Empowering SMEs with Accessible and Flexible Short-Term Loans
In a competitive business world, fast access to capital is crucial to a company's success. Silvr is committed to making business loans more accessible, specifically addressing the unique challenges small and medium-sized enterprises (SMEs) face. By removing traditional hurdles like tedious paperwork, Silvr offers a streamlined, hassle-free financing experience that empowers businesses to easily reach their next milestone.
Loans Tailored to All Business’ Needs
Silvr’s financing product allows businesses to secure funds ranging from €5,000 to €1 million with a straightforward application process that takes just a few minutes. No deposits or personal guarantees are required, making it an accessible option for many SMEs. With a fixed interest rate beginning at just 1% per month and flexible repayment terms spanning 1 to 6 months, businesses can easily manage their cash flow without the stress of hidden fees or long-term commitments. If wished, companies gain year-round cash availability with Silvr’s refinancing options, enabling them to stay financially agile. Today, 2 out of 3 businesses choose to renew their loan, underscoring Silvr's reliability and value.
How It Works
A key aspect of Silvr's approach is the absence of personal guarantees or collateral requirements for loan approval. This policy ensures that entrepreneurs don't have to risk their assets or seek third-party guarantees.
The loan application process is designed with simplicity in mind. SMEs start by completing an online application and submitting their bank statements from the last six months. Silvr reviews the application within three days and provides a personalized loan offer. Once accepted, the funds are transferred directly to the business's account within 48 hours.
The requirements are as follows:
- France: Businesses require a minimum monthly turnover of €7,000 over the last six months and at least six months of operational history.
- Germany: Businesses need an average monthly turnover of €10,000 over the last three months and at least six months of operational history.
For businesses registered in Germany:
- Loans up to €25,000: Three months of bank statements or connection of relevant business accounts via open banking are required.
- Loans up to €100,000: In addition to the above, the most recent annual financial statement.
- Loans over €100,000: Six months of bank statements, the latest annual financial statement, and a BWA and SuSa for the last year are required.
For businesses registered in France:
- Loans under €50,000: Six months of bank statements or connection of relevant business accounts via open banking are required.
- Loans over €50,000: The most recent financial statement in addition to the above.
Silvr’s Key Use Cases
- Invoice Financing: Silvr turns late customer payments into instant liquidity. Everyone knows that a stable cash flow is an essential part of a good supplier relationship. For OfficeRiders, for example, late payments were a real challenge. The Silvr loan, however, provided the team with immediate liquidity and enabled them to maintain operational stability at all times.
- Inventory Financing: Businesses looking to stock up for peak seasons can use Silvr loans to maintain cash flow while expanding their inventory. ATLETICA, for instance, faced challenges in growing its fitness equipment business internationally. With Silvr’s support, it increased its stock, expanded its product range, and successfully entered new markets.
- Growth Financing: Whether for marketing or recruitment, Silvr funds are vital to driving business growth. Access to funding is crucial for companies like Horse Pilot to expand internationally. Silvr enabled them to boost brand awareness through social media advertising, quickly seeing a solid return on investment and increasing their visibility abroad.
- Working Capital: Loans from Silvr act as a financial buffer, helping businesses manage unexpected expenses and seize sudden opportunities. Flotte, an omnichannel retail business, leveraged Silvr's business loan to free up 20-30% of its marketing budget. This allowed it to focus on expanding its catalog and growing its team, keeping its business adaptable to market changes.
Silvr's Evolution: From Digital Financing to Supporting All SMEs
Silvr was founded to revolutionize how businesses access financing, particularly during periods of rising interest rates and economic uncertainty. Recognizing that “1 in 4 businesses face difficulties accessing financing,” a challenge experienced firsthand by CEO Nima Karimi and Co-Founder Greg, they set out to create a solution that empowers companies to reach critical milestones.
Quickly gaining recognition as a key player in digital business financing, Silvr became Europe's fastest-growing revenue-based financing (RBF) lender, earning mentions in Forbes and Crunchbase for its innovative approach. By integrating clients' advertising accounts and analytics tools, Silvr provided e-commerce and SaaS companies with flexible, revenue-driven financing options that catered to their unique needs.
However, as business needs evolved, so did Silvr. CEO and Co-Founder Nima Karimi observed a significant shift in the financial landscape: “Over three years, the accessibility of public financial support for SMEs dropped from +15% to -15%, alongside a noticeable decline in banks' readiness to extend credit.” In response, Silvr expanded beyond its original focus.
Since 2023, Silvr has been offering short-term business loans to all SMEs in France and Germany, filling the gaps left by traditional banks. Today, Silvr streamlines the application process with its proprietary data-based scoring technology and delivers funding within days.
Why Choose Silvr?
Silvr stands out not only for its short-term loans but also for its deep commitment to accessibility and partnership. Each client is paired with a dedicated financing advisor who provides tailored advice and helps customize repayment plans. With an intuitive online dashboard, businesses can effortlessly track repayments and manage their loans. Plus, with a 4.8/5 rating on Trustpilot, it's clear that Silvr has earned the trust of over 1,000 businesses.
Silvr offers more than just a financial service. In the spirit of partnership, the team is honestly committed to the success of the financed companies. As Nima Karimi puts it: “I'm glad to bring this solution forward when all businesses are searching for a financing alternative. I'm creating a solution I wish I had access to in the past.”
For SMEs looking to optimize their cash flow and drive growth, Silvr offers a reliable, transparent, and accessible financing solution without the traditional hassle.
