2014

CSBFP: Updated and Extended Economic Impact Analysis Cover
Canada Small Business Financing Program: Updated and Extended Economic Impact Analysis

This report examines the extent to which participation in the Canada Small Business Financing Program (CSBFP) impacts areas such as growth in revenue, employment, profits, salary, labour productivity, firm viability and investment in R&D. The report also compares the performance of CSBFP borrowers to the small and medium-sized population as a whole, as well as to denied borrowers.

Cover of the Venture Capital Monitor - Q2 2014 issue
Venture Capital Monitor - Q2 2014

This issue covers venture capital (VC) investment and fundraising activity in Canada during the second quarter of 2014.

Cover of the Growth or Profitability First report
Growth or Profitability First?: The Case of Small and Medium-Sized Enterprises in Canada

This study examine the relationship between a firm's growth and profitability for the period from 2006 to 2011. Among others, the study shows that human capital is a determining factor as it plays a positive role in a firm achieving superior performance in both growth and profitability.

Cover of the Credit Condition Trends 2009-2013 analysis
Credit Condition Trends 2009–2013

This analysis highlights the changes and developments in small business credit conditions between 2009 and 2013, and aims to facilitate understanding of credit-market trends for small businesses.

Cover of the Credit Conditions Survey - 2013
Credit Conditions Survey - 2013

The Credit Conditions Survey was conducted between January and March 2014. The questions were fact-based and focused on financing sought by small enterprises (1 to 99 employees) during the 2013 calendar year.

Cover of the Venture Capital Monitor - Q1 2014 issue
Venture Capital Monitor - Q1 2014

This issue covers venture capital (VC) investment and fundraising activity in Canada during the first quarter of 2014.

Biannual Survey of Suppliers of Business Financing, second half 2013

Data analysis of the results, along with the data tables of the Biannual Survey of Suppliers of Business Financing, second half 2013.

Cover of the Business Development Bank of Canada, 10-Year Legislative Review: 2001-2010 Report
Business Development Bank of Canada, 10-Year Legislative Review: 2001-2010

This report examines the economic forces that have affected small and medium-sized enterprises (SMEs) over the review period. It assesses how the BDC has responded to the changing needs of its clients and to government priorities.

Cover of the Venture Capital Monitor - Q4 2013 issue
Venture Capital Monitor - Q4 2013

This year-end issue covers venture capital (VC) activity from January 2013 to December 2013.

Cover of the Cyclicality of SME Financing in Canada report
Cyclicality of SME Financing in Canada

This paper quantifies and assesses the relationship between the business cycle, as measured by the output gap, and chartered bank loans to small, medium-sized and large businesses using aggregate data from the Bank of Canada's Banking and Financial Statistics Database combined with National Account and financial market data covering the 1988 to 2012 period.

Cover of the Venture Capital Monitor - Q3 2013 issue
Venture Capital Monitor - Q3 2013

This issue covers venture capital (VC) investment and fundraising activity in Canada during the third quarter of 2013. It also describes recent government activity in the VC market.

Fast facts

There are 1.2 million SMEs in Canada that have employees.

Source: Key Small Business Statistics

98 percent of businesses in Canada have fewer than 100 employees.

Source: Key Small Business Statistics

Over 78,000 new SMEs were created in Canada in 2013.

Source: Key Small Business Statistics

Over 10 million people in Canada work for a SMEs.

Source: Key Small Business Statistics

22 percent of SMEs operate in goods-producing industries. 78 percent of SMEs operate in service industries.

Source: Key Small Business Statistics

11.8 percent of SMEs exported goods and services in 2014

Source: Key Small Business Statistics

SMEs were responsible for $106 billion (25 percent) of Canada's total value, of exports in 2013.

Source: Key Small Business Statistics

Export intensity (percentage of revenues derived from exporting) falls as firms get larger.

Source: Canadian Small Business Exporters, Special Edition: Key Small Business Statistics

SMEs contribute 39 percent to Canada's GDP in 2008.

Source: Statistics Canada

Since 2011, more SMEs are died than born every year.

Source: Statistics Canada, Entrepreneurship Indicators Database.

The likelihood of exporting increases with business size.

Source: 2014 Survey on Financing and Growth of Small and Medium Enterprises

48 percent of all SME owners are between 50 and 64 years old.

Source: 2014 Survey on Financing and Growth of Small and Medium Enterprises

15.7 percent of SMEs were majority-female owned in 2014.

Source: 2014 Survey on Financing and Growth of Small and Medium Enterprises

24 percent of SME owners have a bachelor's degree and 14 percent have a master's or above.

Source: 2014 Survey on Financing and Growth of Small and Medium Enterprises

42 percent of SMEs innovated between 2012 and 2014.

Source: 2014 Survey on Financing and Growth of Small and Medium Enterprises

21 percent of SMEs held some type of intellectual property in 2014.

Source: 2014 Survey on Financing and Growth of Small and Medium Enterprises

Only 51 percent of SMEs requested external financing in 2014.

Source: 2014 Survey on Financing and Growth of Small and Medium Enterprises

About 86 percent of the amount of debt financing requested by SMEs was authorized.

Source: 2014 Survey on Financing and Growth of Small and Medium Enterprises

26 percent of SMEs imported goods or services in 2011.

Source: 2011 Survey on Financing and Growth of Small and Medium Enterprises

3.2 percent of SMEs outsourced business activities from outside of Canada.

Source: 2011 Survey on Financing and Growth of Small and Medium Enterprises

3 hours per month is the average time spent by an SME complying with government regulations.

Source: SME Regulatory Compliance Cost Report–September 2013

The cost of regulatory compliance fell from 0.81 percent of SME GDP in 2005 to 0.75 percent in 2011.

Source: SME Regulatory Compliance Cost Report–September 2013

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