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Access to bank financing for companies 2017Q2

Published on 07/18/2017
The Banque de France carries out a quarterly survey on the access to bank financing of companies. 4,000 small and medium-sized companies (SMEs) and 400 mid-tier companies (MTEs) have answered; as well as 2,500 very small companies (VSEs) thanks to a partnership with the Fédération des Centres de Gestion Agréés (small firms authorised management centers federation).
Access to credit subsided slightly
  • Over the first quarter 2017, demand for new credits from SMEs and VSEs was nearly stable for investment loans, which account for the major part of stocks, and subsided slightly for cash credits.
  • Credit supply for SMEs is still easy, while abating: 82% of SMEs' requests were fully or substantially (over 75% of their demand) granted, versus 85% over the fourth quarter 2016. Access to investment loans was nearly stable: 94% of SMEs were fully or substantially granted the loans they requested (versus 95% the previous quarter). More specifically for equipment loans, access remained also very wide (90%).
  • Access to credits for VSEs receded slightly after a particularly strong fourth quarter. 66% of VSEs were granted the cash credits they requested (versus 70% in the fourth quarter). Access to investment loans is still high: 82% of VSEs were granted their request (fully of over 75% of the requested loans) compared to 85% during the previous quarter. Access is still particularly easy for equipment loans (84%).
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
  • To meet their operational requirements, 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 (37%, versus 39% in the fourth quarter).
  • 61% of SMEs mobilized credit lines this quarter, down compared to recent years.

  • About new loans - excluding the use of existing credit lines - :



  • Demand for new cash credits receded: 6% of SMEs requested a credit, versus 7% in 2016Q4.

  • The cash credit supply slightly tightened: 82% of SMEs were fully or substantially granted, versus 85% over the previous quarter.
  • Demand for new investment loans remained unchanged: 24% of SMEs applied for a new request during this quarter, as in the fourth quarter.



  • Access to investment loans is nearly stable. 94% of SMEs were fully or substantially granted (versus 95% over the fourth quarter).

  • Bank financing conditions were conducive, about total cost of financing as well as additional guarantees.
2 - Very small enterprises (VSE: 0 - 9 employees)
provided by FCGA and Banque de France
  • Demand for new financing from VSEs subsided, for cash credits (7% of VSEs versus 8% in the previous quarter) and for investment loans
  • Access to cash credit decreased: 66% of VSEs were fully or substantially granted, after 70% in Q4.


  • Access to investment loans also abated: 82% of VSEs were granted their request (fully of over 75% of the requested loans), versus 85% in Q4.
    In particular, for
    equipment loans, 84% of VSEs reported their requests to be met fully or substantially.
3 - Mid-tier enterprises (MTE: 250 - 4 999 employees)
provided by Banque de France
  • 48% of MTEs submitted requests for credit lines. 69% of those MTEs with granted credit lines drew them down.

  • Demand for new cash credits decreased: 9% of MTEs requested their lenders. The credit supply rate decreased: 91% were fully or substantially obtained (94% in the previous quarter).



  • Demand for investment loans weakened: 29% of MTEs requested financing, versus 32% over the fourth quarter. Almost all MTEs were fully or substantially granted. Concerning investment loans, 88% of MTEs were supplied.

  • MTEs access to private debt issuances should also be considered, in order to put into perspective the data issued for this category of firms.

More information on time series, calendar, methodology

All statistical time series published by the Banque de France can be accessed on Webstat Banque de France

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STAT INFO - 2nd quarter 2017



Quarterly survey on the access to bank



financing of companies



Contact :
Contact Stat Info

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Access to bank financing for companies
  • Published on 07/18/2017
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Published on Tuesday, July 18, 2017