Program is designed to finance projects which implement value-added production processes. Financial assistance is available to eligible forest products firms in the State of Washington. A contract packager works with the applicant to assemble the application materials including financials, business plans, and credit analysis. Loan processing of approved applications is completed by program staff. After closing, loan payments are made through a contract loan servicer.
Loans are available to meet most financing needs.
Working capital loans may also qualify. Loan applicants must meet credit criteria to be eligible for financing. The applicant must have a satisfactory credit and personal history and a reasonable amount of equity in the business. The business must show adequate repayment ability. The applicant must be willing to pledge available collateral.