In 2023, the Credit Intermediation Also, its demand has decreased significantly 1,400 files processedcompared to 2,175 in 2022. This decline reflects a gradual return to pre-pandemic conditions, marking a move towards normalization beginning in the second quarter of 2022. Despite this decline in demand, the effectiveness of intermediation is increasing. is significantly improved, as well 60% files give favorable result, an increase of 17 points over the previous year. This success rate, which is clearly increasing, is approaching the level before the health crisis, where it reached 64%.
Focus on PGE reconstitution
Of the files eligible for mediation, about a third are related to restructuring State Guaranteed Loan (PGE), reflecting the importance of this tool in the current economic context. A specific market agreement, signed at the beginning of 2022 and extended until the end of 2026, made it possible to provide reinforced support to companies in difficulty, with 500 PGE restructuring requests in 2023.
A year marked by the preservation of businesses and jobs
It was made possible by the efforts made by departmental mediators Save 714 businesses and save 6,130 jobs. These figures show the positive impact of credit intermediation on the local economic structure, especially for VSEs, which represent the majority of applicants.
VSEs at the center of concern
VSEs, especially those with fewer than 11 employees, were the main beneficiaries of decentralization, dominated by the service, trade, manufacturing and construction sectors. This trend highlights the need for specific support for these companies, which are often more vulnerable to economic shocks.
Support and perspective for 2024
In an economic environment that remains uncertain, credit intermediaries stand ready to support companies facing potential cash flow stress or credit difficulties. The Business Financing Observatory has also developed a guide to help VSEs prepare their cash flow requests, emphasizing the importance of access to credit for the sustainability of businesses.
A key device in times of economic depression that is little known
Credit intermediation is an essential mechanism for French companies, especially in the context of the expected economic slowdown in 2024. Its ability to adapt to the needs of companies, facilitate access to credit and preserve employment make it a central instrument of French economic policy.
