Dutch provide support for SMEs

The Dutch government yesterday announced increased credit-line support for small and medium sized companies having trouble getting credit from their banks.

The new rules will allow companies with a workforce of up to 250 people to apply for the support, which will see the Dutch government guarantee a loan of 1.5m Euro, up from 1m Euro, with new businesses eligible for support of 200,000 Euro, doubled from 100,000.

The regulations will encompass 700,000 businesses employing 4 million Dutch workers.