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.
|