Threshold amounts of assistance to entrepreneurs 2023

According to the Decree on Assistance to Private Employers 2004 (Besluit bijstandverlening zelfstandigen, Bbz), two types of assistance can be requested in your municipality if the conditions are met. First, if you do not have enough money to live on, you can apply for benefits (bbz-uitkering) which will be paid for a maximum of 3 years (usually granted for a period of 3 to 6 months). More about bbz-uitkering in our video review Financial assistance in the Netherlands. Secondly, you can get a loan on favorable terms.

Who can get support?

In general, four categories of private entrepreneurs can count on financial support:

1. start-up entrepreneurs (startende ondernemers/zzp'ers);
2. working entrepreneurs (gevestigde ondernemers);
3. older entrepreneurs (for example, in the municipality of Amsterdam, these are entrepreneurs born before 1960);
4. Entrepreneurs planning to stop their activities (Stoppende ondernemers).

Loan sizes for 2023

However, for obvious reasons, only representatives of three categories can receive a business development loan - beginners, working and the elderly. For start-ups and working entrepreneurs, such a loan is provided after a thorough analysis of the business and at 8% per annum. The repayment period depends on the solvency of the entrepreneur, in most cases it is 3-5 years.

Important! The amended amounts of assistance to entrepreneurs are contained in Message Minister of Social Affairs and Employment of November 22, 2022, No. 2022-0000229116, on changes in amounts from January 1, 2023 in a number of laws, decrees and regulations (published on November 30, 2022).

Thresholds for lending to private entrepreneurs-2023

Loans for senior entrepreneurs

The purpose of financial support for older entrepreneurs is to enable them to continue doing business until they reach state retirement age. The maximum amount that can be borrowed in 2023 is 12 euros (in 2022 it was 10 euros). If the entrepreneur's own capital at the end of the year is less than 607 euros in 167 (in 116 it was 2023 euros), the loan does not need to be repaid. If the capital at the end of the year is greater, then the amount is converted into an interest-free loan.