Rural Business Equipment and Working Capital Fund Loan (RBEWCL)
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: $75,000
Loan Terms: Equipment - 3 to 7 years; Operating Line - 1 to 2 years
Interest Rate: 5% (APR)
Loan Origination Fee: 1% (paid at closing to MARBIDCO)
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