It all starts with a promising idea, the proper skills and the right ambition but you are missing the money to get your startup off the ground. Starterslift Investments can help you with the funding part. This will happen through a loan which you will pay off during a certain period. We would like to tell you a little bit more about the possibilities.
The way of work of our funding
The Starterslift Investments pre-seed loans are specifically meant for knowledge-intensive startups. When you apply to get an investment for you startup, there are some things you should take into account. We made a list of all these features.
- When the startup has more than one founder or shareholder, the maximum loan will be € 50.000,-. The payment will awarded in equal pieces to al the founders or shareholders.
- When you run the startup on your own, you will get a maximum investment of € 35.000,-.
- The minimum loan in both circumstances will be € 5.000,-.
- The funding will be awarded to you as a person. You are required to put the investment in your startup.
- The payment takes place by declarations, which are equipped with invoices and proof of payment.
When Starterslift Investments starts financing your business, the fund can only be used for initial and startup -costs, licensing intellectual property and prototype development. The research into commercial and/or technical viability, rent for enterprise accommodation and external guidance and support can financed with this funding. It is possible to pay your livelihood, but this will be under strict conditions.
The duration is the period in which the loan is secured. The duration differs per fund. This means the duration is different for every startup. It is intended to pay back the full amount of money we invested in your startup. We work with two different durations. We would like to tell you a bit more about this subject.
Loans until € 18.000,-
Loans up to and including € 18.000,- have a total duration of three years. The first two years of the investment in your startup are redemption free. During the third year, you will repay the loan in twelve equal months. You can redeem your fund penalty free during the whole duration of the loan. However, these amounts of money cannot longer be used for your startup.
Loans from € 18.000,-
Loans starting from € 18.000,- have a total duration of four years. The first two years are, just like the first loan, redemption free. The third and fourth year you will pay off your loan in 24 equal monthly instalments. You can always redeem the loan without penalty, but the redeemed amount cannot be put in the startup again.
The interest rate of Starterslift Investments is 5%. This rate will be the same during the whole period we invest in your startup. The interest rate will be calculated for the entire period. This means you will pay the interest once a year during your grace period. When you start to repay the fund, the interest will be settled in the monthly instalments.
Get in touch
Often times, the funding from the Starterslift Investment fund is only the first piece in the puzzle of the total financial requirements of your startup. Your Braventure business developer will help you explore options for future funding. Are you interested in hearing about the possibilities to get an investment for your startup? Get in touch with a business developer via the button below.