The online sporting goods retailer Keller Sports relies on a loan to finance further growth.
Commerzbank, which has been Keller Sports' main debt provider since 2008, is lending the Munich-based company 5 million euros in the form of borrowing base financing.
“The borrower’s inventory and receivables serve as security: if the value of the inventory increases, the credit line increases accordingly,”
the company announced. Investors like Scout 24 co-founder Christian Mangstl have pumped several million into Keller Sports – most recently last year.
Keller Sports, which generates double-digit million-euro sales annually, was founded in 2005 by brothers Moritz and Jakob Keller. With the help of credit financing, the siblings are now venturing into the offline world and opening their first brick-and-mortar store in Munich.
