PMV Start Loan (Startlening).

Details

• Source: https://www.pmv.eu/product/startlening/
• Organisation: PMV
• What is it? Subordinated loan for starters (Start Loan)
• Amount: up to €100,000
• Term: 3–10 years
• Fixed interest rate (source page): 3%
• Own contribution: minimum 25% of the credit amount

What is the PMV Start Loan?

The Start Loan is a subordinated credit from PMV that helps start-ups and young companies finance start-up or growth. Because the loan is subordinated to bank loans, it can strengthen your solvency (banks consider this, according to the source, as an extension of equity).

Who is it for?

According to the source page:

• companies, self-employed people and liberal professions
• who still need to start in their main occupation or have been active for max. 4 years

The source page also lists exceptions/nuances and extra advantages for certain profiles — check the conditions on the PMV website if relevant.

What can you use the Start Loan for?

According to PMV:

• tangible, intangible and financial investments
• working capital when starting or expanding your activities

It is not intended for, for example, refinancing existing debts/commitments (with exceptions and excluded purposes listed by PMV).

Key features (summary)

• Max credit amount: €100,000
• Term: 3–10 years
• Fixed interest: 3%
• Repayment: monthly
• Principal grace period: standard 1 year; can be extended to 2 years (with a +0.25% interest increase, according to the source)
• Own contribution: min. 25% of the credit amount

How to apply? (process on the source page)

1. Prepare a business plan (including a financial plan)
2. Review the checklists (natural persons / companies)
3. Submit the file (yourself or via a partner/referrer)
4. Analysis by a credit analyst → advice to the credit committee
5. Decision (credit proposal or motivated refusal; resubmission possible with extra info)

Practical tips

• Allow time for your file: your business plan and financial plan need to be consistent.
• Ideally work with an advisor (accountant/financial advisor or partner) to get to a complete file faster.
• Use the checklists at the bottom of the PMV page as a starting point.

Link

• https://www.pmv.eu/product/startlening/