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Financing of microentreprises 2022Q3

Published on 11/30/2022
Following a change in the editorial line of some Stat Info (see the press release available here, this publication is now discontinued. It will now be integrated quarterly into Stat Info Financing of entreprises and the corresponding time series remain available in Webstat (the Banque de France's statistics website).

Credit to small businesses remains at 5.9 % over one year

At the end of September 2022, the outstanding amount of loans to micro-enterprises reaches 385.3 billion euros, up by 5.9 % year-on-year. Credit to micro-enterprises continues to increase in the third quarter, at a slower pace than the previous quarter (+3.1 billion euros after +6.3 billion euros in the second quarter). The outstanding amount of treasury loans decreases at around 45 billion euros after 47.7 billion euros in the second quarter. Equipment loans and real estate loans remain buoyant, at respectively +5.4% and +10.4%, after +5.4 % and +10.1% in the previous quarter.
The average interest rate for credits of less than 250.000 euros in France increases at 2.47%. The gap between this rate and the one in the Eurozone increases slightly at -0.25 pp.

Loans to micro-enterprises : credit type breakdown
(Outstanding amounts, EUR billions)
Outstanding amounts Yearly growth rate
Q3 2022 Q2 2022 Q3 2022
Total loans 385.3 6.1% 5.9%
Treasury loans, including factoring 45.0 -5.0% -8.0%
Equipment loans 155.2 5.4% 5.4%
Real estate loans 185.1 10.1% 10.4%
Micro-enterprises loans outstanding changes
(EUR billions)
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).
More information on: long time series, calendar, methodology
All statistical series released by Banque de France are available at Webstat Banque de France
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STAT INFO - September 2022
Micro-entreprise financing
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Financing of microentreprises
  • Published on 11/30/2022
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Published on Wednesday, November 30, 2022