Updated: Aug 29, 2020
Small and medium-sized enterprises (SMEs) are significant drivers of economic growth and employment within Canada's economy, accounting for 99.8 percent of all businesses and 90.2 percent of privately employed individuals. SMEs are also key drivers of job creation, accounting for 95.5 percent of all private jobs created from 2005 to 2015. On average, small businesses created about 100,000 net jobs each year over that period.
One of the most significant determinants of commercial success is access to sufficient and appropriate financing. The Canada Small Business Financing Program (CSBFP) facilitates access to affordable financing for SMEs to establish, expand, modernize and improve their businesses, which ultimately stimulates economic growth and creates jobs for Canadians.
For more information; visit website http://www.ic.gc.ca/eic/site/061.nsf/eng/h_03004.html