Financing of microentreprises 2022Q3
Published on 30 November 2022
Following a change in the editorial line of some Stat Info (see the press release available here https://www.banque-france.fr/communique-de-presse/la-banque-de-france-presente-la-refonte-de-ses-stat-info), this publication is now discontinued. It will now be integrated quarterly into Stat Info Financing of entreprises and the corresponding time series remain available in Webstat (the Banque de France's statistics website).
Credit to small businesses remains at 5.9 % over one year
At the end of September 2022, the outstanding amount of loans to micro-enterprises reaches 385.3 billion euros, up by 5.9 % year-on-year. Credit to micro-enterprises continues to increase in the third quarter, at a slower pace than the previous quarter (+3.1 billion euros after +6.3 billion euros in the second quarter). The outstanding amount of treasury loans decreases at around 45 billion euros after 47.7 billion euros in the second quarter. Equipment loans and real estate loans remain buoyant, at respectively +5.4% and +10.4%, after +5.4 % and +10.1% in the previous quarter.
The average interest rate for credits of less than 250.000 euros in France increases at 2.47%. The gap between this rate and the one in the Eurozone increases slightly at -0.25 pp.
The average interest rate for credits of less than 250.000 euros in France increases at 2.47%. The gap between this rate and the one in the Eurozone increases slightly at -0.25 pp.
Loans to micro-enterprises : credit type breakdown ![]()
(Outstanding amounts, EUR billions)
| Outstanding amounts | Yearly growth rate | ||
| Q3 2022 | Q2 2022 | Q3 2022 | |
| Total loans | 385.3 | 6.1% | 5.9% |
| Treasury loans, including factoring | 45.0 | -5.0% | -8.0% |
| Equipment loans | 155.2 | 5.4% | 5.4% |
| Real estate loans | 185.1 | 10.1% | 10.4% |
Micro-enterprises loans outstanding changes ![]()
(EUR billions)
Loans to micro-enterprises issuance ![]()
(Quarterly gross issuance, EUR billions)
Eurozone: Loans below €250,000 new issuances rate (%) ![]()
Source and design : Direction générale des statistiques, des études et de l'international
Additional information
In this data collection micro-enterprises are characterized by the criteria of the 2008 LME law - legal units excluding self-employed entrepreneurs with less than 10 employees, and which have an annual turnover or balance sheet total not exceeding 2 million euros - or by default, by a turnover not exceeding 2 million euros.
Micro-enterprises are part of small and medium-sized enterprises (SMEs).
Micro-enterprises are part of small and medium-sized enterprises (SMEs).
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FIN_MIC_ENT_2248_en__SI-Credit_Financement_des_TPE_septembre_2022_EN.pdf