ARCHIVED—Comprehensive Review Report (2004–09)
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Long form descriptions for CSBFA Comprehensive Review Report
Figure 1: Types of Financial Instruments in Use by SMEs in 2007
This horizontal bar graph shows the different types of financing used by SMEs in the year 2007. The most used source was commercial or personal loans from financial institutions at 64 percent, the second was the SMEs' retained earnings at 57 percent, and the third was the personal savings of the business owner at 54 percent. Other sources of financing were used less than 25 percent of the time.
Figure 2: Changes in SBL Program Lending and Claims from 1985-86 to 1998-99
This line graph displays the value of loans registered and claims paid for the CSBF Program's predecessor program, the Small Business Loans Program, from 1985 to 1999. Lending increased from an average of about $500 million annually to a peak of $4.4 billion in 1994–95. This spike in uptake was followed by a spike in claims for loss. The total value of claims rose to peak at $230 million in 1998–99.
Figure 3: Percentage Distribution of CSBF Borrowers (2004-09) vs. Canadian SME Population by Region (2008)
This graphic is a map of Canada that compares the Canadian SME population and distribution of CSBF Program borrowers by province. The number of SMEs compared to CSBF Program borrowers is fairly close in most provinces and territories with a few exceptions as noted. Ontario has 30 percent of CSBF Program borrowers, but 34 percent of SMEs; Quebec has 35 percent of CSBF Program borrowers, but 22 percent of SMEs; and British Columbia has 7 percent of CSBF Program borrowers, but 16 percent of SMEs.
Figure C-1: Number and Value of CSBF Loans and Claims, 2004-09
This bar and line graph shows the total value of loans, total value of claims, average loan size and average claim size as well as the number of loans and claims for the program from 2004 to 2009. Program lending has decreased from 11 143 loans in 2004-05 to 7846 in 2008-09. Lending value has also declined from $1.04 billion to $0.92 billion. Average loan value has increased from $93 500 in 2004-05 to $116 800 in 2008-09.
Figure C-2: Percentage of CSBF Loans by Age of Borrower Firm, 2004-09
This pie chart shows the percentage of CSBF loans by age of borrower firm for the period from 2004 to 2009. About 54 percent of CSBF loans were to start-ups and businesses less than one year old. Firms between 1 and 3 years old received 13 percent of CSBF loans and firms more than 3 years old received 33 percent.
Figure C-3: Percent of Total Value of CSBF Loans and Claims by Industry Sector, 2004–09
This bar graph shows the percent of total value of CSBF loans and claims by industry sector for the period from 2004 to 2009. Four industry sectors accounted for 59 percent of the value of loans and 65 percent of the value of claims. These were the food and beverage services, retail trade, manufacturing, and transportation and warehousing sectors.
Figure C-4: Percent of Total Value of CSBF Loans and Claims by Asset Type, 2004-09
This bar graph shows the percent of total value of CSBF loans and claims by asset type from 2004 to 2009. Equipment loans accounted for about half of loans registered by value, leasehold improvements for 30 percent and real property for 20 percent. Equipment as a percentage of claims value was the highest at 60 percent, while leasehold improvements accounted for 30 percent and real property for 10 percent.
Cost Recovery Model Summary: CSBF Program Period C1 (1999–2004) and Period C2 (2004–09)
Table D-1 shows the current cost recovery forecasts for the first two lending periods of the CSBF Program (the first cohort is from 1999 to 2004 and the second is from 2004 to 2009). This table provides a summary of the revenue and expense streams associated with each of the aforementioned annual cohorts. For the first cohort, the program's net cost is estimated to be $139 million, while for the second the net cost is estimated at $196 million. Cost recovery for the first cohort is estimated at 68 percent, while for the second cohort it is estimated at 59 percent.
Cost Recovery Model Summary: CSBF Program Period C1 (1999–2004) and Period C2 (2004–09) (NPV Basis)
Table D-2 provides the same summary of the revenue and expense streams associated with each of the CSBF annual cohorts. This table takes into consideration the three- to five-year lag between when the revenues are received and when the expenses are paid, it is presented on a net present value (NPV) basis. For the first cohort, the program's net cost is estimated to be $94 million, while for the second the net cost is estimated at $150 million. Cost recovery for the first cohort is estimated at 74 percent, while for the second cohort it is estimated at 63 percent.
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