Top up your cash flow
With our KBC Cash Budget Credit, staff holiday pay and year-end bonuses won’t strain your cash resources.
Spread your costs
Repay over 12 months at your own pace.
Benefit from low interest charges
Pay only for what you draw down. Both interest and charges are tax-deductible.
Have staff holiday pay and year-end bonuses to pay soon? That may put pressure on your business’s cash flow. Keep your advance in current account free and spread your costs with low interest charges using a KBC Cash Budget Credit.
Follow 52% of Belgian SMEs
Staff wages are often a serious investment. In addition to salary packages and fringe benefits, you may also have legally required extras to pay like holiday pay and year-end bonuses.
Opting to spread holiday pay and year-end bonus costs helps prevent staff salaries from straining your business’s cash resources by letting you top up your cash flow. With a KBC Cash Budget Credit, your repayments are spread over 12 months with low interest charges.
Did you know that 52% of SMEs in Belgium get financing to spread these wage costs?
‘Our employees build up their entitlement to holiday and year-end allowances throughout the year, so why not spread the cost over a full year as well? Financing like this doesn’t cost that much either, letting me run my business carefree without having to set money aside.’
Bart Verhoeven, director, Datacore
Here’s how it works
The amount is up to you. Once we’ve approved your KBC Cash Budget Credit application, the amount is paid to your KBC-account.
Your repayments are deducted automatically from your account, spread over 12 months after your first drawdown. Go for more financial protection by adding optional death cover to protect your family and business.
Get help with questions from KBC Live
Still in two minds or have questions? Our digital apps let you contact our KBC Live experts while working things out and applying.
Uses for a Cash Budget Credit Facility
You can use our Cash Budget Credit Facility to finance paying your staff’s holiday pay and year-end bonuses.
Spread the cost of your staff’s ‘thirteenth month’ of salary.
- White-collar staff: 92% of gross monthly salary (also called double holiday allowance)
- Blue-collar staff: employer’s contribution of 10.27% of wages for the year in which the holidays were earned (at 108%)