Forestry Equipment and Working Capital Loan (FEWCL)
To apply, see the Applications page.
The FEWCL offers low-interest 3.5% APR - not to exceed 10% loans to Maryland's forest products businesses with respect to working capital and equipment purchases. The maximum loan amount is $150,000. A letter of referral from a commerical lender is required Because of the highly leveraged nature of many forest products industry businesses, MARBIDCO's maximum outstanding aggregate portfolio balance under this loan program cannot exceed a total of $400,000 in Fiscal Year. In a special effort to better serve the forest products industry in Maryland, MARBIDCO will utilize slightly more liberal underwriting guidelines than normal for making loans under this program (including the utilization of a minimum cash flow coverage ratio of 1.0/1.0, as well as partially relaxed collateral security requirements, where appropriate).
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