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Disbursement within 4 weeks
In-depth understanding of innovative business models
Lean contract without e.g. equity kickers
creditshelf's scale-up solutions close the gap between venture capital and the traditional banking market. This gives growth companies early access to debt capital and an alternative to equity financing - without dilution of the company's shares!
Financing mostly young growth companies requires know-how and analysis expertise. With the help of our unique, data-driven risk analysis, we can analyze the financial information from the accounting system quickly and in depth. Specialists for growth base their transparent decisions on the data derived from the ERP. Within a few days, the borrower receives an initial offer from us. The rest of the process is also carried out digitally, quickly and reliably via our creditshelf platform until the loan is disbursed.
Unsecured loans from EUR 100,000 to 5 million
Disbursement within 4 weeks
Fast, easy and digital loan request
Personal and binding service
*Example for best credit rating category
Digital business models, innovations in traditional industries and new business ideas continue to increase. What is also becoming apparent: the basis of all growth is sufficient capital. Especially for companies between the "start-up" phase and market establishment, it is important to design a financing mix that is appropriate since growth phases are special phases. We at creditshelf know the needs of fast-growing companies and find the right type of financing for every company phase.
Even though banks as well as some fintechs are active in the business field of lending, there are nevertheless significant differences in the work processes. The business model of fintechs - in contrast to the banking sector - is based on the use of technical solutions, with a focus on customer needs and versatile services. In this context, creditshelf's credit platform, bundles all processes from the first non-binding credit inquiry to risk analysis and credit arrangement to monitoring during the term. Usually, this process takes more time at banks, starting with the arrangement of an initial appointment on site, through extensive manual form processing, to long decision-making processes. For fintechs, the exchange during the credit process can also be designed interactively on the platform due to their software solutions. Risk analysts, corporate customer advisors, operations managers and customers can view current work statuses and can always communicate with each other via messages.
In addition, the system notifies those involved as soon as action is required at any point in the process. Due to automated analysis processes during the credit allocation process, the system recognizes whenever discrepancies arise that need to be clarified personally by the employees together with the customer. In addition, the API system used at creditshelf can also be connected to other software solutions for accounting and creditworthiness checks. Services from third-party providers can also be integrated.
Companies usually receive initial information on a loan application within 48 hours. The entire allocation process usually takes only a few weeks. The extent to which banks can offer such speed and efficiency based on their technology, depends on the individual state of digitization. In addition, decisions in the banking environment usually pass through several levels, which in turn takes additional time.
In fintech companies, the technical underpinnings as well as controlling all processes are standard and form the basis of the business model. creditshelf also differs from most traditional credit institutions due to its own internal scoring system for credit rating. In addition to typical criteria such as annual sales, this system also considers the size of the company, its form and future potential. Furthermore, creditshelf arranges the granting of unsecured loans, which are rarely granted by banks.
There are a total of four phases before a loan is granted by creditshelf. Get an overview of the individual steps below:
The first step to request a loan starts on creditshelf's website. After entering the contact details of the inquirer and the company, including the amount of credit required, the system checks the company in the form of a risk engine using data from external sources such as credit agencies or the commercial register and draws up a risk analysis.
After successfully passing the first step, the company must next submit documentation on trial balance statements or financial statements, which the software uses to determine a rating score. In addition, this phase includes the review of further exclusion factors.
In the third step, risk analysts manually check the automatically generated scoring and consult other credit-relevant documents such as account statements. In a due diligence call between contacts from the analysis team and the requesting company, any outstanding questions regarding the risks and opportunities of the business are then clarified and, if necessary, critical points are reviewed again in the follow-up. If all the prerequisites for an award are met, the next step is to make a credit decision in accordance with the dual control principle. Often, the first payment for scale-up financing is made just a few weeks after the initial digital application.
After the loan is granted is before the monitoring: throughout the term of the loan, the company continues to submit data online about business management evaluations or open items. Here, too, the software checks the information for risks or challenges. If this reveals a need for action, a human review of the given facts follows and the company is contacted.
The realization of a scale-up project stands and falls with the right financing. Thanks to changing processes and technologies in finance, old regularities are being broken up and create room for new paths. Today, promising scale-up projects can be financed and implemented with unsecured fintech loans - often without having to go to the local bank.
Would you like to learn more about unsecured loans for financing scale-up projects? Then contact us directly.
"Startups often get funding from business angels and venture capital funds, but rarely loans - certainly not in times of Corona. In the first quarter of 2020, investments in insurtechs halved worldwide. The fact that we got funding so quickly through creditshelf shows how compelling and solid our business model is."
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"I like the fact that creditshelf checks its investments very carefully at the beginning to see if financing is worthwhile and that I have the freedom to concentrate on building up the company afterwards instead of preparing monthly reports."