Financing of microentreprises 2021Q1
Published on the 1st of June 2021
A sustained growth of loans to micro-enterprises
At the end of March 2021, the outstanding amount of loans to micro-enterprises reaches 354.4 billion euros, up by 17.4% year-on-year. The outstanding amount of treasury loans reaches 50.0 billion euros after 47.7 billion euros in the previous quarter. They continue to increase in the fourth quarter (+2.3 billion euros), slightly more than in the third quarter (+1.8 billion euros). Equipment loans and real estate loans remains buoyant, at respectively +8.0% and +8.7%, after + 5.9% and + 8.2% in the previous quarter.
The average interest rate for credits of less than 250.000 euros in France slightly decreases to 1.47%. 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 1.47%. It remains 0.5% lower than the rate in the Eurozone.
Loans to micro-enterprises : credit type breakdown ![]()
(Outstanding amounts, EUR billions)
| Outstanding amounts | Yearly growth rate | ||
| Q1 2021 | Q4 2020 | Q1 2021 | |
| Total loans | 354.4 | 16.1% | 17.4% |
| Treasury loans, including factoring | 50.1 | 142.5% | 139.4% |
| Equipment loans | 142.5 | 5.9% | 8.0% |
| Real estate loans | 161.8 | 8.2% | 8.7% |
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).
Download the PDF version of the document
FIN_MIC_ENT_2229_en__SI-Credit_Financement_des_TPE_mars_2021_EN.pdf
Updated on the 1st of June 2021