France Épargne Corporate
Refinancing for companies in difficulty and special situations
France Épargne Corporate connects companies seeking to finance €20m or more with the private debt funds whose ticket size, instruments and sectors match their case. The Banque de France recorded 61 failures of mid-caps and large companies over the twelve months to the end of July 2026.
Business failures and access to credit in France in 2026
- 61
- failures of mid-caps and large companies in France over twelve months to the end of July 2026 (56 a year earlier)
- +85%
- failures of mid-caps and large companies compared with the 2010 to 2019 average
- 93%
- of mid-caps obtained the cash credit they requested from their bank in Q2 2026 (80% in Q1)
Situations
Situations covered
Bank refusal
Private debt or asset-based financing to replace a loan refused by the bank syndicate.
Covenant breach
Refinancing of the existing debt or new debt in support of a waiver.
Bridge financing
Short-term debt pending a disposal, an equity raise or a refinancing.
Out-of-court proceedings
New money provided under a French mandat ad hoc or conciliation procedure.
Turnaround
Special situations debt to finance a turnaround plan.
Market
Business failures and bank credit
| Size | July 2025 | July 2026 | Year-on-year change | Gap to the 2010 to 2019 average |
|---|---|---|---|---|
| Mid-caps and large companies | 56 | 61 | +8.9% | +84.8% |
| Medium-sized companies | 470 | 532 | +13.2% | +61.7% |
| Small companies | 1,408 | 1,576 | +11.9% | +73.2% |
| All companies | 67,505 | 70,605 | +4.6% | +19.0% |
| Loan requested | SMEs | Mid-caps |
|---|---|---|
| Investment loan | 96% | 98% |
| Short-term cash loan | 83% | 93% |
Share of companies that obtained all or more than 75% of the loan requested. SMEs: 10 to 249 employees. Mid-caps: 250 to 4,999 employees.
Questions
Frequently asked questions
- How many mid-caps and large companies have failed in France?
- The Banque de France recorded 61 failures of mid-caps and large companies over the twelve months to the end of July 2026. It had recorded 56 a year earlier.
- How many companies failed in France over one year?
- The number of business failures in France reached 70,605 over the twelve months to the end of July 2026. It rose by 4.6% year on year.
- What share of mid-caps obtains the cash credit requested from its bank?
- 93% of mid-caps obtained all or more than 75% of the cash credit they requested in the second quarter of 2026. The rate was 80% in the previous quarter.
- From what amount can a company in a special situation request an introduction?
- France Épargne Corporate introduces companies whose financing need reaches €20m or more to private debt funds.
Contact