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Government of Canada, Business Development Bank of Canada
Get financing and advisory support to modernize your forestry business
Helps forestry manufacturers get advice and financing to modernize their operations and invest in new technologies. Covers up to $25 million for projects that improve productivity and competitiveness.
Financing at a preferred rate with flexible repayment terms of up to 12 years (144 months) and initial interest-only phases. Includes tailored consulting services to build a structured roadmap. Supports strategic transformation projects such as investments in advanced technology, automation, AI adoption, equipment acquisition, partnerships, and mergers/acquisitions, aimed at improving productivity, competitiveness, or market diversification.
Business Size: medium, large
Industries: forestry manufacturing, sawmills, remanufacturing facilities, pulp and paper mills, finished wood product manufacturers
Region: Canada
Revenue Range: From $1M
Other Criteria: Headquartered and operating in Canada, Sufficient cash flow to cover obligations (including loan payments and fixed costs) before 2025 (exception for sawmills), Must demonstrate direct or indirect negative material impact on operations and profitability due to U.S. tariffs or related uncertainties or current economic downturn, Business must have been viable before the implementation of tariffs (exception for sawmills), A structured transformation plan with projected investments, costs, and expected gains is required, Loan must be strictly used to implement a transformation project, Finished wood products manufacturers must show at least 15% of revenue is subject to U.S. tariffs, with tariffs representing at least 5% of total revenue, Sawmills must be subject to (or potentially exposed to) U.S. softwood lumber duties, For other sub-sectors (remanufacturing, pulp & paper): eligibility based on financial impact, such as a minimum annual revenue decline of 20% or a reduction in annual Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of 15%
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Government of Canada, Business Development Bank of Canada
Loan to buy an existing business
This program is available to medium, large businesses in forestry manufacturing, sawmills, remanufacturing facilities industries located in Canada.
This program offers funding up to $25,000,000 (minimum $1,000,000).
The application deadline is December 31, 2026.
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