About Us
Forest & Marine Financial Group was established in 1983 as Forest & Marine Financial Corporation, with a capital base of $360,000. Our purpose was to develop a company which could provide a variety of financial services tailored to meet the needs of the British Columbia's forest and marine industries, and in particular, the many West Coast logging and road building contractors. A severe recession in the early 1980’s and resulting weak contractor balance sheets, made bank funding more difficult to access. In addition, revisions to the bank act in 1981 saw the disappearance of most commercial finance companies as they were acquired by banks, or converted into banks themselves. Forest & Marine was one of the first non-banks to emerge to provide a replacement vehicle for the fast-disappearing asset-based financing at that time.
Since 1993 Forest & Marine has operated as a limited partnership with a permanent capital base in excess of $20 million and continues to provide borrowing and investment facilities customized to meet the needs of companies and individuals involved in and associated with the West Coast forest & marine industries.
Long range growth potential is excellent. With over twenty five years association with British Columbia's coastal forest industry and related businesses and a strong relationship with the B.C. Truck Loggers Association, we have access to a very large market. Our experience and understanding of the industry allows us to provide more flexible financing terms that take into account the many variables that can temporarily affect the cash flows of otherwise sound businesses. We also anticipate growth into non-forestry sectors as well, using our understanding of asset values to provide flexible terms not available elsewhere.
