Vermont Announces Business Loan Program
A new loan program from the Vermont Economic Development Authority (VEDA) is now available to support businesses in the state’s forest economy. Three million dollars in total financing can be provided in the form of loans up to $500,000 with subsidized interest rates for loggers, foresters, log haulers, biomass producers, sawmills, firewood producers and wood product manufacturers, for working capital, equipment and refinancing.
According to the Vermont Forest Futures Strategic Roadmap, the forest-based economy in the Green Mountain State accounts for about $2.1 billion annually and more than 13,800 jobs.
Loan proceeds must be used for projects located in Vermont and use forest products at least partially produced in Vermont. Loans can also be used to pay operating expenses; support seasonal working capital needs; and refinance existing debt at more affordable rates and/or terms.
Latest News
Why Northwest Mills Want China To Buy Lumber Instead Of Logs
Mark Elston followed his father into the timber industry back when business was booming. “When I started, you could really mess things up and still make good money,” he said. “You can’t do that anymore.”…
Oregon’s Hull-Oakes Lumber Company Embraces Niche
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); With one foot in the past and one in the future, Hull-Oakes Lumber Co. took a big step last year. A timber-milling outfit famous for having one of the last steam-powered…
Canfor Corp. To Sell Quebec Sawmill For $25 Million
Canfor Corp. says it has an agreement to sell the Daaquam sawmill in Saint-Just-de-Bretenières, Que., in a deal worth $25 million. The deal with Groupe Lebel Inc. and others is expected to close by the…
Paint Your Wagon And Come Along
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Article by Rich Donnell, Editor-in-Chief, Timber Processing March 2014 Sometimes we use this space simply to pat ourselves on the back for what we put into the current issue of the…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.