Financing Canadian Startups
Filed in archive Startup by Greg Balanko-Dickson on July 28, 2006

For example, research shows that 49% of the small- and medium-sized businesses in Canada rely on banks and other financial institutions to provide them with business debt financing (whether for start-up, expansion or ongoing funding). Other sources of financing include:
- retained earnings (31%)
- supplier credit (39%)
- personal savings (35%)
- personal lines of credit (37%)
- personal credit cards (33%)
- leasing (16%)
- personal loans (14%)
- business credit cards (26%)
- government lending agencies/grants (7%)
- loans from employees, friends and relatives (10%)
- non-related private loans (5%)
- public equity (2%)
- venture capital (2%)*
- * Angel Investment = 4% according to Statistics Canada Survey 2000. Venture Capital = 1% according to Statistics Canada, Survey of Suppliers of business financing
, 2002.
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