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Government of Canada, Business Development Bank of Canada
Access the liquidity you need to strengthen your operations
Helps Canadian softwood lumber mills and remanufacturers access loans and credit to improve cash flow. Provides guarantees to financial institutions to support these loans.
Provides access to term loans and letters of credit from financial institutions, backed by a BDC guarantee, to strengthen liquidity, preserve cash flow, and support operational needs for Canadian softwood lumber businesses affected by economic challenges and US duties. Loans are intended for operational cash-flow needs, including debt/lease payments.
Business Size: medium, large
Industries: softwood lumber mills, softwood lumber remanufacturing mills
Region: Canada
Revenue Range: From $1M
Other Criteria: Principal business is subject to US softwood lumber duties or would be if they exported to the US (for softwood lumber mills), Principal business is the exportation of softwood lumber products to the US and is subject to US softwood lumber duties (for remanufacturing mills), Must apply through a primary Canadian regulated deposit-taking financial institution, Primary financial institution holds a first-ranking security interest in the company’s moveable assets, Business must have been viable before the implementation of tariffs (exception for Sawmills), Must demonstrate financial pressure (cash-flow challenges, revenue or EBITDA decline) or tariff exposure
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Government of Canada, Business Development Bank of Canada
Working capital loan
This program is available to medium, large businesses in softwood lumber mills, softwood lumber remanufacturing mills industries located in Canada.
This program offers funding up to $50,000,000 (minimum $500,000).
The application deadline is December 31, 2026.
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