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+32 2 548 22 11
info@finance.brussels
Brussels Entrepreneurial ecosystem
+32 2 548 22 11
info@finance.brussels
Brussels Entrepreneurial ecosystem
Our financing solutions

OPEN-UP, a micro-loan for (future) self-employed entrepreneurs

Start your activity with financing of up to 30,000€

OPEN UP is a financing solution designed for anyone wishing to launch or develop an activity as a self-employed person, whether as a main or secondary occupation. This microfinance product combines financial support with personalised guidance throughout the entire duration of the loan.
Download the application form
How it works
OPEN UP loan features
OPEN UP loan costs
Funding procedure

How does it work?

OPEN UP is intended for individuals and micro-businesses who have difficulty accessing bank financing. The required financial contribution is minimal, and the key focus is that the applicant has the necessary skills, a coherent project, and an entrepreneurial mindset.

OPEN UP does not require any guarantees from the beneficiaries.

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OPEN UP loan features

Who is OPEN UP for?

OPEN UP is aimed at individuals seeking an entrepreneurial pathway. Through this financing, aspiring entrepreneurs have the opportunity to start a business, improve their situation, and make a living from their own activity.

This product can also support businesses already operating but experiencing difficulties in accessing finance.

What amount can be invested by BRUSOC?

BRUSOC, the finance&invest.brussels subsidiary supporting self-employed entrepreneurs, can invest up to 30,000€, with a minimum personal contribution of 3% from the project owner.

What are the advantages of OPEN UP compared to a bank loan?

OPEN UP is designed for individuals and businesses that are unable to obtain bank credit. However, applicants must demonstrate repayment capacity in order to benefit from micro-financing.

OPEN UP loan costs

What is the interest rate for OPEN UP?

The interest rate for the OPEN UP loan/micro-financing is 4%.

What are the repayment terms?

The OPEN UP loan is granted over a repayment period of 2 to 5 years, with monthly repayments.

Examples:

  • For a 25,000€ loan over 2 years, monthly repayments would be approximately 1,085€, with a total cost of 1,055€, i.e. 26,055€ to be repaid.
  • Over 5 years for the same amount, the monthly repayment would be around 460€, with a total loan cost of 2,625€, i.e. 27,625€ to be repaid.

Can I benefit from OPEN UP without personal contribution?

To be eligible for OPEN UP, a minimum personal contribution of 3% of the requested amount is required.

For example, for a 10,000€ loan, you must be able to contribute at least 300€.

What are the eligibility conditions?

To benefit from OPEN UP, you must:

  • Have the necessary skills to carry out the activity, and where applicable, the required licences or permits
  • Present an economically viable project
  • Demonstrate repayment capacity based on current results and/or realistic financial forecasts

Funding procedure

The OPEN UP financing process is designed to be light, flexible and agile. The goal is to process applications within a maximum of 4 weeks. Processing begins once the submitted application file is considered complete.

Funding steps

Submission of your file directly to Brusoc or via a support organisation (LEO, hub.brussels)
Analysis of your file and possible support from Brusoc to complete it
Meetings with a Brusoc analyst to assess the robustness of your file and identify any gaps
Presentation of the file to the Board of Directors, which decides on the granting of the financing
After approval, free support is provided to project promoters (legal, financial, administrative support, etc.)

Documents to provide

OPEN UP application form download here or a business plan

ZCV of the project promoter + copy of ID card
ZProfessional access authorisations
ZQuotes for planned investments
ZIf the activity is already running: accounting statements and VAT returns for the current year
ZIf the application concerns a business takeover: draft transfer agreement, balance sheets and income statements of the seller for the past 2 years

Request funding 

Do you need financial support to launch or grow your business?

We offer a range of tailor-made financing solutions. Request funding by completing this form. We will assess your request and get back to you with a first answer within 3 weeks.

Prepare your request
Request funding
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