Financing of microentreprises 2020Q3
Published on 27 November 2020
Growth of loans to micro-enterprises remains strong
At the end of September 2020, the outstanding amount of loans to micro-enterprises reaches 350.0 billion euros, up by 15.5% year-on-year. The outstanding amount of treasury loans reaches 44.3 billion euros after 41.7 billion euros in the previous quarter. They continue to increase in the third quarter after a second quarter boosted by State-guaranteed loans (+ 2.7 billion euros, after + 20.7 billion euros in the second quarter). Equipment loans and real estate loans continue to grow at a steady pace (respectively + 7.8% and + 8.3% after + 9.6% and + 7.7% in the previous quarter).
The average interest rate for credits of less than 250,000 euros in France rises to 1.46%, after a sharp decrease at the beginning of the quarter (0.69% in May, down from an average of 1.76% in 2019). However, it remains 0.5% lower than the rate in the Eurozone.
The average interest rate for credits of less than 250,000 euros in France rises to 1.46%, after a sharp decrease at the beginning of the quarter (0.69% in May, down from an average of 1.76% in 2019). However, it remains 0.5% lower than the rate in the Eurozone.
Loans to micro-enterprises : credit type breakdown ![]()
(Outstanding amounts, EUR billions)
| Outstanding | Yearly growth | ||
| Q3 2020 | Q2 2020 | Q3 2020 | |
| Total loans | 350.0 | 15.5% | 15.5% |
| Treasury loans, including factoring | 44.3 | 109.4% | 120.3% |
| Equipment loans | 153.3 | 9.6% | 7.8% |
| Real estate loans | 152.4 | 7.7% | 8.3% |
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, 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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