The authors use capital injections by the Financial Markets Stabilization Fund of Germany into some banks to identify banks that faced a supply constrained. These data we link to a sample of 136 ventures seeking funding on six German equity crowdfunding platforms and compare these to a counterfactual sample of 200 new ventures not using crowdfunding. The authors control for venture, manager, and bank characteristics. They show that ventures are more likely to successfully seek crowd financing when they are exposed to a supported commercial bank. Whereas still small in volume, especially new enterprises therefore seem to tap alternative funding sources in times of stress among conventional financiers.