Financing of microentreprises 2018Q2

Strong growth in credit to small businesses
At the end of June 2018, the outstanding amount of loans to micro-enterprises reaches € 267.3 billion, up by +6.3% year-on-year. In particular, the outstanding amount of investment loans continues to grow at a sustained or even very sustained pace: + 4.9% for equipment loans but +8.4% for real estate loans. From a much lower outstanding amount, treasury loans increase slightly over one year.
The total quarterly issuance of new loans amounts to €15.0 billion, up from €14.7 billion at end March 2018.
The average interest rate of less than €250,000 loans remains under 2.0% (1.86%) a level that is still significantly lower than in Germany (2.5%).
Loans to micro-enterprises : credit type breakdown
(Outstanding amounts, EUR billions)
Outstanding Yearly growth
Q2 2018 Q1 2018 Q2 2018
Micro-enterprises 267.3 4.8% 6.3%
Cash loans, including factoring 18.5 -2.8% 1.9%
Investment loans 125.9 4.6% 4.9%
Real-estate loans 122.4 6.1% 8.4%
Micro-enterprises loans outstanding changes
(EUR billions)
Note : seasonally adjustment data for cash loans
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
Additional information
In the survey the definition of micro-enterprises accounts for three criteria from the LME law, or instead, a turnover below € 2,000,000.
More information on: long time series, calendar, methodology
All statistical series released by Banque de France are available at Webstat Banque de France
Publication available under Apple and Android
STAT INFO - June 2018
Micro-entreprise financing
Contact: Contact Stat Info

Download the PDF version of this document

Financing of microentreprises
  • Published on 08/31/2018
  • EN
  • PDF (559.96 KB)
Download (EN)

Published on Friday, August 31, 2018