Author Description

In the following analysis, HGSMEs • found in all sectors of the Canadian economy, but were are compared with the profile and financing of all Other more concentrated in the manufacturing sector, professional SMEs that did not have cumulative sales growth of services and knowledge-based industries; and more than 50 percent over three years. [...] Chartered banks played a central role in the financing of HGSMEs, receiving 67 percent of requests for debt HGSMEs Financing Activity financing compared with 23 percent received by credit • HGSMEs use a broad range of financing instruments unions and caisses populaires. [...] Table 2 Despite this difference, HGSMEs saw lower levels Financing Request and Approval Rates in 2001 of approval in 2001, with 90 percent and 96 percent High-Growth Other SMEs SMEs approval rates for HGSMEs and all other SMEs Type of Financing Rate (%) respectively. [...] While Table 3 informal investors (friends, relatives and employees) Distribution of Owners' Equity Among Privately Owned SME Corporations in 2000 represented a small proportion (4 percent) of equity HGSMEs Other SMEs financing of incorporated HGSMEs, venture capitalists Investors % and other external investors supplied 34 percent of Internal investors the total equity of incorporated HGSMEs (compa [...] However, a significant portion of HGSMEs (38 percent) faced much longer delays, waiting SME Financing Data Initiative 7 SUMMARY AND DISCUSSION Of all HGSMEs that requested debt in 2001 HGSMEs were identified as key contributors to job • 38 percent requested a new term loan, 27 percent creation in Canada, despite accounting for a small requested a new line of credit and 10 percent proportion of the.