Apply for additional funding

Apply for additional funding

Background

The Belgian Minister of Finance, the National Bank of Belgium and Febelfin (the Belgian federation for the financial sector) have reached an agreement on the measures to help companies cope with the coronavirus crisis.

For more information, please go to the Febelfin website.

This agreement means that, until 31 October 2020, you can apply for a repayment holiday on your current loans and/or apply for additional funding with a government guarantee, at no extra charge.

Will a repayment holiday on my current investment credit be enough on its own?

Start by applying for a repayment holiday on your current investment credit, after which you can apply for additional funding.

> Apply for a repayment holiday on your investment credit

If you’re looking for a solution for deferring payment for other types of funding, such as leasing facilities, renting facilities, roll-over credit or advances in current account, don’t hesitate to get in touch with your usual contact or KBC Brussels Live (weekdays from 8 a.m. to 10 p.m. – Saturdays from 9 a.m. to 5 p.m.).

A KBC Brussels customer in need of additional funding?

We understand that you could use additional financial support because of the coronavirus situation. As one of our customers, therefore, you can now apply on this page for additional funding for a limited period of time.

Note: we’re receiving large numbers of applications, which we want to process as quickly and efficiently as possible. For this reason, you can only submit an application via this page.

We’ll contact you once we’ve assessed your application or if we need any additional information.

I have a dedicated contact or relationship manager at KBC Brussels, so why do I need to submit my application for funding through this page?

Due to the exceptional circumstances, we’re receiving large numbers of applications, which we want to process as soon as we possibly can. That’s why we’ve temporarily changed our procedure and require applications to be submitted on this page only.

We’ll contact you once we’ve assessed your application or if we need any additional information.

How soon will I receive a response to my application?

Due to the coronavirus crisis, we’re receiving more applications than we would under normal circumstances. This is impacting our processing times. All applications are assessed in order of receipt. We’ll contact you once we’ve assessed your application or if we need any additional information. Our experts are doing their utmost to send you a response as soon as possible. Thank you for your patience.

Is there any way to ensure my application is processed quicker?

We would advise you to download and complete the questionnaire, fill in the form below in as much detail as possible and then send everything to us. To make sure you complete the questionnaire correctly, we recommend enlisting the help of your accountant. This will help us to assess your application more quickly and reduce the probability of us needing to ask you for additional information.

Applying for additional funding

The process for applying for additional funding is outlined below:

  1. Download the questionnaire and save the file to your computer. Complete the questionnaire in as much detail as possible.
  2. Next, fill in the details of your company. Also upload the completed questionnaire as a file and tick the declarations confirming your agreement.
  3. Finally, click ‘Submit application’

Note: you may submit a maximum of one application per company number.

We’ll contact you once we’ve assessed your application or if we need any additional information.

1Your company
This number is 10 digits long
Format BExx xxxx xxxx xxxx (please omit spaces)
Find branch
2The contact for this application
3Your completed questionnaire
Browse…
4Declaration of agreement – Declaration on honour
  • It is a non-financial undertaking(1) that is permanently established in Belgium and is registered in the 'Crossroads Bank for Enterprises' database
  • It is a small or micro enterprise because, together with its partner or associated enterprises, it meets – on a consolidated basis and on the balance sheet date of the last year of audited financial information – the criteria set out in Annex 1 of Regulation (EU) 651/2014:

    - average annual number of employees: less than 50, and
    - annual turnover excluding VAT or balance sheet total: maximum 10 000 000 euros

     and this for two successive financial years

    or

    It is a medium-sized enterprise because, together with its partner or associated enterprises, it meets - on a consolidated basis and on the balance sheet date of the last year of audited financial information - the criteria set out in Annex 1 of Regulation (EU) 651/2014:

    - average annual number of employees: less than 250, and
    - annual turnover excluding VAT: maximum 50 000 000 euros and/or balance sheet total: maximum 43 000 000 euros

    and this for two successive financial years

    and, insofar as the medium-sized enterprise was not deemed to be an undertaking in difficulty on 31 December 2019 (2)
  • At group level, it: 

    - is not subject to and does not meet the criteria for collective insolvency proceedings, such as bankruptcy, judicial reorganisation, liquidation or removal of management
    - has not received any rescue aid that has not been reimbursed, and
    - is not subject to a restructuring plan after receiving restructuring support 
  • It is not a property company or a management company (3)
  • The company, or an affiliated person, will notify the bank immediately if it has submitted an application for the same cash requirement or is planning to submit an application to another financial institution
 

(1) As defined in Article 6 §2 of the Government SME Guarantee Act or, in summary, any natural person practising a profession independently or any legal entity, apart from a) public entities, b) financial institutions, c) companies that grant loans exclusively or mainly for their own account as part of their usual professional activity, or companies whose subsidiaries are (b) or (c).

(2) As defined in Article 2.18 of Regulation (EU) No. 651/2014 and summarised as follows in this context:
(i) A medium-sized enterprise in existence for more than three years at 31 December 2019 and whose shareholders’ equity is less than half of the (subscribed) share capital. 
(ii) A medium-sized enterprise that, on 31 December 2019, was subject to collective insolvency proceedings (for instance, in bankruptcy, winding-up or liquidation proceedings, had ceased trading, had filed a petition for or was subject to judicial reorganisation proceedings, or was subject to any other similar insolvency proceedings).
(iii) A medium-sized enterprise that was receiving rescue aid on 31 December 2019 and has not yet reimbursed the aid or terminated the guarantee, or is still subject to a restructuring plan.

(3) As defined in Article 145/26, § 3, 5° and 6° of the 1992 Income Tax Code.

  • Will not use those funds to refinance any loans taken out with the bank or any other financial institution, with the exception of a possible refinancing of a loan granted under the (first) federal guarantee scheme (as provided for in the Act of 27 March 2020)
  • Will use those funds exclusively for funding its activities in Belgium, with the exception of a maximum of 10% of any funding granted for a qualified activity abroad(4) that may in no way be performed at the expense of the Belgian activity
  • Will not use those funds to finance a group entity that is subject to collective insolvency proceedings
  • Will not use those funds to finance activities of property companies or management companies
  • Has estimated and justified the cash requirements in good faith based on the most recent and accurate information the company had at its disposal
  • Is aware that the bank may request additional security and that relevant information is available at www.financementdesentreprises.be/fr/chercher-un-credit/suretes
  • Is aware that the government is providing various types of support and guarantees and that these are summarised at www.financementdesentreprises.be/fr/accompagnement-soutien-et-garanties-publiques
  • Confirms that all the declarations made in this document are correct and based on the information available to it at the time
  • Will provide the requisite original supporting documents upon KBC Brussels Bank’s request in connection with the above-mentioned declarations

(4) The activity abroad must meet the following conditions:

a) The activities abroad must be performed by the company itself or by an entity under the exclusive or joint control of the company.
b) Continuity of the activity abroad is crucial to the Belgian activity.
c) There is no other way to fund the activities abroad sustainably and under normal market conditions.

  • If funding is granted that is covered by the federal SME guarantee scheme, it will owe a one-time fee equal to 0.50% (on an annual basis) of the amount of the loan or credit line, calculated for the entire term of the loan/credit facility.
  • It hereby authorises the bank to deduct the above-mentioned fee in advance from the loan/credit facility that has been granted or to debit it from the account linked to the loan/credit facility.
  • The federal government assumes the rights of the bank if the government guarantee is used, and will do so for a sum equal to the amount it has paid.
  • This information and declaration will form an integral part of any loan/credit agreement. The loan/credit will only be granted when the relevant agreement has been signed and the guarantees established.
The bank is entitled to cancel the additional funding with immediate effect if false or fraudulent information has been provided.

KBC Brussels aims to process your personal data in a manner that is lawful, appropriate and transparent. More information on how KBC Brussels processes and shares your personal data can be found in our data protection statement. It also explains your rights and how you can exercise them. Our data protection statement, which is updated on a regular basis, is available at KBC Brussels Privacy Statement, at your branch or from your intermediary.

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