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Key Small Business Financing Statistics — December 2006

Appendix: Summary Tables

Table I: SME Request and Approval Rates for Debt in 2004
  Request Rate (%) Approval Rate (%)

Source: SME Financing Data Initiative, Statistics Canada, Survey on Financing of Small and Medium Enterprises, 2004.

Rural or urban location Rural 26 88
Urban 16 77
Export and non-export activities Exporter 28 76
Non-exporter 18 82
Year business started selling goods and services 2003–2004 30 76
1999–2002 15 77
Prior to 1999 19 84
Female ownership 0% 17 82
1 to 49% 25 82
50% 22 84
51% to 100% 23 80
100% 13 74
Majority owner by age group <30 21 82
30–39 24 78
40–49 20 81
50–64 18 83
≥65 8 89
Innovation Non-innovative ≤20% R&D expenditure 18 83
Innovative >20% R&D expenditure 31 56


Table II: Percentage of SMEs Using Financing in 2004, by Instrument Type*
  Commercial loans from financial institutions Lines of credit from financial institutions Commercial credit cards Government lending agencies/ grants Retained earnings Trade credit owing to suppliers Leasing Loans from employees Loans from friends and relatives of business owner(s) Personal savings of business owner(s) Personal lines of credit of business owner(s) Personal credit cards of business owner(s) Loans from individuals unrelated to the firm or its owner ("angels") Venture capital funds Other sources of financing

Source: SME Financing Data Initiative, Statistics Canada, Survey on Financing of Small and Medium Enterprises, 2004.

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

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

All SMEs 44.1 50.2 48.4 20.9 53.7 51.9 30.4 17.7 24.2 56.9 45.2 50.0 15.1 12.4 14.9
SMEs by Size of Firm (number of full-time employees)
0 36.3 41.1 38.2 18.0 48.0 41.4 23.6 18.3 21.3 58.5 44.9 48.5 13.1 11.5 12.7
0.5 to 4 49.4 55.6 55.7 22.5 53.8 56.8 31.4 14.9 23.6 57.7 49.2 54.7 17.1 12.8 16.7
5 to 19 55.3 66.9 65.9 25.9 71.4 74.5 50.6 22.3 37.2 50.8 40.4 48.2 18.0 14.1 17.4
20 to 99 75.3 77.7 72.2 32.6 72.1 83.0 47.7 — 22.9 49.3 28.2 31.2 — 13.2 21.7
100 to 499 79.4 94.5 68.1 — 93.9 87.8 75.8 — — — — — — 34.8 —
Industry
Agriculture/Primary 70.5 70.6 47.1 30.0 59.5 42.0 22.6 — 18.4 59.4 39.6 43.9 — 9.4 —
Manufacturing 47.5 56.6 54.2 23.8 56.5 74.8 43.8 16.0 33.8 60.6 49.5 58.9 20.3 17.3 19.2
Wholesale/Retail 43.1 55.3 49.1 21.9 62.1 74.8 37.7 23.0 29.2 66.7 49.1 53.2 19.7 14.3 17.8
Professional services 23.5 39.3 40.3 13.2 56.4 37.0 25.5 15.2 14.8 52.1 39.0 52.4 10.6 9.8 —
Knowledge-based industry 20.0 34.5 40.4 16.9 52.5 35.5 24.7 22.8 22.4 57.2 44.1 58.6 17.6 16.1 18.0
Tourism 50.6 50.1 49.5 16.5 44.4 45.5 27.8 10.2 24.5 62.0 42.8 49.3 11.4 8.0 10.5
Other industries 44.1 46.5 51.2 20.9 49.3 51.1 31.1 18.4 25.8 52.2 47.5 47.6 15.0 13.0 16.7
Region
Atlantic 58.8 63.8 56.1 23.1 56.2 61.5 36.5 15.6 22.8 53.2 42.4 50.4 14.0 10.0 16.5
Quebec 54.2 58.4 50.2 28.7 46.0 50.3 31.9 24.3 28.0 61.2 43.2 46.0 24.5 22.4 20.2
Ontario 34.5 40.9 45.6 16.2 50.9 47.8 28.2 15.7 24.5 54.7 47.1 47.7 10.6 8.1 13.3
Prairies 53.3 58.3 48.3 23.8 59.3 56.1 32.1 17.6 23.2 56.3 43.5 53.1 16.5 13.9 14.5
British Columbia 38.0 47.9 50.6 18.1 62.3 55.2 29.5 — 19.9 59.3 46.4 56.6 — 9.1 —
Territories 48.7 45.3 51.3 — 58.9 56.7 39.8 — — 66.3 53.7 72.5 — 19.2 —
Rural or Urban Location
Rural 59.8 63.8 50.0 23.6 56.8 55.3 28.9 16.2 23.8 55.5 45.4 50.8 15.8 12.8 11.5
Urban 38.4 45.4 47.9 19.9 52.5 50.7 31.0 18.2 24.3 57.5 45.2 49.7 14.9 12.2 16.1
Export and Non-Export Activities
Exporter 48.7 60.0 66.4 26.1 74.7 70.9 38.2 13.9 31.4 73.4 51.9 67.1 14.7 12.1 —
Non-exporter 41.7 51.2 52.2 22.5 56.4 50.9 32.7 20.6 24.4 58.9 46.5 51.1 14.5 12.9 14.9
Year Business Starting Selling Goods and Services
2003–2004 42.4 48.2 42.3 — 53.6 55.8 27.3 — 24.6 73.2 45.3 64.0 — 8.3 —
1999–2002 37.6 45.0 43.9 17.5 45.6 47.0 25.9 16.4 21.9 51.5 46.3 56.4 15.0 13.0 17.6
Prior to 1999 47.1 52.8 51.0 22.9 57.2 53.7 32.7 19.0 25.2 57.9 44.8 45.9 15.6 12.5 13.8
Female Ownership
0% 41.1 54.0 53.2 24.6 54.9 51.8 36.8 22.0 24.8 61.6 50.2 55.6 16.3 14.6 15.5
1 to 49% 45.1 52.4 59.8 18.4 60.1 67.3 36.7 — 29.0 51.4 38.1 42.3 — 7.5 —
50% 47.3 55.4 55.4 20.1 64.4 52.0 27.7 18.2 22.7 62.9 47.3 51.7 — 11.4 16.6
51% to 100% — — — — — — — — — — — — — — —
100% 36.4 38.5 47.7 — 59.7 42.8 — — — 61.2 45.3 54.4 — — —
Majority Owner by Age Group
<30 61.2 77.8 54.5 — 70.3 63.5 47.5 — 42.9 71.0 57.1 70.4 — 14.7 —
30–39 52.2 51.0 47.5 28.8 61.2 56.3 31.8 17.1 33.9 52.4 40.3 48.3 24.3 16.8 26.2
40–49 40.2 51.1 56.4 26.3 51.8 49.7 35.4 23.3 25.3 62.5 49.6 55.9 12.1 13.5 13.5
50–64 42.7 56.3 53.9 17.6 63.3 59.1 34.9 18.9 22.9 61.5 48.5 50.8 13.6 10.7 13.5
≥65 — 38.5 51.3 — 59.4 38.1 — — — 57.3 39.9 50.0 — 12.5 —
Innovation
Non-innovative ≤20% R&D expenditure 43.2 53.2 53.2 23.2 57.5 53.6 34.2 20.3 25.3 59.1 46.1 51.3 15.1 13.4 15.7
Innovative >20% R&D expenditure — — 64.8 — 74.4 — — — — 86.2 66.4 82.0 — 1.9 —


Table III: Amount of Commercial Debt Authorized and Outstanding by Authorizations, as of December 31, 2004
  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: SME Financing Data Initiative, Statistics Canada, Survey of Suppliers of Business Financing, 2004.

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

LESS THAN $25 000
Amounts authorized ($ millions) 4 265.5 400.4 1 948.6 1 073.4 24.2 — — 7 894.3
Amounts outstanding ($ millions) 1 865.3 296.0 1 027.8 535.1 12.0 — — 3 911.2
Number of clients (thousands) 573.3 30.2 164.1 132.4 1.4 — — 911.2
$25 000–$49 999
Amounts authorized ($ millions) 4 607.9 401.6 2 852.1 1 141.1 11.1 14.4 18.2 9 046.4
Amounts outstanding ($ millions) 2 527.4 274.9 1 665.9 752.6 5.6 9.5 9.8 5 245.7
Number of clients (thousands) 138.7 11.7 80.4 36.0 0.3 0.4 0.6 268.1
$50 000–$99 999
Amounts authorized ($ millions) 9 587.6 798.1 5 241.7 2 177.6 18.3 — — 17 991.0
Amounts outstanding ($ millions) 5 313.6 558.2 3 267.3 1 526.1 12.2 — — 10 819.1
Number of clients (thousands) 149.8 12.0 75.3 36.7 0.3 — — 276.2
$100 000–$249 999
Amounts authorized ($ millions) 16 809.7 2 050.9 11 112.8 7 879.7 150.3 384.6 9.2 38 397.0
Amounts outstanding ($ millions) 10 470.8 1 549.2 7 347.9 5 775.9 107.6 253.3 3.4 25 508.1
Number of clients (thousands) 118.2 13.1 71.4 57.5 0.9 1.9 0.1 263.2
$250 000–$499 999
Amounts authorized ($ millions) 16 473.4 2 294.2 8 167.4 8 786.9 307.8 319.2 17.1 36 365.9
Amounts outstanding ($ millions) 10 856.0 1 696.3 5 693.3 6 560.8 235.0 233.1 4.6 25 279.1
Number of clients (thousands) 49.7 6.7 23.7 30.5 0.7 0.8 0.1 112.2
$500 000–$999 999
Amounts authorized ($ millions) 19 962.0 2 929.1 7 254.1 9 434.0 377.3 1 156.9 15.6 41 129.1
Amounts outstanding ($ millions) 13 001.8 2 046.2 4 943.4 7 065.4 308.2 906.9 4.3 28 276.3
Number of clients (thousands) 30.5 4.3 10.7 16.1 0.5 1.4 0.0 63.5
SUBTOTAL OF SMEs
Amounts authorized ($ millions) 71 706.1 8 874.3 36 576.7 30 492.7 889.0 1 875.1 60.1 150 823.7
Amounts outstanding ($ millions) 44 034.9 6 420.8 23 945.6 22 215.9 680.6 1 402.8 22.1 99 039.5
Number of clients (thousands) 1 060.2 78.0 425.6 309.2 4.1 4.5 0.8 1 894.4
$1 000 000–$4 999 999
Amounts authorized ($ millions) 61 543.9 11 090.6 13 173.8 17 606.3 2 061.9 14 857.8 144.4 120 478.7
Amounts outstanding ($ millions) 39 260.1 6 882.2 8 434.1 13 771.1 1 875.2 11 519.0 86.8 81 828.6
Number of clients (thousands) 33.7 5.0 6.9 12.3 0.9 5.1 0.1 64.1
$5 000 000 AND MORE
Amounts authorized ($ millions) 389 329.8 82 815.8 10 212.9 15 741.3 7 195.1 27 766.1 892.6 533 953.7
Amounts outstanding ($ millions) 112 731.6 31 204.1 4 397.0 12 010.9 4 784.2 25 258.6 157.4 190 543.6
Number of clients (thousands) 12.7 3.3 0.8 1.9 0.4 1.8 0.1 21.0
TOTAL — ALL CLIENTS
Amounts authorized ($ millions) 522 579.8 102 780.7 59 963.5 63 840.3 10 146.0 44 752.4 1 193.5 805 256.2
Amounts outstanding ($ millions) 196 026.6 44 507.1 36 776.7 47 997.9 7 339.9 38 413.6 349.9 371 411.6
Number of clients (thousands) 1 106.8 86.2 433.3 323.5 5.4 18.9 5.3 1 979.5


Table IV: SME Request and Approval Rates for Lease Financing in 2004
  Request Rate (%) Approval Rate (%)

Source: SME Financing Data Initiative, Statistics Canada, Survey on Financing of Small and Medium Enterprises, 2004.

Note: Dash indicates estimates suppressed to meet confidentiality requirements of the Statistics Act and/or for low data quality reasons.
All SMEs 3 96
SMEs by size of firm (number of full-time equivalent employees) 0 2 98
0.5 to 4 3 95
5 to 19 7 97
20 to 99 10 92
100 to 499 — 99
Industry Agriculture/Primary 5 100
Manufacturing 5 97
Wholesale/Retail 2 96
Professional services 1 —
Knowledge-based industry 2 98
Tourism 2 98
Other industries 4 95
Region Atlantic 3 94
Quebec 3 97
Ontario 2 98
Prairies 5 99
British Columbia 4 88
Territories 3 —
Rural or urban location Rural 5 99
Urban 3 94
Export and non-export activities Exporter 5 98
Non-exporter 3 96
Year business started selling goods and services 2003–2004 4 95
1999–2002 2 97
Prior to 1999 4 96
Female ownership 0% 4 96
1 to 49% 5 97
50% 3 98
51% to 100% 2 99
100% — 89
Majority owner by age group <30 2 99
30–39 5 98
40–49 4 97
50–64 3 93
≥65 1 —
Innovation Non-innovative
≤20% R&D expenditure		 3 96
Innovative
>20% R&D expenditure		 5 98


Table V: Amount of Lease Financing Authorized and Outstanding by Authorization, as of December 31, 2004
  Domestic banks Finance companies Leasing companies All other suppliers Total — all suppliers

Source: SME Financing Data Initiative, Statistics Canada, Survey of Suppliers of Business Financing, 2004.

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

LESS THAN $25 000
Amounts authorized ($ millions) — — 1 400.6 — 3 281.0
Amounts outstanding ($ millions) — — 581.3 — 1 625.6
Number of clients (thousands) 2.4 206.3 86.0 3.1 297.9
$25 000–$49 999
Amounts authorized ($ millions) 73.8 5 025.8 920.0 57.5 6 077.1
Amounts outstanding ($ millions) 29.3 2 843.2 539.1 39.0 3 450.7
Number of clients (thousands) 1.6 142.5 23.4 1.4 168.9
$50 000–$99 999
Amounts authorized ($ millions) 147.5 1 643.1 1 330.6 79.7 3 201.0
Amounts outstanding ($ millions) 75.7 995.5 856.8 53.9 1 981.9
Number of clients (thousands) 1.7 22.7 18.3 1.0 43.7
$100 000–$249 999
Amounts authorized ($ millions) 372.3 2 165.5 321.8 148.7 3 008.3
Amounts outstanding ($ millions) 212.1 1 335.5 199.7 108.4 1 855.6
Number of clients (thousands) 1.9 12.8 2.1 0.9 17.7
$250 000–$499 999
Amounts authorized ($ millions) 417.5 1 400.5 291.9 163.4 2 273.3
Amounts outstanding ($ millions) 243.6 922.1 174.2 133.5 1 473.4
Number of clients (thousands) 1.0 3.6 0.8 0.5 5.9
$500 000–$999 999
Amounts authorized ($ millions) 626.9 1 410.3 277.1 220.0 2 534.2
Amounts outstanding ($ millions) 361.4 975.0 158.5 192.5 1 687.4
Number of clients (thousands) 0.7 1.7 0.4 0.3 3.1
$1 000 000–$4 999 999
Amounts authorized ($ millions) 1 500.0 3 964.2 668.5 482.3 6 615.1
Amounts outstanding ($ millions) 917.6 2 486.4 382.7 451.1 4 237.7
Number of clients (thousands) 0.6 1.5 0.4 0.2 2.7
$5 000 000 AND MORE
Amounts authorized ($ millions) — — 871.3 — 8 682.0
Amounts outstanding ($ millions) — — 535.3 301.7 5 829.4
Number of clients (thousands) 0.1 0.1 0.1 0.0 0.3
TOTAL — ALL CLIENTS
Amounts authorized ($ millions) 5 066.2 22 983.6 6 081.8 1 540.4 35 672.0
Amounts outstanding ($ millions) 3 132.7 14 260.2 3 427.7 1 321.3 22 141.8
Number of clients (thousands) 10.0 391.3 131.4 7.5 540.2


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Date Modified: 2011-12-12

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