Financing of microentreprises 2020Q4
Published on 26 February 2021
A sustained growth of loans to micro-enterprises
At the end of December 2020, the outstanding amount of loans to micro-enterprises reaches 354.8 billion euros, up by 15.7% year-on-year. The outstanding amount of treasury loans reaches 47.9 billion euros after 46 billion euros in the previous quarter. They continue to increase in the fourth quarter (+1.9 billion euros), less than in the third quarter (+4.3 billion euros), after a second quarter boosted by State-guaranteed loans (+ 20.7 billion euros). Equipment loans and real estate loans remains buoyant, at respectively +5.4% and +8.5%, after + 6.6% and + 8.3% in the previous quarter.
The average interest rate for credits of less than 250.000 euros in France slightly decreases to 1.40%. 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 slightly decreases to 1.40%. 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 | ||
| Q4 2020 | Q3 2020 | Q4 2020 | |
| Total loans | 354.8 | 15.5% | 15.7% |
| Treasury loans, including factoring | 47.9 | 128.8% | 142.9% |
| Equipment loans | 151.9 | 6.6% | 5.4% |
| Real estate loans | 155.1 | 8.3% | 8.5% |
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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FIN_MIC_ENT_2215_en__SI-Credit_Financement_des_TPE_decembre_2020_EN.pdf