Archived — Financing SME in Canada: Barriers Faced by Women, Youth, Aboriginal and Minority Entrepreneurs in Accessing Capital—Phase 2: Gap Analysis and Recommendations for Further Research
Small Business, Tourism and Marketplace Services
Small Business and Tourism Branch
The purpose of this project was to address whether certain business owner profiles (women, youth, Aboriginal, visible minorities and language groups) faced greater barriers in accessing financing for entrepreneurial ventures than the SME population in general. Phase 1 comprised a literature review of existing research and reports on this topic. Phase 2 identifies the barriers to financing noted in the literature on each of the Profile Groups, but also highlights the significant gaps which exist in this research. Based on this gap analysis, Phase 2 concludes with a framework for future research and data collection that would address these gaps, and provides insights into barriers faced by SMEs in accessing financing. This framework would be robust enough not only to address questions of barriers faced by the identified Profile Groups, but also to yield broader insights into barriers faced by other segments of the Canadian SME population.
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