French start-up Silvr has secured a credit facility of up to €200 million to address the funding gap for small and medium-sized enterprises (SMEs) in Europe. The initial facility is €67 million, backed by loans originated by Silvr for SMEs, with the possibility of further increases with lenders’ consent. The increased financing capacity will support Silvr’s expansion across the continent and provide more flexible funding options for European SMEs.
Facts
- Silvr has secured a credit facility of up to €200 million to address the funding gap for European SMEs.
- The initial facility is €67 million, backed by loans originated by Silvr for SMEs.
- The financing capacity of Silvr has increased after its first debt facility of €112 million and a €130 million Series A funding round.
- Silvr has launched its second regional office in Berlin to support its expansion across Europe.
- The new credit facility is described as “instrumental” for Silvr’s scheduled expansion.
- The ongoing cost-of-living crisis has led to increased demand for loans among European SMEs.
- Silvr aims to provide more flexible funding options tailored to the needs of European SMEs and facilitate their growth.
