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Financial Products

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

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.

Eligibility Criteria
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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 :