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Working Capital Loan for Self-Employed in Delft

Self-employed in Delft: interest-free Bbz loan for working capital via Municipality of Delft. Conditions, application, and local examples for liquidity support.

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Working Capital Loan for Self-Employed in Delft

In Delft, the working capital loan for self-employed persons under the Bbz scheme (Decree on Assistance for Self-Employed Persons 2004) provides an interest-free loan for working capital. This supports local freelancers and entrepreneurs facing liquidity issues, such as for inventory or daily operational costs. The Municipality of Delft administers this loan, which does not need to be repaid immediately but only when the financial situation improves.

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

This working capital loan for self-employed targets Delft-based freelancers and entrepreneurs in financial distress. Unlike commercial bank loans, it is a form of social assistance. The funds cover essential expenses like materials, supplier invoices, or staff costs. The maximum amount is twice the monthly social assistance rate for a single person, depending on individual circumstances.

It falls under the Bbz and builds on the broader Bbz assistance for self-employed. Unlike the starter credit for startup investments, this focuses on ongoing working capital.

Legal basis

The working capital loan for self-employed in Delft is governed by the Decree on Assistance for Self-Employed Persons 2004 (Bbz 2004). Relevant articles:

  • Article 11 Bbz 2004: Provides working capital as an interest-free loan.
  • Article 12 Bbz 2004: Eligibility requirements, 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 cessation.

The Participation Act (Article 45 et seq.) incorporates the Bbz as special assistance. The Municipality of Delft implements this through local Bbz policy rules; check the website for Delft-specific details.

Eligibility conditions for a loan in Delft

The Municipality of Delft applies these criteria for approval:

  1. You meet the Bbz definition of self-employed: at least 1,225 hours per year (hours criterion).
  2. Your income remains below the income assessment threshold (100-150% of the social assistance norm).
  3. No option for bank financing (provide rejection letters).
  4. Positive business scan demonstrates viable continuity.
  5. You reside in Delft and meet social assistance conditions.

Delft case example: A graphic designer near the TU Delft campus sees assignments drop due to economic pressure. After applying with forecasts, the Municipality of Delft approves €4,500 for software and marketing, saved by local Bbz support.

Rights and obligations

Rights as a Delft entrepreneur

  • Interest-free loan up to approximately €20,000 (per Delft policy).
  • No repayment if income remains low.
  • Objection with the Municipality of Delft, appeal to the District Court of The Hague. Seek free advice from the Legal Aid Office in Delft.

Obligations

  • Monthly reporting on fund usage.
  • Repayment upon business cessation, income increase, or asset sale.
  • Make accounting records available for inspection by the Municipality of Delft.

Comparison of financing options

TypeInterestRepaymentConditions
Bbz Working Capital Loan DelftInterest-freeConditionalIncome and hours criterion
Bank credit4-8%Fixed termsBKR check, collateral
Qredits1-2%FixedTraining for starters
BMKB microcreditVariableFixedGovernment guarantee

Application with the Municipality of Delft

  1. Contact the Municipality of Delft, Work and Income department, for an appointment.
  2. Upload: Chamber of Commerce extract, financial statements, forecast, bank rejections.
  3. Complete business advisory with external scan.
  4. Decision within 8 weeks; otherwise, follow up.
  5. In case of shortfall: additional assistance possible.

Delft case example: A local baker in central Delft needs €6,000 for advance supplier payments. After a successful scan, the Bbz loan bridges the busy holiday period.

Frequently asked questions for Delft

Can I get a working capital loan as a starter in Delft?

No, starters qualify for Bbz starter credit (Article 10). Working capital is for established self-employed.

What if I have repayment issues?

The Municipality of Delft may grant deferral. In cases of fraud or cessation, it is offset against benefits. Contact the Legal Aid Office in Delft for guidance.

Does it vary by municipality, including Delft?

Yes, check the Bbz policy rules on delft.nl or call the Municipality of Delft.