Maryland Large Animal Veterinarian Assistance Loan Program

The Maryland Large Animal Veterinarian Assistance Loan Program can help you obtain commercial financing to purchase a truck and/or specialized equipment to provide large-animal veterinary care services.

A young woman kneels on straw-covered ground, holding a sheep's hoof while another person pets its head. The sheep, wearing a colorful halter, stands between them. In the background, another sheep oversees the scene.

Maryland Large Animal Veterinarian Assistance Loan Program

APPLICATION

Overview

Attention licensed big animal veterinarians! MARBIDCO has a program to help you start or expand your business.

The Maryland Large Animal Veterinarian Assistance Loan Program was established by MARBIDCO to help attract and/or retain large animal veterinarians in Maryland.

We have loans for veterinarians. Applicants can apply for loans between $25,000 and $100,000, with an interest rate of 4.00%, to purchase a truck or other specialized equipment necessary for providing large animal veterinary care services in Maryland.

Eligibility:

  • Have a license to practice veterinary medicine in Maryland issued no earlier than January 2004;

  • Have clinical experience providing veterinarian care to large animals (e.g., cattle, horses, hogs, sheep, or goats);

  • Reside in Maryland on the date that the loan is settled; and

  • Agree to have a majority of their large animal practice in Maryland during the term of their loan.

  • Agree to pay for at least 10% of the costs of any items being purchased with MARBIDCO loan proceeds.

Loan Terms and Conditions

Minimum/Maximum Loan Amount: $25,000/$100,000

MARBIDCO Interest Rate: 4.00%

Collateral Valuation: The collateral security that is offered may not exceed 95% FMV.

(NOTE: During the loan underwriting process MARBIDCO will determine the valuation of the collateral that is pledged to secure the loan, including a first lien on a truck, etc., that is being purchased.)

Loan Terms:

  • For loans between $25,000 and $39,999 – 3.5 years

  • For loans between $40,000 and $59,999 – 4 years

  • For loans between $60,000 and $79.999 – 4.5 years

  • For loans between $$80,000 and $100,000 – 5 years

Loan Origination Fee: 0.25%                                     

Personal Guarantee: Required if the business entity is the borrower. Owners of business entities (e.g., an LLC) must also provide guarantees. (Note: The minimum eligible credit score is 620.)

Application Submission Process: All applications must be originated by the applicant. Applications are processed as they are received.

All loan applications open for downloading and appear on the screen behind the download box.

Send a completed and signed original application form, including all the required attachments, to: MARBIDCO Large Animal Veterinarian Loan, Attn: Brittany Rawlings, 1410 Forest Drive, Suite 21, Annapolis, MD 21403, or email to brawlings@marbidco.org

Photos: Middle and Below, Muddy Creek Veterinary Services. Above: USA Today
Muddy Creek Vet Service