Equipment loans to very small enterprises accelerate
Over one year, loans to very small enterprises (or micro-enterprises) rise by 4.7 % to reach ? 250.2 billion. Equipment loans accelerate (3.9 % after 3.1 %). Real-estate loans also gather momentum (+ 6.6 % after + 5.0 %), partly due to a base effect. By contrast, treasury loans decrease again over one year despite a positive quarterly change.
Quarterly loans gross issuance amounts to ?16.5 billion compared with ?14.4 billion in the last three months of 2016.
Interest rate on loans below ?250,000 remains under 2.0% (1.85%). This level remains much lower than in other major euro area countries.
Loans to micro-enterprises : credit type breakdown
(Outstanding amounts, EUR billions)
|Cash loans, including factoring
Micro-enterprises loans outstanding changes
(EUR billions - seasonally adjusted)
Note : seasonally adjustment stands for cash loans only
Loans to micro-enterprises issuance
(Quarterly gross issuance, EUR billions)
Eurozone : Loans below EUR 250,000 new issuances rate (%)
Source and design : Direction générale des statistiques
In the survey the definition of micro-enterprises accounts for three criteria from the LME law, or instead, a turnover below ? 2,000,000.
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Financing of microentreprises
Published on Tuesday, May 30, 2017