Canada Small Business Financing Act
Annual Report 2010–2011

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.