For Veterans
MARBIDCO helps Maryland's farm, forest, and seafood businesses achieve sustainable viability and profitability through targeted financial services.
One of our objectives is to foster emerging industries and assist veterans interested in farming with their business ventures. For applicants who have served or currently serve in the United States Military we offer a Home Town Hero interest rate reduction for out Rural Business Loan Programs.
For most MARBIDCO programs, practical farm and/or business experience is required (and may be supplemented by academic or hands-on training experience). Both our loan and grant programs require business plans and borrower financial information to be submitted.
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In delivering our financing programs, we work cooperatively with commercial banks, Farm Credit Associations, and the USDA Farm Service Agency (FSA), as well as other federal, State and local government agencies and universities. Please contact us to find out which programs may be right for your business.
Our rural business loan programs offer a Home Town Hero interest rate reduction for applicants who have served or currently serve in the United States Military. For more information, click here. To learn more about the loans that offer this reduction, view our programs below.
Rural Business Loan Programs
Maryland Resource-Based Industry Financing Fund (MRBIFF)
Low-interest loans to Ag/RBI-industry enterprises for the purchase of land and capital equipment for production and processing activities (including building construction). Maximum loan amount is $300,000 for acquisition of equipment and fixed assets, $600,000 for real estate purchases; and $900,000 for large-scale food/fiber processing projects. Learn more
Maryland Vineyard/Hopyard/Orchrard Planting Loan Fund
Low-interest loans to help meet the unique financing needs of Maryland's landowners wanting to plant fruit-bearing vines and trees. Maximum loan amount is $100,000 and an interest-only option is available for a period of two to three years. The purchase of tractors, pick-up trucks, and wine- or beer-making equipment are not eligible for financing under this particular program. Learn more
Agri-Business Equipment and Working Capital Loan Fund
The program helps address the unique financing needs of Maryland's agri-businesses that are not otherwise able to obtain commercial financing for working capital and equipment purchases from traditional commercial lenders such as banks or farm credit associations. The matching participation of a local or regional revolving loan program is required Maximum loan is $100,000. Learn more
Forestry Equipment and Working Capital Loan Fund
Loans for Maryland forest product businesses with respect to working capital equipment purchases. Maximum loan amount is $150,000. Learn more