The Dutch government has made € 300 million available for bridging loans for startups, scale-ups and innovative SMEs.
The Coronavirus Bridging Loan (COL) is an emergency loan for innovative entrepreneurs and SMEs who do not have a bank loan facility and are facing financial difficulties as a result of Covid19. This facility was developed as part of an intensive collaboration between the Dutch Ministry of Economic Affairs and Climate Policy (EZK), the joint Regional Development Corporations (ROMs) and TechLeap.nl, and with the close involvement of Invest-NL. At the request of the EZK, the ROMs are providing bridging loans of between €50,000 and €2 million.
The Corona Bridging Loan (COL) will, at the government’s request, be provided by the regional development agencies (RDAs)