Impulse Loan is an initiative of Boom-jem. Boom-jem contributes to a social and sustainable society and does so with a varied range of financing, management advice and services. Impulse Loan was set up by Boom-jem in 2012 in response to the disappearance of the solidarity loan under the wings of the Participation Fund. Boom-jem decided to take on this role and thus give opportunities to micro-entrepreneurs who find it difficult to obtain financing from regular banks.
We provide opportunities for micro-entrepreneurs who have difficulty accessing bank financing such as job seekers, young people, people over 50, bankrupt, migrants and micro-entrepreneurs who lack their own input. Thanks to our partnership we succeed in achieving this. The partners below help with Impulse loan to lower the threshold for entrepreneurship.
An important partner for providing microcredit is the Agency for Innovation & Entrepreneurship (VLAIO). Boom-jem works together with VLAIO for the general operation and for the projects ‘Young and full entrepreneurship’ and ‘A second chance and an impetus for a new start’. Providing microcredit is very risky and is therefore only possible with government support. Impulse Loan is one of the government measures that have been included by VLAIO in the subsidy database.
For the granting of microcredits, Impulse loan works closely with the Social Investment Fund SIFO under the wings of PMV. SIFO co-finances the microcredits. In addition, Impulse Loan also uses the Guarantee Scheme for guaranteeing micro-credits, also under the aegis of PMV. Entrepreneurs who make use of the Start Loan of the Flemish Participation Fund (also a PMV product) but do not have their own contribution can go to Impulse loan. An Impulse Loan counts as the own contribution, which is a condition for claiming the Start-up Loan.
Impulse Loan works closely with Dyzo. Dyzo helps and guides the self-employed in difficulties. With a microcredit, this target group gets a second chance to start as an entrepreneur. For example, Impulse Loan wants to lower the threshold for financing for the bankrupt.
In addition to the partnerships above, we also work together with many other organizations. You will find an overview at the bottom of this page. Each of these partners contributes to achieving our objectives together.