MARBIDCO works closely with commercial lenders, cooperative extension agents, local economic development officers, and other rural business service providers to make financial and business planning services available to those who need them.
Enhancing Finance Opportunities for Farm and Rural-Based Industry Businesses
For Commercial Lenders
MARBIDCO offers below-market-rate “gap” financing to help reduce borrower costs and improve the underwriting debt service coverage ratio.
MARBIDCO will also take the junior collateral lien position, behind the commercial lender.
MARBIDCO’s goal is to “graduate” its borrowers to conventional commercial financing over a period of several years.
About MARBIDCO
We work with commercial lenders, such as Farm Credit Associations and commercial banks, and public institutions, such as the USDA Rural Development and Farm Service Agency (FSA), to help farmers and resource-based businesses find financing opportunities.
Our most popular program, the Maryland Resource-Based Industry Financing Fund (“MRBIFF"), provides low-cost loans to applicants, working in partnership with commercial banks and Farm Credit lenders. There are currently two options available. (See below links.)
Through the MRBIFF program, MARBIDCO has helped many agricultural enterprises diversify or expand their operations, and assisted young and beginning farmers buy their first farms.
If you are a Farm Credit loan officer seeking more information about the MRBIFF Loan Participation program, please reach out to Brian Cadden at bcadden@marbidco.org, info@marbidco.org or call (410) 267-6807.
Working with MARBIDCO
MARBIDCO’s loan programs typically require some form of public or commercial lender participation. Please explore our loan and grant programs and contact us to find out how we work together and assist in financing agricultural and resource-based industry business ventures. Information: (410) 267-6807