Accounting records available for inspection by the Municipality of Den Haag.
Comparison with other financing options
| Type | Interest | Repayment | Conditions |
|---|---|---|---|
| Bbz Business Capital Loan Den Haag | Interest-free | Conditional | Income and hours criterion |
| Bank credit | 4-8% | Fixed terms | BKR and collateral |
| Qredits loan | 1-2% | Fixed schedule | Training required |
| BMKB microcredit | Variable | Fixed | Government guarantee |
Application process with the Municipality of Den Haag
- Schedule an appointment with the Municipality of Den Haag, Work, Income and Participation department.
- Submit: Chamber of Commerce extract, financial statements, forecast, bank rejections.
- Business advice via external scan.
- Decision within 8 weeks.
- In case of shortfalls: supplementary welfare possible.
Practical example: A hospitality entrepreneur on the Den Haag boulevard needs €6,500 for suppliers. After the scan, he receives the loan from the Municipality of Den Haag, perfect for the tourist season.
Frequently asked questions
Can I get a business capital loan as a starter in Den Haag?
No, starters qualify for Bbz starter credit (Article 10). Business capital is for ongoing businesses.
What if I can't repay?
The Municipality of Den Haag may grant deferral. In case of fraud, offset against welfare. Contact the Legal Aid Office Den Haag.
Does it vary by municipality, including Den Haag?
Yes, check the Bbz policy rules of the Municipality of Den Haag on their website or call the Legal Aid Office Den Haag.