For Commercial Lenders
Enhancing Finance Opportunities for Farm and Rural-Based Industry Businesses
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.
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 banks, and public institutions, such as the USDA Rural Development and Farm Service Agency (FSA), to help farmers and resource-based businesses to leverage 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.
Through the MRBIFF program, MARBIDCO has been able to help agricultural enterprises diversify or expand their operations and help many young and beginning farmers buy their first farms.
Working with MARBIDCO
MARBIDCO’s loan programs typically require some form of public or commercial lender participation. Please explore our various programs and contact us to find out how we can help assist in financing potential agricultural and resource-based industry business ventures.
Phone: (410) 267-6807