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Key Small Business Financing Statistics - August 2005

Appendix: Summary Tables

Table I: SME Request and Approval Rates for Debt in 2001
  2001 (%)
Request Approval

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

Note: Dash indicates estimates suppressed to meet the confidentiality requirements of the Statistics Act and/or for low data quality reasons.
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 —
30 to 39 22.2 72.7
40 to 64 18.3 82.9
65 and over 6.4 89.7


Table II: Percentage of SMEs Using Financing in 2000, by Instrument Type*
  Commercial loans and lines of credit Commercial credit cards Government loans and grants Business' retained earnings Trade credit from suppliers Leasing Loans from employees Personal savings of owner(s) Personal lines of credit of owner(s) Personal credit cards Personal loans of owner(s) Loans from friends or relatives Loans and investment from individuals Factoring

Source: Statistics Canada, Survey on Financing of Small and Medium Enterprises, 2000.

*Includes any source used, regardless of whether it was authorized or obtained in a previous year.

**Refers to businesses two years of age or older.
All SMEs 48.7 26.4 6.5 30.9 39.0 15.8 2.5 34.6 21.1 33.3 13.7 9.6 3.7 1.2
All Businesses by Size (Number of Employees)
0 39.1 19.8 7.0 25.0 26.3 9.3 1.9 36.0 22.2 35.2 12.3 8.9 3.9 0.9
1 to 4 51.1 28.2 5.4 34.0 44.3 16.2 3.5 35.1 20.5 33.9 14.2 9.9 2.8 1.3
5 to 19 66.8 37.9 7.0 35.9 57.9 28.1 1.8 33.2 21.5 30.1 17.1 10.9 5.1 1.6
20 to 99 70.4 43.3 8.7 53.1 67.0 40.3 3.8 19.0 11.5 19.3 14.0 9.2 4.6 2.4
100 to 499 78.9 48.7 13.8 52.0 78.1 44.4 2.7 12.7 6.1 11.8 6.7 5.1 3.5 1.2
Established Businesses by Size** (Number of Employees)
0 34.0 20.0 4.0 25.0 25.0 9.0 2.0 36.0 23.0 37.0 12.0 6.0 3.0 1.0
1 to 4 50.0 29.0 4.0 34.0 43.0 16.0 4.0 32.0 22.0 36.0 14.0 9.0 2.0 1.0
5 to 19 66.0 41.0 7.0 41.0 57.0 28.0 2.0 33.0 22.0 32.0 18.0 8.0 3.0 2.0
20 to 99 69.0 44.0 7.0 57.0 66.0 36.0 4.0 17.0 9.0 18.0 13.0 8.0 4.0 2.0
100 to 499 86.0 46.0 10.0 51.0 75.0 56.0 3.0 11.0 5.0 10.0 8.0 3.0 2.0 1.0
Sector
Agriculture 71.5 27.7 27.5 29.4 40.6 14.0 2.5 41.9 27.5 31.5 17.3 15.8 2.7 2.5
Knowledge-based Industries 20.7 20.4 5.0 37.4 22.1 13.4 2.8 30.4 17.7 34.3 9.6 6.6 2.7 1.1
Manufacturing 51.3 32.9 6.1 34.2 58.1 24.5 1.8 33.8 21.4 34.6 18.4 10.4 3.1 0.8
Primary 50.4 21.1 6.8 32.0 36.5 13.6 2.1 34.9 16.5 31.1 13.2 4.9 3.1 1.0
Professional Services 35.2 23.2 2.5 34.3 27.8 16.5 4.1 34.1 23.0 39.5 12.0 5.3 1.7 1.2
Wholesale and Retail 51.8 28.9 3.9 30.2 52.0 18.8 2.5 34.9 22.1 33.0 17.1 13.0 5.4 1.9
Other Sectors 47.1 26.0 2.9 29.8 36.5 14.4 2.3 33.0 19.1 32.4 11.9 8.2 4.1 0.6
Region
CANADA 48.7 26.4 6.5 30.9 39.0 15.8 2.5 34.6 21.1 33.3 13.7 9.6 3.7 1.2
Atlantic 53.5 24.0 8.0 31.2 46.4 17.3 1.4 35.2 24.6 35.8 13.7 7.4 3.7 1.7
Quebec 51.3 27.3 7.9 21.7 36.7 10.7 1.7 27.9 12.0 26.8 15.4 10.2 2.7 0.6
Ontario 43.5 27.0 3.6 32.6 37.3 16.9 3.3 35.8 22.3 33.1 11.6 9.6 4.4 0.9
Manitoba, Saskatchewan and Nunavut 61.3 27.9 14.1 33.9 45.1 20.2 2.9 37.1 28.4 34.9 18.6 11.2 3.2 1.3
Alberta and Northwest Territories 51.2 28.0 8.7 36.7 42.7 17.5 2.5 35.7 24.0 40.5 14.0 8.5 2.8 2.1
British Columbia and Yukon 45.5 21.8 3.9 34.1 36.4 16.0 2.4 39.2 23.5 35.5 13.1 9.6 4.7 1.7
Year Business Began Operations
1999–2000 37.0 23.0 5.0 33.0 41.0 21.0 4.0 48.0 21.0 39.0 18.0 17.0 5.0 1.0
1997–1998 41.0 21.0 2.0 29.0 31.0 15.0 2.0 40.0 25.0 37.0 13.0 12.0 2.0 2.0
1996 and prior 46.0 27.0 5.0 32.0 38.0 15.0 3.0 33.0 21.0 35.0 13.0 7.0 3.0 1.0
Gender of Owner
Male/Female Partnership 50.4 27.3 10.8 32.1 38.9 15.6 2.3 32.2 24.5 35.5 13.9 9.3 2.6 1.3
Majority male-Owned 49.8 26.9 6.0 30.8 41.2 15.7 2.5 34.0 20.7 32.4 14.0 9.9 4.4 1.1
Majority Female-Owned 41.9 22.9 3.2 30.0 29.6 16.9 2.9 40.1 18.4 34.6 12.3 8.6 2.3 1.4
Age of Owner
Less than 34 52.9 24.6 11.4 30.3 42.4 22.6 2.6 44.3 28.8 41.6 18.7 16.3 4.1 0.7
35 to 44 53.0 31.4 8.7 30.9 42.3 18.9 2.0 34.2 43.5 39.3 13.3 14.1 3.5 1.5
45 to 64 46.8 25.1 5.2 30.2 36.8 14.3 2.6 34.4 20.4 31.6 14.1 7.2 3.6 1.0
High-Growth SMEs (GSMEs)
GSMEs 50.0 32.0 7.0 34.0 46.0 20.0 3.0 35.0 23.0 37.0 15.0 13.0 4.0 1.0
All SMEs 48.7 26.4 6.5 30.9 39.0 15.8 2.5 34.6 21.1 33.3 13.7 9.6 3.7 1.2
Exporter and Non-exporter SMEs
Exporter 51.5 39.7 8.7 40.5 50.0 28.5 4.6 36.8 24.0 40.0 15.6 11.7 5.2 2.0
Non-exporter 48.4 24.8 6.2 29.8 37.7 14.3 2.3 34.3 20.7 32.5 13.5 9.3 3.5 1.1
Urban and Rural SMEs
Urban 44.6 26.3 3.9 31.2 37.3 16.7 2.7 33.6 20.2 32.6 12.6 8.6 3.7 1.2
Rural 59.6 26.5 13.3 30.3 43.5 13.5 2.0 37.1 23.3 35.3 16.8 12.3 3.7 1.2
Visible Minority Ownership
Visible Minority 48.0 23.7 4.5 30.8 39.7 16.2 2.1 40.1 24.0 25.4 16.9 10.2 3.5 3.0
Non-visible Minority 48.8 26.6 6.6 30.9 39.0 15.8 2.6 34.1 20.9 33.9 13.5 9.5 3.7 1.1


Table III: Amount of Commercial Debt Authorized and Outstanding by Authorizations, as of December 31, 2001
  Domestic banks Other banks Credit unions and caisses populaires Finance companies Portfolio managers, venture capital companies, financial funds Insurance companies Leasing companies Total – all suppliers

Source: Statistics Canada, Survey of Suppliers of Business Financing, 2001.

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

Less than $25 000
Amounts authorized ($ millions) 3 118.5 280.7 2 073.7 1 181.8 220.0 – – 7 153.5
Amounts outstanding ($ millions) 1 547.9 146.5 1 092.3 323.2 165.0 – – 3 430.9
Number of clients (thousands) 416.0 24.4 175.5 177.4 28.4 – – 859.3
$25 000–$49 999
Amounts authorized ($ millions) 4 183.2 393.2 2 520.0 1 366.6 161.7 78.332.6 8 735.6
Amounts outstanding ($ millions) 2 439.4 231.2 1 478.1 706.7 87.4 9.7 18.9 4 971.4
Number of clients (thousands) 121.0 11.5 72.5 39.0 4.6 2.2 0.9 251.7
$50 000–$99 999
Amounts authorized ($ millions) 8 454.8 901.4 4 830.3 3 060.0 350.4 – – 17 797.3
Amounts outstanding ($ millions) 5 165.8 566.3 3 100.8 1 734.2 218.7 – – 10 859.9
Number of clients (thousands) 125.2 13.5 70.7 43.8 5.0 – – 261.0
$100 000–$249 999
Amounts authorized ($ millions) 17 775.2 2 403.5 8 543.9 8 698.9 550.5 409.8 249.2 38 631.0
Amounts outstanding ($ millions) 11 826.0 1 659.8 5 715.4 4 921.1 253.5 142.6 143.1 24 661.5
Number of clients (thousands) 115.7 15.3 56.4 56.7 3.5 2.6 1.6 251.8
$250 000–$499 999
Amounts authorized ($ millions) 17 211.8 2 437.6 5 004.5 10 830.0 163.5 370.7 70.0 36 088.1
Amounts outstanding ($ millions) 11 580.2 1 686.8 3 463.1 6 452.8 114.4 214.5 26.5 23 538.3
Number of clients (thousands) 49.6 7.0 14.7 31.8 0.5 1.1 0.2 104.9
$500 000–$999 999
Amounts authorized ($ millions) 19 895.1 3 056.4 3 682.8 10 067.3 424.2 1 433.2 81.9 38 640.9
Amounts outstanding ($ millions) 13 081.0 1 976.8 2 469.9 6 666.8 323.6 1 021.6 33.6 25 573.3
Number of clients (thousands) 28.6 4.5 5.5 14.7 0.6 1.9 0.1 55.9
Subtotal of SMEs
Amounts authorized ($ millions) 70 638.6 9 472.8 26 655.2 35 204.6 1 870.3 2 292.0 433.7 147 046.4
Amounts outstanding ($ millions) 45 640.3 6 267.4 17 319.6 20 804.8 1 162.6 1 388.4 222.1 93 035.3
Number of clients (thousands) 856.1 76.2 395.3 363.4 42.6 7.8 2.8 1 784.6
$1 000 000–$4 999 999
Amounts authorized ($ millions) 57 201.3 10 556.9 5 815.5 16 250.6 3 987.6 22 018.4 121.3 115 951.6
Amounts outstanding ($ millions) 35 343.5 6 667.5 3 526.6 10 906.3 2 742.9 15 185.7 58.6 74 431.1
Number of clients (thousands) 27.0 5.0 3.3 7.4 1.6 9.3 0.1 53.7
$5 000 000 and more
Amounts authorized ($ millions) 482 060.8 68 237.4 6 091.2 12 750.3 9 614.1 48 331.4 4 370.0 631 455.2
Amounts outstanding ($ millions) 120 533.9 28 849.2 3 596.3 8 127.6 6 343.9 32 539.6 799.5 200 790.0
Number of clients (thousands) 10.1 2.5 0.4 0.7 0.4 3.9 0.1 18.1
Total — All Clients
Amounts authorized ($ millions) 609 900.7 88 267.1 38 561.9 64 205.5 15 472.0 73 004.2 5 041.8 894 453.2
Amounts outstanding ($ millions) 201 517.7 41 784.1 24 442.5 39 838.7 10 249.4 49 280.4 1 143.6 368 256.4
Number of clients (thousands) 893.2 83.7 399.0 371.5 44.6 53.2 11.2 1 856.4


Table IV: Loss Rates (percent) on Commercial Debt, by Authorization Categories, of Financial Suppliers in 2001
  Domestic banks Other banks Credit unions and caisses populaires Finance companies Portfolio managers, venture capital companies, financial funds Insurance companies Leasing companies Total – all suppliers

Source: Statistics Canada, Survey of Suppliers of Business Financing, 2001.

Note: Dash indicates estimates suppressed to meet the confidentiality requirements of the Statistics Act and/or for low data quality reasons.

Less than $25 000 1.8 – 1.8 1.4 5.6 – – 1.7
$25 000–$49 999 0.9 – 1.2 1.7 – – 0.5 1.1
$50 000–$99 999 2.3 – 1.0 0.9 – – – 1.6
$100 000–$249 999 0.8 0.5 0.9 0.8 – – – 0.8
$250 000–$499 999 0.6 0.5 0.9 0.7 – – – 0.7
$500 000–$999 999 0.7 0.8 0.5 0.5 7.1 0.2 0.9 0.7
Subtotal of SMEs 0.9 0.6 1.1 0.7 6.4 0.3 3.4 0.9
$1 000 000–$4 999 999 0.3 0.7 – 0.6 4.0 0.3 – 0.5
$5 000 000 and more 0.3 1.2 – 0.6 2.9 0.3 – 0.5
Total — All clients 0.4 1.0 0.8 0.7 3.4 0.3 0.8 0.6


Table V: SMEs Request and Approval Rates for Lease Financing, 2001
  2001 (%)
Request Approval

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

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

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 —
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 —
30 to 39 7.7 94.1
40 to 64 7.8 93.7
65 and over 1.8 100.0


Table VI — Amount of Lease Financing Authorized and Outstanding by Authorizations as of December 31, 2001
  Domestic banks Finance companies Leasing companies All other suppliers Total – all suppliers

Source: Statistics Canada, Survey of Suppliers of Business Financing, 2001.
Less than $25 000
Amounts authorized ($ millions) 13.8 559.9 1 419.0 160.8 2 153.5
Amounts outstanding ($ millions) 11.9 365.9 863.7 110.1 1 351.6
Number of clients (thousands) 1.1 105.6 193.6 13.2 313.5
$25 000–$49 999
Amounts authorized ($ millions) 38.1 6 293.2 1 022.5 50.0 7 403.8
Amounts outstanding ($ millions) 33.9 2 295.1 550.6 34.0 2 913.6
Number of clients (thousands) 1.1 189.1 32.0 1.4 223.6
$50 000–$99 999
Amounts authorized ($ millions) 111.5 980.5 464.7 240.2 1 796.9
Amounts outstanding ($ millions) 98.4 745.1 273.9 186.2 1 303.6
Number of clients (thousands) 1.7 13.0 6.7 3.2 24.6
$100 000–$249 999
Amounts authorized ($ millions) 343.0 451.6 552.2 131.9 1 478.7
Amounts outstanding ($ millions) 297.4 331.2 301.0 93.4 1 023.0
Number of clients (thousands) 2.5 3.0 4.0 0.8 10.3
$250 000–$499 999
Amounts authorized ($ millions) 445.5 500.4 241.0 108.2 1 295.1
Amounts outstanding ($ millions) 379.3 372.6 134.2 85.0 971.1
Number of clients (thousands) 1.4 1.4 0.7 0.3 3.8
$500 000–$999 999
Amounts authorized ($ millions) 567.0 708.3 286.1 397.4 1 958.8
Amounts outstanding ($ millions) 469.2 531.9 142.9 334.9 1 478.9
Number of clients (thousands) 0.9 1.0 0.4 0.5 2.8
$1 000 000–$4 999 999
Amounts authorized ($ millions) 1 633.1 2 165.6 536.9 491.5 4 827.1
Amounts outstanding ($ millions) 1 266.4 1 676.3 282.7 370.8 3 596.2
Number of clients (thousands) 0.9 1.0 0.3 0.2 2.4
$5 000 000 and more
Amounts authorized ($ millions) 5 417.1 3 651.0 1 751.4 693.1 11 512.6
Amounts outstanding ($ millions) 4 511.4 2 800.1 1 091.8 511.1 8 914.4
Number of clients (thousands) 0.7 0.1 0.1 0.1 1.0
Total — All clients
Amounts authorized ($ millions) 8 569.1 15 310.5 6 273.8 2 273.1 32 426.5
Amounts outstanding ($ millions) 7 067.9 9 118.2 3 640.8 1 725.5 21 552.4
Number of clients (thousands) 10.3 314.2 237.8 19.7 582.0


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Date Modified: 2011-12-12

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