SME Financing in Canada, 2003 — Part I: Financing Conditions for SMEs in 2001

5. Summary Tables

Table 3 — SME Request and Approval Rates for Debt in 2001

	Request	Approval
	2001 (%)	2001 (%)
CANADA	18.1	80.0
SIZE OF BUSINESS
0 employees	11.9	77.3
1 to 4 employees	21.2	79.7
5 to 19 employees	26.6	84.0
20 to 99 employees	23.1	x
100 to 499 employees	x	x
SECTOR
Agriculture	29.9	93.5
Primary	15.7	87.3
Manufacturing	23.3	85.1
Wholesale and Retail	18.4	89.1
Professional Services	13.1	x
Knowledge-based Industries	13.7	77.1
Other sectors	16.2	72.7
REGIONS
Atlantic	20.3	85.3
Quebec	15.2	78.4
Ontario	17.8	74.5
Manitoba, Saskatchewan and Nunavut	25.3	91.8
Alberta and Northwest Territories	20.9	80.2
British Columbia and Yukon	15.6	82.6
FEMALE OWNERSHIP
>0% and <50%	18.2	80.7
50%	20.9	81.4
>50%	14.8	74.8
0%	17.3	77.5
AREA
Rural	21.9	87.3
Urban	16.7	76.3
AGE OF OWNER
Less than 30	27.2	x
30 to 39	22.2	72.7
40 to 64	18.3	82.9
65 and over	6.4	89.7

Note: "x" refers to estimates suppressed to meet the confidentiality requirements of the Statistics Act and/or for data quality reasons.

Source: Statistics Canada, Survey on Financing of Small and Medium-sized Enterprises, 2001.

Table 4 — SMEs Approval and Request Rates for Lease Financing, 2001

	Request	Approval
	2001 (%)	2001 (%)
CANADA	7.3	93.6
SIZE OF BUSINESS
0 employees	4.1	88.0
1 to 4 employees	6.9	97.9
5 to 19 employees	13.9	90.9
20 to 99 employees	19.3	98.3
100 to 499 employees	22.6	96.3
SECTOR
Agriculture	6.3	95.4
Primary	7.3	98.6
Manufacturing	9.8	84.0
Wholesale and Retail	6.5	x
Professional Services	5.3	96.3
Knowledge-based Industries	6.1	96.8
Other sectors	8.2	95.7
REGIONS
Atlantic	7.6	99.3
Quebec	6.4	86.7
Ontario	5.4	92.9
Manitoba. Saskatchewan and Nunavut	10.2	91.7
Alberta and Northwest Territories	9.4	96.6
British Columbia and Yukon	9.6	99.3
FEMALE OWNERSHIP
>0% and <50%	7.5	93.1
50%	7.8	90.7
>50%	6.1	99.8
0%	6.7	92.9
AREA
Rural	6.1	97.8
Urban	7.7	92.4
AGE OF OWNER
Less than 30	12.9	x
30 to 39	7.7	94.1
40 to 64	7.8	93.7
65 and over	1.8	100.0

Note: "x" refers to estimates suppressed to meet the confidentiality requirements of the Statistics Act and/or for data quality reasons.

Source: Statistics Canada, Survey on Financing of Small and Medium-sized Enterprises, 2001.

Table 5 — Proportion of SMEs Requesting Grants or Subsidies from Government or Community Programs

	2001 (%)
CANADA	4.1
SIZE OF BUSINESS
0 employees	3.5
1 to 4 employees	3.6
5 to 19 employees	5.5
20 to 99 employees	8.4
100 to 499 employees	15.8
SECTOR
Agriculture	12.1
Primary	2.1
Manufacturing	6.7
Wholesale and Retail	2.9
Professional Services	2.3
Knowledge-based Industries	5.1
Other sectors	2.5
REGIONS
Atlantic	7.3
Quebec	4.9
Ontario	1.9
Manitoba, Saskatchewan and Nunavut	5.6
Alberta and Northwest Territories	7.6
British Columbia and Yukon	2.7
FEMALE OWNERSHIP
>0% and <50%	3.9
50%	5.9
>50%	3.0
0%	3.4
AREA
Rural	6.2
Urban	3.3
AGE OF OWNER
Less than 30	6.8
30 to 39	2.4
40 to 64	4.3
65 and over	5.4

Note: "x" refers to estimates suppressed to meet the confidentiality requirements of the Statistics Act and/or for data quality reasons.

Source: Statistics Canada, Survey on Financing of Small and Medium-sized Enterprises, 2001.

Table 6— Amount of Debt Financing Requested and Authorized in 2001

	Amount requested	Amount authorized
	2001 (Millions of dollars)	2001 (Millions of dollars)
CANADA	38 878	28 261
SIZE OF BUSINESS
0 employees	5 591	4 926
1 to 4 employees	11 482	9 277
5 to 19 employees	11 623	5 336
20 to 99 employees	6 299	5 084
100 to 499 employees	3 881	3 639
REGIONS
Atlantic	2 829	2 418
Quebec	12 630	6 853
Ontario	12 261	9 096
Manitoba. Saskatchewan and Nunavut	2 435	2 304
Alberta and Northwest Territories	3 815	3 303
British Columbia and Yukon	4 906	4 287
SECTOR
Agriculture	5 477	5 313
Primary	1 889	982
Manufacturing	5 209	4 505
Wholesale and Retail	6 003	4 776
Professional Services	2 240	1 612
Knowledge-based Industries	937	542
Other sectors	17 120	10 531
FEMALE OWNERSHIP
>0% and <50%	21 406	21 408
50%	4 291	4 291
>50%	2 562	2 562
0%	14 015	14 015
RURAL OR URBAN LOCATION
Rural	12 515	7 246
Urban	26 361	21 015

Note: "x" refers to estimates suppressed to meet the confidentiality requirements of the Statistics Act and/or for data quality reasons.

Source: Statistics Canada, Survey on Financing of Small and Medium-sized Enterprises, 2001.

Table 7 — Percentage of Total Requests for Debt by Type of Supplier in 2001

	Chartered banks	Caisses populaires/ credit unions	Crown corporation/ government institution	Other credit suppliers
	2001 (%)	2001 (%)	2001 (%)	2001 (%)
CANADA	67.6	20.3	6.6	5.5
SIZE OF BUSINESS
0 employees	61.8	22.9	10.8	4.5
1 to 4 employees	67.7	20.1	5.9	6.3
5 to 19 employees	70.9	20.4	2.9	5.7
20 to 99 employees	81.9	10.0	4.7	3.4
100 to 499 employees	x	x	7.7	1.7
SECTOR
Agriculture	45.4	26.4	23.9	4.3
Primary	70.3	20.1	3.1	6.5
Manufacturing	68.7	14.6	12.5	4.1
Wholesale and Retail	69.4	22.2	2.6	5.7
Professional Services	87.2	7.6	0.4	4.8
Knowledge-based Industries	65.4	19.9	8.3	6.5
Other sectors	73.5	20.2	0.1	6.2
REGIONS
Atlantic	89.5	16.6	3.3	10.6
Quebec	45.9	47.8	3.5	2.8
Ontario	87.7	2.6	3.5	6.3
Manitoba, Saskatchewan and Nunavut	49.4	34.4	13.0	3.3
Alberta and Northwest Territories	67.9	11.6	19.4	1.0
British Columbia and Yukon	x	25.1	x	13.0
AREA
Rural	51.5	27.9	14.1	6.5
Urban	75.6	16.5	2.9	5.0

Note: "x" refers to estimates suppressed to meet the confidentiality requirements of the Statistics Act and/or for data quality reasons.

Source: Statistics Canada, Survey on Financing of Small and Medium-sized Enterprises, 2001.

Table 8 — Proportion of SMEs Requesting Specific Debt Instruments, 2001

	Demand of short term loan	Term loan	Mortgage loan	Line of Credit	Credit Card
CANADA	7.9	33.3	16.1	31.7	3.1
SIZE OF BUSINESS
0 employees	15.4	32.9	17.3	28.7	2.5
1 to 4 employees	4.9	33.0	16.2	32.4	3.7
5 to 19 employees	3.6	35.1	16.4	33.2	2.8
20 to 99 employees	10.0	x	8.4	x	1.5
100 to 499 employees	2.5	x	x	x	0.7
SECTOR
Agriculture	11.3	53.4	16.30	20.9	0.2
Primary	13.2	46.2	7.0	38.4	5.5
Manufacturing	9.0	25.1	10.4	33.9	0.3
Wholesale and Retail	3.3	19.2	13.1	43.0	1.4
Professional Services	4.1	20.3	8.2	x	1.1
Knowledge-based Industries	7.4	24.6	5.1	x	7.5
Other sectors	8.4	32.9	21.1	28.5	5.4
REGIONS
Atlantic	10.9	20.0	23.0	25.5	5.1
Quebec	10.9	35.9	32.6	24.2	2.5
Ontario	5.0	27.1	10.1	37.2	3.1
Manitoba. Saskatchewan and Nunavut	9.3	43.6	13.8	24.0	4.6
Alberta and Northwest Territories	9.2	46.5	9.4	27.3	3.5
British Columbia and Yukon	6.7	27.0	13.8	x	0.2
AREA
Rural	7.5	40.2	20.2	25.5	2.7
Urban	8.1	29.9	14.1	34.7	3.2

Note: "x" refers to estimates suppressed to meet the confidentiality requirements of the Statistics Act and/or for data quality reasons.

Source: Statistics Canada, Survey on Financing of Small and Medium-sized Enterprises, 2001.