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ARCHIVED—Canada Small Business Financing Act
Annual Report 2010-2011
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Program Snapshots 2010-11
Loans to small businesses
totalled 7466 with a value of almost $1.03 billion. The average loan size was $137 521.
Loans for amounts of more than $250 000
accounted for 40 percent ($405.7 million) of the total value of loans registered.
Businesses in operation less than one year
borrowed approximately 57 percent ($588 million) of the total loan value.
Corporations
were the preferred method of carrying on business, accounting for 91 percent ($930.8 million) of the total loan value.
The largest industry sector
using the CSBF Program was accommodation and food services with 27 percent ($281.4 million) of the total loan value.
The amount of claims paid to lenders
declined to $80.4 million (1579 claims) averaging $50 924 per claim.
Businesses with less than $1 million in revenues
accounted for 73 percent ($752.8 million) of the value of all loans registered.
The CSBF Program's
261 884 website visits illustrate the high level of interest in access to financing.
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