PLUS-loan
The PLUS loan is a collatoral-free subordinated loan that is provided to supplement bank credit and self-financing.
Bankers consider LRM’s PLUS loan as additional equity and therefore as leverage for more financing from the banks.
The amounts granted as PLUS-loans range from 50,000 to 250,000 euros.
The target group consists of established, small family businesses in traditional industrial sectors and service sectors. Top-quality starting enterprises that can present a profit-yielding activity before they start are also eligible.
| Target group |
Small & Medium Limburg Enterprises
- European definition of small enterprises (*)
- No Life Sciences, ICT & Media or Cleantech
- That are intrinsically healthy
Excluded: small-scale retailing
|
| Form |
Deferred loan |
| Amount |
Min. 50,000€ - max. 500,000€ |
| Term |
7 years including 1 or 2 year tax-free allowance
on capital |
| Interest rate |
8% |
| Guarantee |
None |
(*) Enterprise with less than 50 employees and turnover or net worth less than 10 million €.