Fonds Bruxellois de Garantie
Guaranteed business credit
The Fonds Bruxellois de Garantie was created with the aim of stimulating business in the Brussels-Capital Region. The fund underwrites a considerable part of the guarantees credit institutions demand from SMEs and the self-employed to access a line of credit.
- The fund only gets involved for activities that are performed in the Brussels-Capital Region.
- The credit institutions must pay a one-off fixed payment to obtain a guarantee from the fund.
- The guarantee is also issued on top of other guarantees and the credit institution is expected to shoulder some of the risk.
- Applications can be made by the applicant (the businessperson) or the credit institution.
Since 2008 the front-office activities of the Fonds Bruxellois de Garantie (handling applications, notifications of decisions) has been managed by finance&invest.brussels (formerly Brussels Regional Investment Company), while the Fonds de Participation is responsible for back-office activities (management of guarantees, disputes).
Contact
Fonds Bruxellois de Garantie |
Legal basisThe Fonds Bruxellois de Garantie is regulated by the Order of 22 April 1999 and the Order of the Government of the Brussels-Capital Region of 5 April 2004 (published in Moniteur belge on 14 October 1999), as well as the Order of the Government of the Brussels-Capital Region of 19 June 2008 (published in Moniteur belge on 27 August 2008), which came into force on 1 October 2008. |
Info updated on 2 November 2020
