Bulletin - April 2013

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Annual Report 2011-2012—Canada Small Business Financing Act

The Minister of Industry, Christian Paradis, in the latest annual report, stated that the Canada Small Business Financing (CSBF) Program continues to play a vital role in the Government of Canada's commitment to promoting Canadian small businesses.

Below are some notable highlights from the 2011–2012 Annual Report recently tabled in Parliament:

  • There were 7,196 loans worth more than $996 million registered in 2011–2012. The average loan size was $138,453, an increase of about 1.7 per cent from the previous year.
  • Businesses in operation less than one year borrowed about $572.8 million (57.5 percent) in financing.
  • Accommodation and food services was the largest industry sector in volume with $292.5 million (29.4 percent) of the total loan value.
  • There were 1,154 loans in excess of $250,000 with a value of $384.8 million (38.6 percent).
  • Financing of equipment accounted for the largest share of loans by value (44 percent) followed by leasehold improvements (31.8 percent) and real property (24.2 percent).
  • The amount of claims paid to lenders declined by $9.2 million to $67.1 million on 1,373 claims, an average of $48,869 per claim. These claims were on defaulted loans registered since 1999. The claim payments were offset by $52.4 million in revenues from fees received.
  • The more than 268,000 visits to the CSBF Program website illustrates the high level of interest in access to financing.

The full text of the 2011-2012 Annual Report is accessible on our website www.ic.gc.ca/csbfp which also contains the CSBF Program's historical data tables on a yearly basis since .

We welcome your comments and feedback on any points raised in this Bulletin. Please feel free to contact us.

Info Line: 1-866-959-1699
Fax: (613) 952-0290
Email: csbfp-pfpec@ic.gc.ca
URL: www.ic.gc.ca/csbfp