Working Capital Loan.

The Working Capital Loan is a new pilot program offered by the Timber Loan Board designed to aid forestry contractors bridge the gap between harvesting timber and getting it to the mill. This loan product provides working capital for contractors who require cash flow support as a result of excess supply.

Financing

Contractors can borrow up to $50,000 at a competitive interest rate. Loans are repayable within one year. Security may include some combination of inventory, equipment and personal or corporate guarantees. Copies of sales agreements between the landowner(s), contractor and mill are required. Loans are subject to other loan eligibility requirements and verification of harvesting activities.