Small and medium-sized business (SMB)

In the Basel II definition, currently companies with consolidated annual sales of less than EUR 50 million. – In Recommendation 2003/361/EC of the European Commission, which has been in force since the beginning of 2005, the following are defined as – microenterprises: all companies with up to 9 employees and a turnover or balance sheet total of up to EUR 2 million, – small enterprises: companies that employ fewer than 50 people and whose annual turnover or balance sheet total does not exceed EUR 10 million. – Medium-sized companies are those that employ less than 250 people and whose annual turnover does not exceed EUR 50 million or balance sheet total does not exceed EUR 43 million. The number of employees as well as the turnover of affiliated companies and partner companies (shareholdings of more than 25 percent) are to be counted. – However, since there are also several other classifications of SMEs, the underlying definitions must always be taken into account when making the corresponding statements. – In Germany, more than 50 percent of employees were employed in SMEs in 2009. – See Family and friendsCapital, Factoring, SME-related, Founders’ bank, Leasing business, Mid cap, Mittelstand, Mittelstand loan, Corporate bonds. – Cf. Deutsche Bundesbank’s December 2006 Monthly Report, p. 37 ff. (detailed presentation of the situation of SMEs since 1997; many important overviews [also individual balance sheet items of SMEs, and these also in comparison with large companies], p. 39: statistical definitions) and the updating update in the respective December report of the Deutsche Bundesbank, in the December 2012 Monthly Report, p. 29 ff. also comparison of the effects of the financial crisis on SMEs and large companies; ECB Monthly Report of August 2007, pp. 83 ff. (Financing of SMEs in the euro area; overviews, references), ECB Monthly Report of October 2009, pp. 36 ff. (Provision of loans to SMEs during the financial crisis; overviews), ECB Monthly Report of July 2013, pp. 44 ff. (Financing conditions of SMEs; many overviews), ECB Monthly Report of
August 2013, pp. 22 et seq. (indicator of perceived external financing gap for SMEs as a measure of any financing constraints; overviews), ECB Monthly Bulletin of November 2013, pp. 49 et seq. (SME financing conditions since 2009; overviews), ECB Monthly Bulletin of May 2014, pp. 37 et seq. (SME financing conditions up to March 2014; overviews), Deutsche Bundesbank Monthly Bulletin of May 2014, pp. 41 et seq. (SME financing conditions in the euro area; overviews).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

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