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ESSOR – Forestry Companies

Is your company thinking about replacing its forestry equipment? Our solution can help you make your plans a reality.

This program is administered jointly by Investissement Québec, the Ministère de l’Économie et de l’Innovation and the Ministère des Forêts, de la Faune et des Parcs.

Forestry Businesses Component

 

ESSOR: For Growing Forestry Companies

ESSOR is designed for forestry companies that want to invest in new high-performance equipment.

 

Projects must target the acquisition or replacement of forestry equipment, including certain major components, to enhance the equipment’s performance and effectiveness.

Financing Details

  • A loan guarantee from Investissement Québec covering a loan of up to $1,000,000 from your lender
  • The loan guarantee can cover up to 80% of a net loss, for a maximum of $300,000 per company
  • A financing term of up to 10 years
  • Possible deferral of principal repayment

 

Special conditions may apply.

 

Your business is eligible if it is a for-profit company, cooperative or social economy enterprise with commercial activities whose forest management activities consist in:

 

  • harvesting wood (felling, hauling and sawing);
  • loading and transporting wood and unloading it at a plant;
  • carrying out silvicultural work such as site preparation or
    commercial thinning.

 

Non-eligible projects :

 

  • Replacing equipment in the course of regular maintenance
  • Equipment used to build logging roads

Learn more

Contact an Investissement Québec expert
at 1 844 IQINFOS (1 844 474-6367).

January 2017

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Contact your expert

André Williot

Client Service Officer

1 844 474-6367

Contact your expert

André Williot

Client Service Officer

1 844 474-6367