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Appendix B: Profile of the Student Business Loans Program


Student Business Loans Program

Exhibit B1
Demographic, Social and Program Characteristics of Participants
in Student Business Loans Program
Type of Participant Individual student 95%

 

Group of students1 5%

 

(N)** = (1172)

 

 

 

 

Gender Female 29%

 

Male 71%

 

Both2 *

 

(N)** = (1172)

 

 

 

 

Age 14 to 15 10%

 

16 to 17 29%

 

18 to 19 21%

 

20 to 24 30%

 

25 to 29 5%

 

30 or more 5%

 

(N)** = (1172)

 

 

 

 

Education Level High school 37%

 

CEGEP 4%

 

College 19%

 

University 40%

 

(N)** = (1167)

 

 

 

 

Province3 Newfoundland 4%

 

Quebec 15%

 

Manitoba 13%

 

Saskatchewan 33%

 

Alberta 23%

 

British Columbia 11%

 

Northwest Territories *

 

(N)** = (1171)

 

 

 

 

Dollar Amount Authorized Less than $1000 2%

 

$1000 to $1999 7%

 

$2000 to $2999 7%

 

$3000 84%

 

(N)** = (1172)

 

 

 

 

Case Counseling Received Yes 50%

 

No 50%

 

(N)** = (1172)

 

 

 

 

Participated in Seminar Yes 8%

 

No 92%

 

(N)** = (1172)

 

In all tables throughout report,
* indicates less than 1%.
** = the number of respondents
1
Includes cases where groups of students who were not all the same gender received funding.
2
These cases are included in the general analysis that follows. The database contains a single value for age, education level and other variables, with the exception of gender. In all cases but two (representing 4% of all groups of individuals funded), the groups of individuals receiving funding were all of the same gender. 75% involved groups of male students, with the remaining 21% being groups of women.
3
Excludes one participant whose province is Ontario as that province did not participate in the program.

Types of Businesses Started under the Student Business Loans Program

As Exhibit B2 shows, in Manitoba and Saskatchewan, the majority of businesses started are in the agricultural industries. Alberta also has a high proportion of businesses started in the agricultural industries and in service industries incidental to agriculture.

Exhibit B2
Standard and Industrial Classification of Businesses by Province

 

Nfld. Que. Man. Sask. Alta. B.C. TOTAL

Agricultural industries

2% 2% 59% 87% 38% 7% 46%

Service ind. incidental to agriculture

0% 0% 1% 1% 10% 1% 3%

Trade contracting industries

4% 34% 13% 4% 18% 24% 15%

Business service industries

6% 11% 3% 1% 5% 18% 6%

Food service industries

20% 2% 4% 1% 3% 5% 3%

Services to buildings and dwellings

8% 7% 7% 2% 7% 8% 5%

Other

60% 45% 14% 5% 20% 37% 22%

Total

100% 100% 100% 100% 100% 100% 100%

(Number of respondents)

(50) (181) (151) (381) (272) (132) (1171)

1 The Northwest Territories are excluded as they only had 4 participants (all 4 businesses are in the "other" category).

Employees Hired by the Student Businesses

Seventy-four percent of businesses have one employee (presumably the student). Another 5% have more than one employee, but also had more than one student as part of the funding. The breakdown for the number of employees is shown in Exhibit B3.

Exhibit B3
Number of Employees

1 (the student) or multiple cases1 79%
2 6%
3 to 5 5%
6 to 9 7%
10 or more 3%
Total 100%
(Number of respondents) (1172)

1 Includes cases where the participant is a group of students.

Several factors contribute to whether or not student businesses have employees:

  • Those age 20 or older are much more likely to have employees than those under age 20, with the 25-to-29 year-olds being the most likely to have employees (48% have at least two employees).

  • Consequently, college and university students are also much more likely to have employees (40% of each do). Twenty-nine percent of college students have employees and 7% of high school students do.

  • Those who received $3000 are slightly more likely to have employees than those who received less.

  • Students in Quebec (54%), British Columbia (50%) and Newfoundland (36%) are the most likely to have employees.

  • Women are 10% less likely than men to have employees.

Program Supports

Some students who received funding from the program also received case counseling (project related training provided by the Business Development Bank of Canada) and/or took part in seminars through the program. As Exhibits B4 and B5 show, these supports were used to different extents in different provinces.

Exhibit B4
Received Case Counselling as Part of Program Participation by Province1

  Nfld. Que. Man. Sask. Alta. B.C. Total

Yes

38% 49% 19% 48% 27% 76% 50%

No

60% 51% 82% 52% 73% 24% 50%

 

 

 

 

 

 

 

 

Total

100% 100% 100% 100% 100% 100% 100%

(Number of respondents)

(50) (181) (151) (381) (272) (132) (1171)

1 The Northwest Territories are excluded as they only had four participants (none of these received case counselling).

British Columbia used case counseling much more than any other province, with 76% of participants having received counseling. It was used the least in Manitoba, where 17% received counseling.

Exhibit B5
Participated in Seminar as Part of Program Involvement by Province1

  Nfld. Que. Man. Sask. Alta. B.C. Total

Yes

2% 14% 0% 0% 22% 6% 8%

No

98% 86% 100% 100% 78% 94% 92%

 

 

 

 

 

 

 

 

Total

100% 100% 100% 100% 100% 100% 100%

(Number of respondents)

(50) (181) (151) (381) (272) (132) (1171)

1 The Northwest Territories are excluded as they only had four participants (none of these participated in a seminar).

Participants in Alberta are the most likely to have participated in a seminar (22% did) followed by Quebec (14%). In Manitoba and Saskatchewan, no participants went to a seminar.

Province is the overriding factor related to participation in case counselling and attendance at seminars. Any other relationships are a function of the one with province.


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