The Colorado State Forest Service (CSFS) has provided the first wildfire risk mitigation loan under a new partnership with the San Luis Valley Development Resources Group (SLVDRG) Business Loan Fund. With help from the Northwest Loan Fund, Marshall Forestry Solutions received this specialized loan that will be used for equipment to help maintain Colorado’s forests.
Steamboat Springs-based Marshall Forestry Solutions was established in 2016. The company works on forest management and fire hazard mitigation projects throughout Colorado.
“We strive to create fire-resistant community landscapes while maximizing the use of forest products,” said Jacob Marshall, founder and owner of Marshall Forestry Solutions.
“Our financing and lending expertise, combined with CSFS’s forestry work and our community of wood products companies, is helping to reduce the frequency and severity of wildfires across the state. resulting in more profitable and successful forest fire mitigation and wood products businesses,” said Marc Bellantoni. , business credit fund manager at SLVDRG.
“The Wildfire Risk Mitigation Loan Fund provides financing to wildfire mitigation contractors and forest products companies to invest in new equipment and working capital to meet Colorado’s growing wildfire challenge. It is administered in partnership with the SLVDRG and other lenders like the Northwest Loan Fund,” said CSFS wood products specialist Tim Reader.
The Forest Fire Risk Mitigation Loan Program, administered by the CSFS, is accessible all year round to eligible companies. To receive funding through this loan fund, a business must be engaged in harvesting or manufacturing wood products from woody biomass removed from forest management and wildfire mitigation activities on public or private land. Existing and start-up businesses that have difficulty qualifying or accessing capital are encouraged to apply.
“Marshall Forestry’s funding will help them acquire and operate equipment to remove and more efficiently use trees on public and private lands in Northwest Colorado,” said Anita Cameron, director of the Northwest Loan Fund.