"Advance" loan for the cultural and events sectors
15 March 2022
A new aid that allows Brussels companies in the cultural and event sectors to benefit from a cash advance in order to resume their activities, to meet fixed costs and to ensure the development of new projects.
In addition to the economic incentives and the Warranty Fund, a new aid is being introduced for the cultural and event sectors in the Brussels-Capital Region: the "Advance" loan.
This new measure will allow companies with at least one unit of establishment in the Brussels Region to benefit from a cash advance in order to resume their activities, meet fixed costs and ensure the development of new projects.
This Advance Loan is offered at the advantageous rate of 2% for amounts ranging from 10,000 to 150,000 euros, to be repaid over a period of 36 months after a 12-month moratorium.
Applications can be made until July 31, 2022 (with a possible extension to November 15, 2022).