Forestry Contractors Financing Program


The Nova Scotia government is making short-term repayable financing available to forestry contractors affected by the pending closure of the Northern Pulp mill. The program is intended to assist eligible forestry contractors with payments on their equipment loans on a short-term basis.

Qualifying contractors are able to access financing in the form of a government-guaranteed line of credit, up to a maximum of $180,000. The program is available through CUA and other organizations across the province who currently offer the Nova Scotia Small Business Loan Guarantee program.

Eligibility

Contractors eligible for the Program include those who have been engaged in commercial forestry harvesting and trucking in Nova Scotia during the past 12 months and have external financing arrangements in place for at least one of the following classes of commercial forestry harvesting and trucking equipment:

  • feller buncher
  • harvester
  • processor
  • forwarder
  • skidder
  • round wood truck
  • chip or hog fuel truck

Availability

The program will be available for applications at participating credit unions until June 30, 2020.

For More Information

Contact Us

Thank you for your interest in CUA. If you would like a member of the CUA team to contact you regarding the Forestry Contractors Financing Program, please complete the form below and we'll reach out to you shortly.

 

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