Start Your Own Business

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Start Your Own Business

• Set up shop in Brussels/Belgium,
• Cash management, Financing, Insurance
• Dave Deruytter, ING South West Europedave.deruytt
  er_at_ing.be, 02-547.86.26, October 2009

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ING Business Plan

• ING Business Set up and Financing Services

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Content

• Bank account and Cash Management
• Financing Services
• Insurance Services
• Government Aid
• www.ing.be/starters

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1. Bank account Cash Management

• Set up a (separate) professional bank account
• to meet your professional needs
• Monitoring managing the account
• Domestic and international payments
• Receiving payments also FOREX
• Internet banking Do all the above online, even
  multi-currency and international if needed
• Additional services
• Debit credit card, direct debit/credit, cash
• Company in set up (Company under construction)
  bank account to pay the capital of the company
• Bank Insurance services for Self-Employed
  Companies www.ing.be/professional

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2. Financing Services

• Loan Application
• Who are you - the (a) shareholder, the
  manager
• -
  training, experience
• -
  competence, reputation, crisis management
• - own resources ?
• Why - what is the purpose
  of the loan
• - what is the
  product/service, market, competition,
  expectations for the future
• - economically justified ?
• - contract, sales agreement
  ?
• Financial plan - is it realistic and
  executable ?
• - how much money do you put in it? how
  much capital ?
• - what are
  the existing assets ?
• - what are
  the existing debts ?
  

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Loan Application (2)

• The capacity to reimburse the loan cashflow
• The burden of the credit
• - at a crisis ?
• - illness, accident ?
• - which are the key
  elements your business is dependent on ?
• - sufficient capital and
  reserves, working capital ?
• Features - the amount
• - formula
  equal capital and interest repayments, bullet,
• - tenor of
  the loan
• - the
  conditions of reimbursement
• - guarantees

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Financing Solutions

• Capital loan
• Aim capital increase or buying
  shares
• Investment loan (machinery,
  equipement,
• office/factory)
• Investment loan
• Business loan

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Financing Solutions (2)

• Financing the operating cycle
• Overdraft credit facility (ING Business
  line - Starter)
• Bridge facility
• Straight loans
• Financing of Tax prepayment, thirteenth
  month or holiday pay for employees
• Bank guarantees

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Guarantees/Securities

• Guarantees/Securities for the loan/credit -
  within the business/company
• Mortgage notarial warrant (Power to give
• mortgage)
• Business security warrant
  (Pledge receivables)
• Privilege to the unpaid vendor

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Guarantees/Securities (2)

• Guarantees/Securities for the loan - outside
  the business/company
• Personal guarantee
• Guarantee by another company (ex
  franchise)
• Guarantee by pledging securities
  (money bonds)
• Mortgage notarial warrant (Power
  to give mortgage)
• Bank guarantee
• Government aid

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Other bank products

• Leasing/Renting cars and equipement
• Factoring of invoices
• Private Equity
• MA
• Listing on the Stock Exchange

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Tax efficient pension products

• Additional pension for self-employed
• For tax year 2009 ? max 2781.06
• Individual life insurance (ING APZ/CPI)
• For self-employed in a company (with a monthly
  salary)
• 80 rule total pension (pillar 2) can not be
  more than 80 of last gross yearly income
• Individual life insurance (ING Business Pension
  Plan)

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3. Insurance Services
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4. Regional Aid

• Interest subsidies on a loan or investment grants
• Support for innovation, environmental
  improvements, energy savings
• Subsidies for job creation
• Tax breaks
• Accelerated depreciation

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Web-links for Regional aid

• Brussels www.primespme.be
• Flanders www.vlaanderen.be/ondernemen
• Wallonia www.wallonie.be

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Partipation Fund www.fonds.org

• - Federal government institution
• - Small enterprises, self-employed and
• liberal professions
• - Granting subordinated loans

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5. www.ing.be/starters
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www.ing.be/starters

• Information
• Order the preparatory package
• Demo of the ING Business Plan
• Download ING Business Plan
• Download brochure Start for your own account
• Ask for an appointment with a Starterscoach (
  Business Developer) www.ing.be/professionalcontac
  ts