@article{Canada-U.S.:1498,
      recid = {1498},
      author = {Leung, Danny and Meh, Césaire and Terajima, Yaz},
      title = {Are There Canada-U.S. Differences in SME Financing?},
      publisher = {Bank of Canada},
      address = {2008},
      pages = {1 online resource (iii, 32 pages)},
      abstract = {Previous surveys of Canadian and U.S. business owners  suggest that access to financing in Canada may be more  problematic than in the United States. Using the 2003  Survey of Small Business Financing in the United States and  the 2004 Survey on Financing of Small and Medium  Enterprises in Canada, this paper examines whether this  perception can be better quantified. Compared to U.S. SMEs,  Canadian SMEs are found to have greater reliance on loans  from individuals (family, friends and others) and less  reliance on loans from financial institutions. This result  can be interpreted either as indicative of lower  availability of formal credit in Canada, or a lower need  for formal credit. Furthermore, while evidence validating  the perception that Canadian financial institutions are  less likely to approve loan application of risky SMEs  cannot be found, there is evidence that supports the notion  that Canadian financial institutions are following a more  uniform pricing policy than U.S. financial institutions.},
      url = {http://www.oar-rao.bank-banque-canada.ca/record/1498},
      doi = {https://doi.org/10.34989/swp-2008-41},
}