This statistic is one of the key findings of a report we have produced in conjunction with Debtwire and Duff & Phelps. The survey of 100 German retailers paints a clear picture of a sector going through a transformational period, both in the way businesses retail and the shape of their debt financing.
Access to traditional bank financing is tighter than ever before. Yet demand for flexible and stretch funding is at its highest as retailers navigate the route to omnichannel whilst dealing with the legacy of too many stores.
Step forward the credit funds which are able to act swiftly with streamlined underwriting processes to provide flexible financing. Whilst the market still requires further education around the business model of alternative lenders, credit funds are set to become part of mainstream lending in German retail.
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Click here to view the report.