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Access to bank financing for companies 2018Q1

Published on 04/17/2018
Access to investment loans keeps growing for VSEs
  • Demand for new credits was stable for SMEs as for VSEs.
  • Cash credit supply for SMEs remained overall easy: 85% of SMEs' requests of cash credits were fully or almost fully granted over the first quarter. Access to investment loans remained larger: 95% of SMEs were fully or almost fully served. For equipment loans more specifically, access stayed also at a high level (91%).
  • Access to cash credits for VSEs grows in line with previous quarters: 68% of VSEs were granted their requests (65 % in Q4 2017 but 69% in Q2 2017). Access to investment loans increased once again over the first quarter: 87% of VSEs requests were fully or almost fully satisfied (81% in Q2 2017).
Financing requests and grants for SMEs and VSEs*
*in %; except for the use of credit lines earlier granted
Cash credits
Investment loans
Source: Banque de France (Directorate General of Statistics) and FCGA
Scope: Enterprises with real decisional autonomy regarding requests for credit; SMEs: 10 - 249 employees; VSEs: 0 - 9 employees
Additional information
1- Small and medium-sized enterprises (SME: 10 - 249 employees)
provided by Banque de France
  • SMEs can apply for credit lines that remain available over the year, most of the time at the beginning of the year, and/or for various types of cash facilities during the year.

  • The proportion of SMEs applying for credit lines decreased slightly this quarter (36% after 39%). These requests were widely granted.
  • 60% of SMEs mobilized credit lines this quarter, as in the previous quarter.
  • Regarding new loans - excluding the use of available credit lines - :
  • Demand for new cash credits remains stable: 7% of SMEs requested a credit.

  • The cash credit supply remained overall easy: 85% of SMEs were fully or almost fully granted.
  • Demand for new investment loans stood at 23% (24% in the previous quarter).

  • Access to investment loans remained very large. 95% of SMEs were fully or very substantially granted, after 96% in Q4.
  • Only 4% of SMEs reported a rise in the total cost of financing.
2 - Very small enterprises (VSE: 0 - 9 employees)
provided by FCGA and Banque de France
  • Demand for new financing from VSEs VSEs was stable for cash credits (6% again this quarter) and for investment loans (11%).
  • Access to cash credit grows in line with previous quarters: 68% of VSEs were fully or substantially granted, after 65% in the previous quarter.
  • Access to investment loans remained larger, and keeps growing: 87% of VSEs were granted their request (fully of over 75% of the requested loans), versus 85% in Q4 2017.
3 - Mid-tier enterprises (MTE: 250 - 4 999 employees)
provided by Banque de France
  • 48% of MTEs submitted requests for credit lines. 70% of those MTEs drew down available credit lines, after 74% in the fourth quarter.
  • Demand for new cash credits decreased slightly: 8% of MTEs requested cash credits this quarter, versus 10% in the previous quarter. The credit supply rate lowered for the second quarter in a row : 82% were fully or almost fully obtained, after 89% in the previous quarter.
  • Demand for investment loans weakened slightly: 27% of MTEs requested financing, after 28% in Q4. 97% of MTEs were fully or almost fully granted. Concerning equipment loans specifically, the supply rate was almost as strong (87%).
  • MTEs access to private debt issuances should also be considered for this category of firms.
  • Next publication: July 16, 2018
More information on time series, calendar, methodology

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STAT INFO - 1st quarter 2018



Quarterly survey on the access to bank



financing of companies



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Access to bank financing for companies
  • Published on 04/17/2018
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Published on Tuesday, April 17, 2018