Tilburg municipality steps in to help its entrepreneurs

The Tilburg municipality has as we speak launched a brand new help programme for beginning entrepreneurs. Eligible entrepreneurs can apply for a mortgage of as much as 15.000.

The rescue comes simply in time. Robust corona restrictions value beginning companies extra than simply their income. With the excessive uncertainty across the pandemic, banks are shedding religion within the hospitality trade. This makes it significantly onerous for entrepreneurs to get help.

Whereas the nationwide authorities guarantees help packages for beginning companies, these might be accessible no sooner than Might. Each month with out income could be detrimental to a beginning enterprise, so Tilburg determined to take the issues into their very own palms. The help programme from the municipality is thus a welcome shock for enterprise house owners.  

No curiosity for the primary yr

The programme is designed in order that the mortgage doesn’t should be repaid for the primary three years, and the primary yr is interest-free. After that, the rate of interest for collaborating companies is 2%. 

Tim Frenken, the proprietor of town seashore Beachy, has combined emotions concerning the programme. “Some entrepreneurs have already got such excessive money owed that they don’t wish to take out one other mortgage,” he tells RTL Nieuws.

Nonetheless regardless of this reservation, he’s grateful. “You usually don’t really feel heard in a disaster like this. It’s good to see the municipality stepping in.”

What do you suppose? Would you wish to see different municipalities pitch in and provides native companies help?  Tell us within the remark beneath!

Characteristic picture: Andrew Neel/Unsplash

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