Financing of microentreprises 2019Q1

Continued growth in credit to very small businesses
At the end of March 2019, the outstanding amount of loans to micro-enterprises reaches € 287.4 billion, up by +9.2% year-on-year. In particular, the outstanding amount of equipment loans and real-estate loans continues to grow at a rapid pace (+6.9% and +11.2% respectively). With a much lower outstanding amount, treasury loans increase by + 11.6% year-on-year.
The total quarterly issuance of new loans amounts to €16.9 billion, up from €18.0 billion at the end of December 2018.
The average interest rate of loans with a unit amount of less than €250,000 remains under 2.0% (1.74%), still well below the level of the rates in other major euro area countries.
Loans to micro-enterprises : credit type breakdown
(Outstanding amounts, EUR billions)
Outstanding Yearly growth
Q1 2019 Q4 2018 Q1 2019
Total loans 287.4 9.1% 9.2%
Treasury loans, including factoring 19.9 11.4% 11.6%
Equipment loans 132.6 7.0% 6.9%
Real estate loans 134.9 11.0% 11.2%
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 - March 2019
Micro-entreprise financing
Contact Stat Info

Download the PDF version of this document

Financing of microentreprises
  • Published on 05/31/2019
  • EN
  • PDF (560.74 KB)
Download (EN)

Published on Friday, May 31, 2019