This annual report provides an overview of the Canada Small Business Financing program and the Small Business Loans program, and presents statistics on their performance during the year, including loans made, job impact, firms using the program, and loans outstanding.

The CSBFA replaces the SBLA. It allows for funds to be loaned to small businesses to purchase or improve land, buildings or equipment. This report describes the program (changes from the SBLA to the CSBFA, the Crown's maximum liability to lenders, cost recovery, monitoring & forecasting), and performance (economic environment, loans outstanding & claims, borrowers by age of enterprise, employment expected). Finally, it provides a view of the future & statistical tables.

The purpose of the Canada Small Business Financing program is to increase the availability of financing for the establishment, expansion, modernization and improvement of eligible small businesses in Canada, thus promoting business confidence and encouraging productivity and innovation. This annual report contains an overview of the program, a performance review and a financial review (loans and claims distribution, revenues and cost recovery).

The purpose of the Canada Small Business Financing program is to increase the availability of financing for the establishment, expansion, modernization and improvement of eligible small businesses in Canada, thus promoting business confidence and encouraging productivity and innovation. This annual report contains an overview of the program, a performance review and a financial review (loans and claims distribution, revenues and cost recovery).

The purpose of the Canada Small Business Financing program is to increase the availability of financing for the establishment, expansion, modernization and improvement of eligible small businesses in Canada, thus promoting business confidence and encouraging productivity and innovation. This annual report contains an overview of the program, a performance review and a financial review (loans and claims distribution, revenues and cost recovery).

"In accordance with the approved Industry Canada 2012-2015 Multi-Year Risk-Based Audit Plan, the Audit and Evaluation Branch (AEB) undertook an audit of the Canada Small Business Financing Program. The purpose of the Program is to help small businesses obtain access to financing that would not otherwise be available or would only be available under less favourable terms. The Program partners with private sector lenders (financial institutions) across the country who make their financing available to small businesses that are eligible under the Program. By doing so, Industry Canada (IC) shares the risk of loan losses and thus is able to increase access to financing extended to small businesses. The statutory Program operates under the Canada Small Business Financing Act and Canada Small Business Financing Regulations, and was designed to increase the availability of financing for the establishment, expansion, modernization and improvement of small businesses. The Program is delivered within the Small Business, Tourism and Marketplace Services Sector, and its activities are directly linked to IC's Strategic Outcome that Canadian businesses and communities are competitive. Specifically, the Small Business Financing Directorate (within the Small Business Branch) is responsible for designing and administering the Program under the provisions of the Act and its Regulations"--Page 5.