Creditshelf completes EUR 62 mln in direct-lending fund

Tuesday 12 May 2020 10:56 CET | News

Germany-based SME lender Creditshelf has launched a EUR 62 million direct lending fund for German SMEs hit by COVID-19 crisis.

The Creditshelf Loan Fund, which is backed by the European Investment Fund (EIF) as well as other investors. The direct-lending fund aims to attract additional institutional investors over the course of several financing rounds, with a target of EUR 150 million total commitments.

Just under half of the money – 30 million came from the EIF, with the rest from investors from Creditshelf shareholders.

Creditshelf saw a 60% increase in loan requests to EUR 500 million compared to the same quarter of 2019. 

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Keywords: Creditshelf, Germany, SME, COVID-19, coronavirus, Creditshelf Loan Fund, European Investment Fund, EIF, loans
Categories: Banking & Fintech
Countries: Germany
This article is part of category

Banking & Fintech