Loans & Rural Business Assistance Programs
The MARBIDCO Board of Directors have approved the offering of several targeted
low-interest loan and grant programs that
are designed to take full advantage of the Corporation's nimble and strategic
capability to leverage affordable rural business financing, assist with
alternative or value-added enterprise development, and support the next
generation of producers. Because the demand for assistance is expected to
exceed available funding in the early years, the Corporation plans
to focus its modest resources on assisting "innovative" business enterprises
and start-up operations which tend to have a level of risk exposure that
commercial lenders find unacceptable without third-party participation or
mitigation. This is where the MARBIDCO programs can be of tangible benefit
to rural entrepreneurs and commercial lenders alike.
Examples of innovative business activities and enterprises include on-farm and
value-added food processing, niche product development and marketing, smaller
scale secondary wood products manufacturing, and business-related technology
enhancements (especially those related to energy efficiency). The Corporation's
aim is to help agricultural and resource-based businesses to innovate, diversify
and exploit emerging market opportunities in food and fiber production and in
rural tourism and recreation.
MARBIDCO rural business development and
financing programs that are underway are
listed at the right.
All requests for loans and business planning assistance will be made on a
competitive basis. A Loan Review Committee
made up of individuals with experience in agricultural lending, rural
development, and agriculture and resource-based business will make the
approval decisions based on factors that will include the economic
development significance of the innovative enterprise to be financed,
the potential economic viability of the enterprise relative to the resources
that are available.
Back to Top
|
Rural Business Assistance Programs
LOANS
Maryland Resource-Based Industry Financing Fund Loan (MRBIFF)
Maryland Vineyard Planting Loan Fund (MVPLF)
Rural Business Equipment and Working Capital Fund Loan (RBEWC)
Forestry Equipment and Working Capital Loan Fund (FEWCL)
Rural Business Energy Efficiency Improvement Loan Fund (RBEEIL)
Maryland Shellfish Aquaculture Loan Fund (MSAL)
GRANTS
Local Government Ag/RBI Project Cost Share Program (LGCS)
The Maryland Value Added Producer Grant Program (MVAPG)
The Maryland Value Added Producer Grant - Capital Assets Option Program (MVAPG-CAO)
Business Planning Guide Template
|