I have space to do business again

As a hospitality entrepreneur, I paid for everything nicely for years, but when corona came, the bank wanted to get rid of me. Briqwise's attitude was completely different: “How can we help you?”
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Hospitality entrepreneur Hans Ribbers speaks
“In addition, of course, you need money to do business. And finance it that will stand with you instead of opposite you. I've noticed the difference between them in the past few months.”

“As a catering entrepreneur, I paid everything neatly for years, but when corona arrived, the bank lost interest in me. The Briqwise set-up and their attitude was completely different: “How can we help you?” was the response to my initial enquiries. To my surprise, the financing was arranged within three weeks and the conditions were good for me. All the worries I’ve had are gone. I have air and space to focus on my business again. ”

Hospitality entrepreneur through and through

Cafe owner Hans Ribbers is an entrepreneur, heart and soul. He was born into the catering industry says Ribbers: “My father used to play football and next to the field was a catering company planning to close. My father thought: “I don’t want to lose my club, I’m starting a catering company”. That was in 1976, when I was in the sixth year of primary school. That’s where it started for me. You help out, do the chef’s training, gain work experience in various places… and it has become more and more itchy.

I started my own business in 1992, when I was 25 after getting a diploma.”

You work hard, but you are free

“I have now been in the business for 42 years. What do I like best? The freedom you have as an entrepreneur. Well, usually. It is hard work, seven days a week. But over the last five or six years it’s been going very well. We’ve had tough times, on a business and personal level, but if you compare those periods with what’s happening now, then corona is only a temporary hurdle.

The company consists of a restaurant, a hall, and a terrace front and rear. It used to be a café for young people, but in recent years the nightlife has completely changed. Young people drink at home in the evening and don’t go out till 1am. This was disastrous for our turnover. We tried everything, but even a live band and a DJ didn’t get the youth out earlier.”

Despite corona, we are doing well

“I decided to put the emphasis on the restaurant. That worked out well. During corona it’s run like clockwork, and we are still not doing badly. At the moment catering is the core business and the takeaway is also going well.

I employ 23 people. We have remained active throughout this corona period. Of course it was difficult, especially at the beginning. But as long as we have a bit of notice about what changes are in store. we can predict to some extent where our business is going. Although after some Corona press conferences, we sit down together and ask: “Does anyone have any ideas?” Sometimes the best idea is rewarded with a crate of beer.”

Don’t complain. Be brave and creative

“For example, we have organised gatherings for elderly people who have become isolated, because everything that took place in groups is no longer allowed. We’ve looked after up to 45 elderly people at different times. We prepare comfort food for them: mashed potatoes and beef, a stew, dishes like that.

We are the main sponsor for local football and recently organised bingo. That is good for the club and fun for the bingo players. We served 5,400 meals in two months. The summer also went quite well, despite corona. We have used the opportunity to catch up on considerable maintenance. Before corona we were so busy we hardly got around to it. Now we have refurbished and painted everything; you don’t recognise the place!

You can give up, but I don’t sit that way. You have to be brave and you have to be creative. I have a great young team with many students. Having fun and a good time together takes you a long way. ”

Financing without a bank

“Naturally you need money to do business. I think most banks and other financiers don’t understand what you need as an entrepreneur. I have really noticed the difference in their attitude in recent months. I need someone who will stand next to me, not in front.

In March last year, we received a six-month repayment break from our bank. When the second lockdown came, I needed another extension to give us a little more leeway. The bank was very clear: “We can arrange that, but you must leave us by June 30th.”

If you’ve always paid for everything properly and promptly and they say casually, “Get out of here in six months” you hit the roof. That relationship of trust you thought you had was not there at all. What also annoyed me is an account manager deciding this from behind his desk. “Come on and have a look,” I pleaded. They did, and they were amazed: “Gosh, I had a very different idea of ​​the company. I didn’t expect it to be that big!”

It was over for me. I started looking for an alternative financial arrangement. A financial advisor friend put me in touch with Briqwise and a deal was done in three weeks! ”

I can focus on my business again

“Now I pay an interest that is 2% lower than at the bank. Plus, a bank always wants money from a catering company as quickly as possible. And if you have an extra good year, they want you to pay more. Additional bank costs were also high, but at Briqwise I pay a one-off fee. The terms of my monthly repayments are far more flexible than at the bank. That makes so much difference. You get air again, more freedom; more space to focus on the business again.

The whole process was surprisingly pleasant and very efficient. Before Briqwise came to visit, I was nervous. I was used to difficult conversations with the bank who were always very business-like and cared mostly about security for the bank itself. But with Briqwise, it was completely different. The team that visited radiated calm and their attitude was more like: “What do you need?”

My father-in-law, who is very controlling, was part of the conversation. Afterwards we looked at each other and asked “What just happened? This cannot be true!” It was as pleasant a conversation about finance could be and their “How can we help you?” attitude was unimaginable!

After that we had to wait, because they need time to examine everything, but it all came around. I am very happy with the outcome.”

Confidence in the future

“I’m optimistic about the future. I think we’ve had the worst of corona and we may open again in mid or late May. And watch out, the floodgates will open! Then it will be packed and I am so glad I still have all my staff.

I truly believe we will come out stronger! ”

 

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What documentation do I need to provide?

Initially, you provide the most important information about the collateral to be financed and the desired loan amount via the application form.

After that, we need more information from you, such as:
 * A valuation report prepared by a certified appraiser
 * Copy of ID
 * Lease agreements (when the property is rented)
 * Purchase contract (upon purchase)

Are you applying for funding through your company? Then we need more:
 * Recent financial statements

What are the costs of an application?

More details about the costs can be found on our rates page.

How long does a journey via Briqwise take?

You will always receive an indication of the feasibility and financing conditions within 24 hours. We will then complete the file and will be happy to schedule an appointment with you afterwards. The sooner you provide the necessary documentation, the faster we can switch. Our internal review takes 2 business days. After that, you will receive our Consent Letter, or the quote. Once you have signed this letter, we will approach our investor pool. Most applications are claimed within a few days. Has the investor legally confirmed his claim? Then we send the file to the notary.

What information do investors see?

At Briqwise, we draw up a so-called Information Memorandum. In this document, we write about the funding goal, the collateral, your background as an entrepreneur and the repayment capacity. We also add a good photo and the terms and conditions of the financing. This Information Memorandum can request investors who are interested in providing the funding. Approval of this memorandum takes place while signing your Consent Letter.

The information in the memorandum will not appear on our website and can only be requested by investors who are connected to the Briqwise platform.

Can my financial advisor or intermediary submit an application on my behalf?

Definitely! Intermediaries that are known to us can submit a financing request via the intermediary portal. Is this the first time that your advisor works with Briqwise? Through our brokers page he or she simply creates an account.

What types of properties can be financed?

Whether properties for rent, properties for personal use or a combination of both: they are all welcome at Briqwise. (Commercial) homes, business units, office buildings, recreational real estate, hospitality properties, retail real estate, combination buildings, agricultural companies or agricultural land: almost any form of business real estate can be considered collateral for us. Real estate that we do exclude are properties related to the sex industry, (soft) drugs or the arms industry.

How does penalty-free repayment work and what are the benefits?

Financing provided via our platform can be repaid without penalty. This means that you can repay the loans you borrow through Briqwise without having to pay a penalty. How nice is that?! Do you want to make use of extra repayments? These are always deducted on the interest due date. This falls on the last day of the month.

The advantage of penalty-free repayments is that you are extremely flexible with your business. For example, are you having a good year and therefore money left over? Then you can make extra payments on your financing without penalty. Are you on the other hand financially? Then you won't pay extra, no problem. Extra repayment is nice because it reduces your monthly interest burden. For example, interest is only charged on the outstanding loan amount.

 

What are the requirements for a business mortgage?

Requirements may vary, but our team will guide you through the entire process and ensure that you meet all necessary conditions.

Ook een vastgoedfinanciering, zonder bank?

Ben je ondernemer en op zoek naar een hypotheek voor jouw bedrijfspand of beleggingspand? Wil je meer weten over de mogelijkheden voor een zakelijke financiering van jouw bedrijf met vastgoed als onderpand?
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I have space to do business again

Hospitality entrepreneur Hans Ribbers speaks
“In addition, of course, you need money to do business. And finance it that will stand with you instead of opposite you. I've noticed the difference between them in the past few months.”
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“As a catering entrepreneur, I paid everything neatly for years, but when corona arrived, the bank lost interest in me. The Briqwise set-up and their attitude was completely different: “How can we help you?” was the response to my initial enquiries. To my surprise, the financing was arranged within three weeks and the conditions were good for me. All the worries I’ve had are gone. I have air and space to focus on my business again. ”

Hospitality entrepreneur through and through

Cafe owner Hans Ribbers is an entrepreneur, heart and soul. He was born into the catering industry says Ribbers: “My father used to play football and next to the field was a catering company planning to close. My father thought: “I don’t want to lose my club, I’m starting a catering company”. That was in 1976, when I was in the sixth year of primary school. That’s where it started for me. You help out, do the chef’s training, gain work experience in various places… and it has become more and more itchy.

I started my own business in 1992, when I was 25 after getting a diploma.”

You work hard, but you are free

“I have now been in the business for 42 years. What do I like best? The freedom you have as an entrepreneur. Well, usually. It is hard work, seven days a week. But over the last five or six years it’s been going very well. We’ve had tough times, on a business and personal level, but if you compare those periods with what’s happening now, then corona is only a temporary hurdle.

The company consists of a restaurant, a hall, and a terrace front and rear. It used to be a café for young people, but in recent years the nightlife has completely changed. Young people drink at home in the evening and don’t go out till 1am. This was disastrous for our turnover. We tried everything, but even a live band and a DJ didn’t get the youth out earlier.”

Despite corona, we are doing well

“I decided to put the emphasis on the restaurant. That worked out well. During corona it’s run like clockwork, and we are still not doing badly. At the moment catering is the core business and the takeaway is also going well.

I employ 23 people. We have remained active throughout this corona period. Of course it was difficult, especially at the beginning. But as long as we have a bit of notice about what changes are in store. we can predict to some extent where our business is going. Although after some Corona press conferences, we sit down together and ask: “Does anyone have any ideas?” Sometimes the best idea is rewarded with a crate of beer.”

Don’t complain. Be brave and creative

“For example, we have organised gatherings for elderly people who have become isolated, because everything that took place in groups is no longer allowed. We’ve looked after up to 45 elderly people at different times. We prepare comfort food for them: mashed potatoes and beef, a stew, dishes like that.

We are the main sponsor for local football and recently organised bingo. That is good for the club and fun for the bingo players. We served 5,400 meals in two months. The summer also went quite well, despite corona. We have used the opportunity to catch up on considerable maintenance. Before corona we were so busy we hardly got around to it. Now we have refurbished and painted everything; you don’t recognise the place!

You can give up, but I don’t sit that way. You have to be brave and you have to be creative. I have a great young team with many students. Having fun and a good time together takes you a long way. ”

Financing without a bank

“Naturally you need money to do business. I think most banks and other financiers don’t understand what you need as an entrepreneur. I have really noticed the difference in their attitude in recent months. I need someone who will stand next to me, not in front.

In March last year, we received a six-month repayment break from our bank. When the second lockdown came, I needed another extension to give us a little more leeway. The bank was very clear: “We can arrange that, but you must leave us by June 30th.”

If you’ve always paid for everything properly and promptly and they say casually, “Get out of here in six months” you hit the roof. That relationship of trust you thought you had was not there at all. What also annoyed me is an account manager deciding this from behind his desk. “Come on and have a look,” I pleaded. They did, and they were amazed: “Gosh, I had a very different idea of ​​the company. I didn’t expect it to be that big!”

It was over for me. I started looking for an alternative financial arrangement. A financial advisor friend put me in touch with Briqwise and a deal was done in three weeks! ”

I can focus on my business again

“Now I pay an interest that is 2% lower than at the bank. Plus, a bank always wants money from a catering company as quickly as possible. And if you have an extra good year, they want you to pay more. Additional bank costs were also high, but at Briqwise I pay a one-off fee. The terms of my monthly repayments are far more flexible than at the bank. That makes so much difference. You get air again, more freedom; more space to focus on the business again.

The whole process was surprisingly pleasant and very efficient. Before Briqwise came to visit, I was nervous. I was used to difficult conversations with the bank who were always very business-like and cared mostly about security for the bank itself. But with Briqwise, it was completely different. The team that visited radiated calm and their attitude was more like: “What do you need?”

My father-in-law, who is very controlling, was part of the conversation. Afterwards we looked at each other and asked “What just happened? This cannot be true!” It was as pleasant a conversation about finance could be and their “How can we help you?” attitude was unimaginable!

After that we had to wait, because they need time to examine everything, but it all came around. I am very happy with the outcome.”

Confidence in the future

“I’m optimistic about the future. I think we’ve had the worst of corona and we may open again in mid or late May. And watch out, the floodgates will open! Then it will be packed and I am so glad I still have all my staff.

I truly believe we will come out stronger! ”

 

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