To apply, see the Applications page.

MRBIFF offers low-interest loans to established Ag/RB industry firms for the purchase of land and capital equipment for production and processing activities. Monies may also be used to help finance environmental or water-quality enhancement projects. Priority will be given to niche market-oriented and value-added projects as well as beginning or transitioning producers and processors. MARBIDCO will provide up to 50 percent of financing needed for a project under this program, and a commercial lender and/or another public financing instrumentality must also have an equal financial commitment in any transaction.

Commercial Lender Participation: Required (Lender facilitates the application process.)
Maximum Loan Amount: $200,000 for acquisition of equipment and fixed assets. $250,000 for real estate purchases, food/meat processing and bioenergy projects.
Loan Terms: Equipment - 5 to 7 years; Land - 10 to 30 years, not to exceed commercial lender.
MARBIDCO Interest Rate: 3% APR (Fixed rate for 3 years; higher rate thereafter.)
Loan Origination Fee: 0.5% (paid at closing to MARBIDCO)

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