People who are unemployed or incapacitated for work are in many cases entitled to benefits through the UWV. After all, the UWV (abbreviation of the Employee Insurance Agency (Uitvoeringsinstituut Werknemers Verzekeringen)) is the body that provides unemployment benefit, WIA, sickness and Wajong benefits. But did you know that in some cases you can also be entitled to a loan through the UWV?
Not for the washing machine, but for work
Borrowing with benefits from the UWV sounds easier said than done… And it is. So you cannot turn to the UWV because your washing machine has broken down or because you have to pay for an expensive repair on your car. Not even when you need the same car to (be able to) fulfill your job application obligation, for example. But when then? Very simple: to get back to work, despite illness, limitations or disabilities. After all, this does not only benefit the beneficiary, but also the UWV: if you can keep your own pants financially, you are no longer (fully) dependent on benefits.
Take out a loan from the UWV, for whom?
You might expect that only UWV customers can qualify for a loan. Yet that is not the case. People who do not receive benefits from the UWV, but who, for example, live on social assistance, are also free to ask the UWV for help. Incidentally, this does not have to be hard cash: the UWV can also provide adjustments or aids in the workplace, such as wheelchair access, special computer equipment or Braille reading glasses. With this, the UWV wants to help people with a disability or disability get started as well as possible.
Borrowing with benefits: the start-up credit
If you want to go through life as an independent entrepreneur, you can turn to the UWV for the so-called starters credit. However, this is only possible if you are not eligible for a loan from a commercial bank or lender. Borrowing with benefits is therefore less easy than you think. The start-up loan amounts to a maximum of $ 34,134 and is intended to set up your own (internet) business. You must of course be able to demonstrate that you actually need this money and what you want to spend it on. It is therefore important to write a good business plan. In this plan you explain what you want to achieve as an independent entrepreneur and how you intend to do that. The work that you want to do as a self-employed person must also match your skills and your (work) experience. So it makes no sense to apply for a starter loan to study law, if you have always worked as a strawberry picker in the past.
Having a benefit from the UWV is not a condition to qualify for the start-up credit. In this case, you can therefore also turn to the UWV if you do not receive benefits from them. You must, however, have an established illness or disability that makes it difficult for you to find a regular job. Furthermore, the illness or disability is expected to last for at least another year and you must be able to work independently. Do you meet all these conditions and are you nevertheless not given a loan from a bank or commercial lender ? Then try it through the UWV. You will always have to take into account that it is a loan and not a gift. This loan must therefore be repaid, within 10 years of receiving it. Interest is also charged by the UWV. This interest is currently 8%.