2023

SME Profile: Canada Small Business Financing Program borrowers

2023-03-31

This report profiles the general characteristics of Canada Small Business Financing Program (CSBFP) borrowers, and compares them to the characteristics of non-CSBFP borrowers. These groups are compared across several characteristics, including, but not limited to gender, age, experience, industry, innovation activity, growth and financing activity.

 

SME Profile: Clean technology in Canada

2023-03-24

This report presents results from the 2020 Survey on Financing and Growth of Small and Medium Enterprises to offer a glimpse into the financing and growth activities of clean technology (clean tech) small and medium-sized enterprises (SMEs) in Canada. These findings, which include statistics on the firm characteristics, financing, growth activities and ownership of clean tech SMEs, are compared with those of all SMEs.

 

SME Profile: Co-operatives in Canada

2023-03-10

This profile presents comparisons between co-operatives and small and medium-sized enterprises (SMEs) based on the Survey on Financing and Growth of Small and Medium Enterprises (SFGSME).

 

Fast facts

There are 1.21 million SMEs in Canada that have employees.
Source: Key Small Business Statistics

98% of businesses in Canada have fewer than 100 employees.
Source: Key Small Business Statistics

Between 2015 and 2019, on average, 101,324 businesses were created every year and 90,151 disappeared.
Source: Key Small Business Statistics

Private sector SMEs employ over 10 million people in Canada.
Source: Key Small Business Statistics

21% of SMEs operate in goods-producing industries and 79% of SMEs operate in service industries.
Source: Key Small Business Statistics

SMEs were responsible for $246 billion (43%) of Canada's total value of goods exports in 2021.
Source: Key Small Business Statistics

3.4% of firms with 10 employees or more were high-growth firms in 2019.
Source: Key Small Business Statistics

SMEs contributed 50% of Canada's GDP in 2019.
Source: Key Small Business Statistics

12.1% of SMEs exported goods and services in 2020.
Source: 2020 Survey on Financing and Growth of Small and Medium Enterprises

The likelihood of exporting increases with business size.
Source: 2020 Survey on Financing and Growth of Small and Medium Enterprises

The primary decision maker of 47% of SMEs is between 50 and 64 years old.
Source: 2020 Survey on Financing and Growth of Small and Medium Enterprises

16.8% of SMEs were majority-women owned in 2020.
Source: 2020 Survey on Financing and Growth of Small and Medium Enterprises

25% of SMEs are operated by individuals with a bachelor's degree, while 15% are operated by individuals with a master's degree or above.
Source: 2020 Survey on Financing and Growth of Small and Medium Enterprises

28% of SMEs innovated between 2018 and 2020.
Source: 2020 Survey on Financing and Growth of Small and Medium Enterprises

16% of SMEs held intellectual property in 2020.
Source: 2020 Survey on Financing and Growth of Small and Medium Enterprises

82% of SMEs requested external financing in 2020.
Source: 2020 Survey on Financing and Growth of Small and Medium Enterprises

92% of the amount of debt financing requested by SMEs was authorized.
Source: 2020 Survey on Financing and Growth of Small and Medium Enterprises

2% of SMEs imported services from outside Canada.
Source: 2020 Survey on Financing and Growth of Small and Medium Enterprises

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