creditshelf, a marketplace lender for German SMEs, is reporting that it generated more than €100 million of new loan business between January and September 2021, already exceeding the total loan volume of €98.9 million arranged in the fiscal year 2020.
creditshelf stated that its loans cover the full spectrum of the German SME, or Mittelstand, sector, and their individual financing needs. The company has arranged approximately 500 loans since its foundation. The online lender says it lends an average ticket size of around € 1 million with a mix of “annuity and bullet loans.”
The historical, annual net return has remained between 5% and 6%. creditshelf offers investment opportunities for institutional and professional investors.
creditshelf CEO Dr. Tim Thabe commented on the news:
“We are very proud to have reached the ‘magic’ € 100 million milestone in September, while the historically strong months of the year still lie ahead. Exceeding this threshold clearly shows that alternative financiers play an important role in the SME lending industry and continue to grow in importance. Leaving the Covid crisis behind, we are a reliable partner to the German Mittelstand and ready to deliver.”
Dr. Daniel Bartsch, COO of creditshelf, added that all key elements of their business model have worked together perfectly:
“Modern technology, in-depth credit risk analysis, an institutional funding approach with strong partners, distinct marketing and strong, customer-focused sales. We look forward to continuing and extending our strong growth together with an outstanding team and many partners.”
Founded in 2014, creditshelf matches access to credit for SME entrepreneurs while offering institutional investors the ability to invest directly in German SMEs. creditshelf has been listed on the Frankfurt Stock Exchange since 2018.