Rural Business Working Capital Fund Loans (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)
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Business Assistance Programs
Business Assistance Programs - Overview
Maryland Resource-Based Industry Financing Fund (MRBIFL)
Rural Business Energy Efficiency Loan Program(RBEEL)
Rural Business Working Capital Fund (RBWCL)
The Maryland Farm and Producer Viability Program (MFPVP)
2007 Farm Drought and Weather Event Recovery Assistance Loan Fund |