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Timber Production Expansion Guaranteed Loans

Rolling until funds exhausted

Until Funds Exhausted Ongoing
Total Funding
$200,000,000
Maximum Award
$25,000,000
Overview

The Timber Production and Expansion Guaranteed Loan Program (TPEP) provides financial support to qualified lenders whose loan applicants want to establish, reopen, expand, or improve a sawmill or other wood processing facility that processes ecosystem restoration byproducts from USDA Forest Service National Forest System lands, along with Indian forest and rangelands.

Funder

U.S. Department of Agriculture

Program

Timber Production Expansion Guaranteed Loan Program (TPEP)

Applications Due

Rolling until funds exhausted

Total Funding

$200 million available beginning in FY 2025

Funding Source

Federal

Maximum Award

$25,000,000

Award Details

Up to $25 million

Eligibility

Eligible individuals, organizations, federally recognized Tribes, or businesses engaged – or proposing to engage – in establishing, reopening, retrofitting, expanding, or improving sawmills or other wood processing facilities.

Eligible Activities

Guaranteed loan funds can be used to establish, reopen, expand, or improve a sawmill or other wood processing facility that uses ecosystem restoration byproducts from USDA Forest Service National Forest System lands, along with Indian forest and rangelands.

Notable Requirements

TPEP projects must meet the following geographic eligibility requirements:

  • Must initially use ecosystem restoration byproducts from federal or Tribal lands considered high- or very-high priority for ecological restoration involving vegetation removal
  • Proposed or already established wood processing facility must be located within 250 miles of the designated high- or very-high priority area from which you will draw your byproducts
  • Must source a significant amount of raw material from federal or Tribal lands

Preferences

High- and very-high priority-designated lands can be found using the TPEP Priority Areas dashboard. The identified areas focus on three priorities:

  • Forest stocking levels (which measure the relative density of a stand of trees and determine how well the stand is using available growth space)
  • Wildfire hazard potential
  • Percentage of treed areas at risk for insects and diseases

How to Apply

Applicants must work with a qualified lender to develop and submit a guaranteed loan application. Lenders can find additional information regarding underwriting and loan terms here. For questions, please reach out to TPEP@usda.gov.

Economic DevelopmentEcosystem RestorationForest Management

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