{
  "slug": "westeu-smb-finance",
  "name": "Western Europe SMB Finance & Credit",
  "updated": "2026-09-21",
  "page": "https://godofstartups.com/atlas/markets/westeu-smb-finance",
  "license": "https://creativecommons.org/licenses/by/4.0/",
  "facts": [
    {
      "metric": "Share of mid-caps (ETI) requesting new treasury credit, France",
      "value": "5",
      "unit": "percent",
      "geo": "FR",
      "period": "2026-Q1",
      "tier": 1,
      "status": "ready",
      "url": "https://www.banque-france.fr/fr/statistiques/credit/acces-des-entreprises-au-credit-2026-q1"
    },
    {
      "metric": "AI-related borrowing as a share of the growth in bank credit to euro area firms",
      "value": "25",
      "unit": "percent",
      "geo": "EU",
      "period": "2026-Q1",
      "tier": 1,
      "status": "ready",
      "url": "https://www.ecb.europa.eu/press/key/date/2026/html/ecb.sp260914_2~a3f0efbee4.en.html"
    },
    {
      "metric": "Quarterly rise in the share of SMEs reporting higher overall cost of credit, France",
      "value": "8",
      "unit": "percentage points",
      "geo": "FR",
      "period": "2026-Q1",
      "tier": 1,
      "status": "ready",
      "url": "https://www.banque-france.fr/fr/statistiques/credit/acces-des-entreprises-au-credit-2026-q1"
    },
    {
      "metric": "Share of micro firms that applied for a bank loan but refused it because cost too high, Italy",
      "value": "4.0585",
      "unit": "percent",
      "geo": "IT",
      "period": "2025-S2",
      "tier": 1,
      "status": "ready",
      "url": "https://data-api.ecb.europa.eu/service/data/SAFE/H.IT.MIC.A.0.0.0.Q7B.FBLN.S3.AL.WP?lastNObservations=3&format=csvdata"
    },
    {
      "metric": "Share of SMEs that did not apply for a bank loan because of sufficient own funds, Italy",
      "value": "34.6999",
      "unit": "percent",
      "geo": "IT",
      "period": "2025-S2",
      "tier": 1,
      "status": "ready",
      "url": "https://data-api.ecb.europa.eu/service/data/SAFE/H.IT.SME.A.0.0.0.Q7A.FBLN.R3.AL.WP?lastNObservations=3&format=csvdata"
    },
    {
      "metric": "Share of micro firms that applied for a bank loan but was rejected, France",
      "value": "19.687",
      "unit": "percent",
      "geo": "FR",
      "period": "2025-S2",
      "tier": 1,
      "status": "ready",
      "url": "https://data-api.ecb.europa.eu/service/data/SAFE/H.FR.MIC.A.0.0.0.Q7B.FBLN.S4.AL.WP?lastNObservations=3&format=csvdata"
    },
    {
      "metric": "Share of micro firms that applied for a bank loan but only got part of it, Italy",
      "value": "17.5894",
      "unit": "percent",
      "geo": "IT",
      "period": "2025-S2",
      "tier": 1,
      "status": "ready",
      "url": "https://data-api.ecb.europa.eu/service/data/SAFE/H.IT.MIC.A.0.0.0.Q7B.FBLN.S2.AL.WP?lastNObservations=3&format=csvdata"
    },
    {
      "metric": "Share of SMEs that applied for a bank loan and got everything, Italy",
      "value": "80.1816",
      "unit": "percent",
      "geo": "IT",
      "period": "2025-S2",
      "tier": 1,
      "status": "ready",
      "url": "https://data-api.ecb.europa.eu/service/data/SAFE/H.IT.SME.A.0.0.0.Q7B.FBLN.S1.AL.WP?lastNObservations=3&format=csvdata"
    },
    {
      "metric": "Share of SMEs that did not apply for a bank loan because of sufficient internal funds, Germany",
      "value": "52.5073",
      "unit": "percent",
      "geo": "DE",
      "period": "2025-S1",
      "tier": 1,
      "status": "ready",
      "url": "https://data-api.ecb.europa.eu/service/data/SAFE/H.DE+FR+ES+NL.SME.A.0.0.0.Q7A.FBLN.R2+R3.AL.WP?lastNObservations=5&format=csvdata"
    },
    {
      "metric": "Total venture capital invested in European companies",
      "value": "19702095",
      "unit": "EUR thousand",
      "geo": "EU",
      "period": "2025",
      "tier": 1,
      "status": "ready",
      "url": "https://www.investeurope.eu/media/z3pasguu/20260623_invest-europe_cee-report-2025.pdf"
    },
    {
      "metric": "EU firms citing reduced investment and growth as a consequence of late payments",
      "value": "40",
      "unit": "percent",
      "geo": "EU",
      "period": "2025",
      "tier": 1,
      "status": "ready",
      "url": "https://single-market-economy.ec.europa.eu/document/download/db1722d8-9cad-40fd-9ad4-f56a907317fa_en?filename=AnnualReport2025_FinalC.pdf"
    },
    {
      "metric": "EU respondents saying late-payment sanctions are not a sufficient deterrent",
      "value": "37",
      "unit": "percent",
      "geo": "EU",
      "period": "2025",
      "tier": 1,
      "status": "ready",
      "url": "https://single-market-economy.ec.europa.eu/document/download/db1722d8-9cad-40fd-9ad4-f56a907317fa_en?filename=AnnualReport2025_FinalC.pdf"
    },
    {
      "metric": "Later-stage venture capital invested in European companies",
      "value": "8198467",
      "unit": "EUR thousand",
      "geo": "EU",
      "period": "2025",
      "tier": 1,
      "status": "ready",
      "url": "https://www.investeurope.eu/media/z3pasguu/20260623_invest-europe_cee-report-2025.pdf"
    },
    {
      "metric": "Micro companies naming payment delays their biggest challenge",
      "value": "16",
      "unit": "percent",
      "geo": "EU",
      "period": "2025",
      "tier": 1,
      "status": "ready",
      "url": "https://single-market-economy.ec.europa.eu/document/download/db1722d8-9cad-40fd-9ad4-f56a907317fa_en?filename=AnnualReport2025_FinalC.pdf"
    },
    {
      "metric": "Seed-stage venture capital invested in European companies",
      "value": "1812025",
      "unit": "EUR thousand",
      "geo": "EU",
      "period": "2025",
      "tier": 1,
      "status": "ready",
      "url": "https://www.investeurope.eu/media/z3pasguu/20260623_invest-europe_cee-report-2025.pdf"
    },
    {
      "metric": "Average annual investment per German SME with fewer than 5 employees",
      "value": "63.379",
      "unit": "EUR thousand",
      "geo": "DE",
      "period": "2024",
      "tier": 1,
      "status": "ready",
      "url": "https://www.kfw.de/PDF/Download-Center/Konzernthemen/Research/PDF-Dokumente-KfW-Mittelstandspanel/KfW-Mittelstandspanel-2025-Tabellenband.pdf"
    },
    {
      "metric": "Average nominal turnover growth per German SME",
      "value": "1,2",
      "unit": "percent",
      "geo": "DE",
      "period": "2024",
      "tier": 1,
      "status": "ready",
      "url": "https://www.kfw.de/PDF/Download-Center/Konzernthemen/Research/PDF-Dokumente-KfW-Mittelstandspanel/KfW-Mittelstandspanel-2025.pdf"
    },
    {
      "metric": "Number of German SMEs headquartered in eastern German states",
      "value": "692",
      "unit": "thousand companies",
      "geo": "DE",
      "period": "2024",
      "tier": 1,
      "status": "ready",
      "url": "https://www.kfw.de/PDF/Download-Center/Konzernthemen/Research/PDF-Dokumente-KfW-Mittelstandspanel/KfW-Mittelstandspanel-2025.pdf"
    },
    {
      "metric": "New investment (gross fixed capital formation) of the German Mittelstand",
      "value": "221",
      "unit": "EUR billion",
      "geo": "DE",
      "period": "2024",
      "tier": 1,
      "status": "ready",
      "url": "https://www.kfw.de/PDF/Download-Center/Konzernthemen/Research/PDF-Dokumente-KfW-Mittelstandspanel/KfW-Mittelstandspanel-2025.pdf"
    },
    {
      "metric": "Annual nominal growth of German SME e-commerce turnover",
      "value": "11",
      "unit": "percent",
      "geo": "DE",
      "period": "2024",
      "tier": 1,
      "status": "ready",
      "url": "https://www.kfw.de/PDF/Download-Center/Konzernthemen/Research/PDF-Dokumente-KfW-Mittelstandspanel/KfW-Mittelstandspanel-2025.pdf"
    }
  ],
  "note": "status: ready = two or more independent sources or an official series; proxy = one source; context = macro background, not a validation figure."
}