Biannual Survey of Suppliers of Business Financing (BSSBF)

Business credit instrument of enterprise, type

Business credit instrument refers to business loans made through operating instruments or term instruments. The operating instrument includes credit cards and lines credit; generally they have no fixed repayment schedule and are used for the day-to-day operations of a business. Term instruments includes term loans and mortgage loans and have a fixed repayment schedule, generally greater than one year in duration.

Enterprise refers to the highest level of the Business Register statistical hierarchy. In alignment with the System of National Accounts, it is defined as an institutional unit that directs and controls the allocation of resources relating to its operations, and for which financial statements are maintained from which international transactions, an international investment position and a financial position for the unit can be derived. Enterprises can be corporations, quasi-corporations, institutions, or unincorporated businesses such as sole proprietors or partnerships. For incorporated enterprises, financial statements can be consolidated.

The data for this variable are reported using the following classifications and/or lists:

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