Business loan without BKR and annual figures: what are your options?

You are looking for a business loan but are facing two obstacles: a BKR registration and no annual figures to present. Perhaps you are a start-up, or maybe your company is still young. And that BKR registration? It probably stems from your private life, from before you became an entrepreneur.

Online, you will find providers who promise to help. Business loans without a credit check, without annual figures, arranged quickly. It sounds like the solution. But before you go down that route, it is good to know what you are actually getting. And whether there is a better way.

Why you are looking for loans without a credit check and without annual figures


You need financing for your business. To purchase inventory, make an investment, or obtain working capital for growth. But traditional banks are turning you down. For two reasons:

Your BKR registration. As a sole proprietorship, general partnership, or professional partnership, you are personally liable. Banks are required to check your BKR for loans above €1,000. That registration from your private life, perhaps from years ago, is now blocking your business plans.

Your missing annual figures. Banks want to see historical figures. Two or three years of annual accounts. As a start-up or young company, you simply don't have those. You can show that you are doing well now, but that's not enough for banks.

So you're looking for alternatives that circumvent both problems.

“Entrepreneurs in this situation often feel stuck. Their business is running, the opportunities are there, but the system is not cooperating. A BKR registration from another phase of life and the lack of annual figures become two walls that hinder growth.”
Deepak – Legal specialist

What "borrowing without a credit check and annual figures" really means

There are indeed lenders who offer business loans without traditional credit checks and without requiring annual figures. They look at other things: your recent bank statements, your current turnover, your transaction history over the past few months.

Sounds flexible. And it is. But that flexibility comes at a price.

Higher interest rates. Where a bank might charge 5% to 7%, alternative lenders often charge 10% to 15% or more. They take on more risk and make you pay for it.

Shorter terms. Instead of five or seven years, you often only get one to three years to repay the loan. This means higher monthly payments that immediately put pressure on your cash flow.

Lower amounts. The maximum loan amounts are more limited. Just when you want to invest in growth, you hit ceilings.

Additional costs. Administration fees, closing costs, sometimes even early repayment fees. It all adds up.

Less protection. Some alternative lenders are not subject to the same supervision as banks. If problems arise, you have fewer rights.

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The alternatives and their limitations

In addition to direct loans, there are other forms of financing that are recommended for entrepreneurs with a BKR registration.

Factoring allows you to sell outstanding invoices for immediate cash. This is useful for cash flow, but not a solution for investments. And the costs can amount to 3% to 5% per invoice.

Crowdfunding requires time and energy to set up a campaign, with no guarantee of success. You have to sell your story to dozens or hundreds of private investors.

Leasing arrangements only work for specific business assets. And leasing companies often do perform a credit check on the entrepreneur themselves.

Business credit cards offer limited amounts and high interest rates for long-term debts.

All these options have their place, but they do not solve your underlying problem. Your BKR registration remains in place. With every subsequent financing request, you will run into the same wall again.

The question you need to ask yourself

You can pursue alternative financing. It works for some entrepreneurs in certain situations. However, consider this: do you want to continue paying for your BKR history in the coming years? Higher interest rates, more limited options, less favorable terms?

Or do you tackle the problem at its source?

“Many entrepreneurs accept their BKR registration as a given. They think they have to wait for it to disappear on its own, or that they have to settle for more expensive alternatives. However, in many cases, that registration does not have to remain in place at all.”
Deepak – Legal specialist

When can your BKR registration be challenged?

The Supreme Court has ruled that BKR registrations must be proportionate. The impact on your life, including your entrepreneurship, must be reasonably proportionate to the original debt.

You have legal grounds to have your registration removed if:

  • The arrears arose due to temporary circumstances such as dismissal, illness, or divorce.
  • You have paid off the debt in full
  • Your current financial situation is stable
  • The registration disproportionately hinders you, for example in your entrepreneurship
  • The registration is factually incorrect or you have not been correctly informed

That fourth point is crucial for entrepreneurs. A record from your private life that hinders your business growth is often disproportionate to the original situation. Especially if you now have a healthy, thriving business.

What changes when your BKR registration disappears?

Suppose your registration is removed. What does that mean for your business?

Access to normal business financing. Banks will then assess you based on your business performance, not on a past record. Lower interest rates, higher amounts, better terms.

Annual figures become the only criterion. Without a BKR registration, everything revolves around your business performance. Have you been operating for a year or two with good figures? Then the doors are open.

Room to grow. Credit lines, investment loans, possibly even a commercial mortgage. You are no longer dependent on alternative financiers with their higher costs.

Negotiating position. With a clean credit history, you can compare quotes and negotiate. You are not an entrepreneur who has to take what he can get, but an entrepreneur with choices.

Dynamiet Nederland has helped thousands of people have their BKR registration removed. Among them are many entrepreneurs who were then able to finance their businesses as they had envisioned.

What about the missing annual figures?

Here's the honest answer: if you've just started, you'll have to wait until you've built up some history anyway. There's no quick fix for that.

But here's the difference. Once your BKR registration disappears, all you have to do is wait until you have your annual figures. One obstacle instead of two. And as soon as you can submit those first annual accounts, you'll be in a much better position as an entrepreneur without a BKR registration than as an entrepreneur with one.

The smartest entrepreneurs are tackling their BKR registration now, so that they are ready when their annual figures are available.

“A start-up with a BKR registration is in a double bind. No history and a registration. By tackling that registration now, you ensure that in a year's time, you will only have to show your annual figures. That is a much better starting position.”
Deepak – Legal specialist

Jan Doeke Biesheuvel
  • Over 8 years of experience in the legal field
  • Has resolved hundreds of cases without court intervention
Lisa van Gulik
  • Has successfully represented hundreds of clients
  • Start lawsuits and proceedings at the Kifid
Nurettin Kocak
  • Has gained great respect within the legal services industry
  • A decisive and no-nonsense lawyer
Deepak Thakoerdien
  • 14 years of experience in legal proceedings
  • known from AVROTROS Radar

Frequently asked questions about business loans without BKR and annual reports

Can I really borrow money for business purposes without a BKR credit check?

How much can I borrow without annual figures?

Why are interest rates higher with alternative lenders?

Does my personal credit rating affect my business loan?

Two routes, one choice

You can now opt for alternative financing. Accept higher interest rates, settle for lower amounts, shorter terms. It can work to solve an acute problem.

Or you can invest in a structural solution. Have it investigated whether your BKR registration can be removed. That way, you will be better off not only now, but also with any future financing requests.

Schedule a free consultation and discover how you can regain your financial freedom.

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