Maryland Agricultural and Resource Based Industry Development Corporation MARBIDCO logo
[   Home  |  About Us  |   Business Assistance Programs  |   Rural Land Preservation Programs  |
Application Forms  |   Resources  |   Archives |   Directions ]

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)

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

© Copyright 2006. All rights reserved.