As several companies and entrepreneurs are struggling due to the ongoing COVID-19 crisis, the Dutch Cabinet is taking exceptional measures to support them financially. To ensure this, The Dutch Cabinet has created the Corona Bridge Loan (COL) especially for startups, scaleups and innovative SMEs that have been affected by COVID-19. Previously, it granted €100 million for the impacted startups and scaleups and now it has been supplemented by another €150 million to meet the financial needs of these companies.
The Corona Bridging Loan (COL) is an emergency loan for innovative entrepreneurs and SMEs sans a bank credit relationship, who have faced financial difficulties due to COVID-19. It was established in intensive cooperation between the Ministry of Economic Affairs and Climate (EZK), the joint Regional Development Companies (ROMs) and TechLeap.nl along with a close involvement of Invest-NL.