By Daniel Lanyon on Monday 19 July 2021
The alternative lender first scored debt funding for its German SME loans at the start of 2021.
Amsterdam Trade Bank has expanded debt funding to Creditshelf by €20m, totalling €60m since the beginning of the year.
The Frankfurt-based SME lender has secured a growing number of funding partners among European banks in recent years including the European Investment Fund and BNP Paribas Asset Management as well as including a ‘deepening’ strategic partnership with Commerzbank.
Matt Kus (pictured), Head of SME Credit Origination at Amsterdam Trade Bank, says he has been “very satisfied” with the collaboration so far.
“Creditshelf has steadily delivered increased loan volume over the past months without compromising the credit criteria we set for the facility. In all of our interactions, we have experienced nothing but professional execution and we appreciate the active monitoring Creditshelf performs on our exposures. We are happy to support the German SME sector with the additional funds in this important phase of economic upswing.”
Amsterdam Trade Bank first agreed to invest in loans to Germany’s Mittlesstand companies arranged via Creditshelf's platform at the beginning of this year.
Ceditshelf says it has arranged more than €350m in loans for German SMEs.