Maryland Agricultural & Resource-Based Industry Development Corporation

Rural Business Energy Efficiency Improvement Loan Fund (RBEEIL)

To apply, see the Applications page.

RBEEIF offers low-interest (4%) "micro" loans for energy efficiency projects undertaken by food and fiber producers and processors implementing the recommendations of a third-party energy auditor.  The minimum loan amount is $2,500 and the maximum loan amount is $30,000.  Loan advances may not exceed the cost of actually making the improvements minus any grant incentive funding received for a project.  A credit score of at least 650 is required with no bankruptcies filed within the last seven years.  Loans made under this program are unsecured and only the personal guarantees of the borrowers and/or businesses would be required.  Loans will be fully amortized with terms not exceeding the anticipated savings payback period with at least 1.0 - 1.0 ratio on the annual energy savings payback. A letter of referral from a commercial lender is required. A copy of an energy audit or an ag energy management plan report (or an energy savings confirmation letter) provided by a qualified third-party energy consultant is required to be submitted with the application.

Commercial Lender Participation: A commercial lender must participate in the application process by providing a letter of referral.
Minimum/Maximum Loan Amount: $2,500 to $30,000
Grant Incentive: 10% of the loan amount.
Loan Terms: Loans will be fully amortized with terms not exceeding the anticipated savings payback period. Loan amortizations will be set between two and seven years, and loan payment amounts will substantially correlate to the estimated energy savings payback.
MARBIDCO Interest Rate: 4% APR (fixed rate)
Loan Origination Fee: $75 (paid at closing to MARBIDCO)


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MARBIDCO Loan Programs


Maryland Resource-Based Industry Financing Fund Loan (MRBIFF)

Maryland Vineyard Planting Loan Fund (MVPLF)

Rural Business Equipment and Working Capital Fund Loan (RBEWCL)

Forestry Equipment and Working Capital Loan Fund (FEWCL)

Rural Business Energy Efficiency Improvement Loan Fund (RBEEIL)

Maryland Shellfish Aquaculture Loan Fund (MSAL)

Maryland Remote Setting Shellfish Aquaculture Loan Fund (MRSA)

Do you need an Ag Energy Management Plan done?
Click Here for Details

Environmental Quality Incentives Program funding is available through the USDA Natural Resources Conservation Service for farm energy audits and equipment upgrades.
Click Here the 2012 Deadline information

Business Planning Template



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