Maryland Agricultural & Resource-Based Industry Development Corporation
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Rural Business Equipment and Working Capital Fund Loan (RBEWC)

To apply, see the Applications page.


The RBEWC Loan Fund offers moderate-cost loans to Ag/RBI-industry firms and producers for working capital and equipment purchases. For this program, MARBIDCO will work jointly with another participating public sector lender agency to fund a food/fiber production or processing project that involves one (or more) Maryland resource-based businesses. (Note: public sector agencies can include: the USDA-Farm Service Agency, a county or regional revolving loan fund, a Small, Minority and Women-Owned Business Account/Video Lottery Terminal fund manager, etc.) 

Public Sector Lender Matching Funds Participation: Required
Commercial Lender Participation: A Simple Referral Required
Maximum Loan Amount: $75,000 (and the minimum is $10,000)
Loan Terms: Equipment - 3 to 7 years; Operating Line - 1 to 2 years
Interest Rate: 5.75%
Loan Origination Fee: 1% of Loan (plus closing costs, paid at closing to MARBIDCO)

 

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MARBIDCO Loan Programs

Maryland Resource-Based Industry Financing Fund Loan (MRBIFF)

Maryland Vineyard Planting Loan Fund (MVPLF)

Rural Business Equipment and Working Capital Fund Loan (RBEWC)

Forestry Equipment and Working Capital Loan Fund (FEWCL)

Rural Business Energy Efficiency Improvement Loan Fund (RBEEIL)

Maryland Shellfish Aquaculture Loan Fund (MSAL)

Maryland Remote Setting Shellfish Aquaculture Loan Fund (MRSA)


Business Planning Template

 

 

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