Qualified Participants

Qualified Participants. Small Business/Existing Forestry Industry Loans may be made to the following participants: A. Small Businesses: commercial enterprises with less than: (i) 100 full time employees; (ii) Seven Million dollars in gross revenues; or (iii) Seven hundred fifty thousand dollars in profit after taxes. B. Existing Forestry Industry Enterprises: manufacturing enterprises with its principle place of business in the state that: (i) Have been operational in the state for a minimum of three years; (ii) Perform the initial processing of logs for the production of lumber, poles, or timber; and (iii) Has maintained an average of at least fifteen employees within the past thirty- six months of application. (iv) Exception: Does not include enterprises with the primary business of producing chips, or pulp manufacturer and/or paper manufacturer. (v) Has employed an average of not less than fifteen (15) full time employees based on the most recent thirty-six-month period.