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Rural Business Working Capital Fund Loan (RBWCL)

To apply, see the applications page.

The RBWCL will offer low-interest loans to established Ag/RB-industry firms and producers for working capital and equipment purchases. This program is supported by MARBIDCO (utilizing state funds) and the U.S. Department of Agriculture - Rural Development. Some loans made under this program will use a combination of USDA-RD funds and MARBIDCO funds while others will use MARBDICO funds exclusively. Those loans utilizing USDA-RD resources must receive approval from the State USDA-RD office (MARBIDCO will help facilitate approval).

Commercial Lender Participation: Endorsement Required
Maximum Loan Amount: $50,000
Loan Terms: Equipment - 3 to 5 years; Operating Line - 1 to 2 years
Interest Rate: 5% (APR)
Loan Origination Fee: 0.5% (paid at closing to MARBIDCO)

MARBIDCO LoanPrograms

Maryland Resource-Based Industry Financing Fund (MRBIFF)

Rural Business Working Capital Fund (RBWCL)

 

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