Who We Serve

For Veterans

MARBIDCO offers U.S. military service members and veterans a Hometown Hero Interest Rate Reduction of 0.25%, or 25 basis points, for specific MARBIDCO loan programs.

For Veterans

Hometown Hero Interest Rate Reduction

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.

Loans that offer interest reductions

Maryland Resource-Based Industry Financing Fund (MRBIFF)
Maryland Vineyard/Hopyard/Orchard Planting Loan Fund
Agribusiness Equipment and Working Capital Loan Fund
Forestry Equipment and Working Capital Loan Fund
Maryland Large Animal Veterinarian Assistance Loan Program
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0.25%

Interest rate reduction

25

Basis points

50%

Veteran ownership minimum

50%

Veteran management control minimum

Eligibility Requirements

Experience

To be eligible, the applicant for a loan must meet the following requirements:

Maryland Vineyard/Hopyard/Orchard Planting Loan Fund
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Currently serving in any branch of the United States military (and must provide a letter of support from their commanding officer or designated representative attesting to their characterization of service.) Or

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Has served in any branch of the United States Military and received an ‘Honorable’ or ‘General (Under Honorable Conditions)’ characterization of service upon discharge from the military and can provide proof by submitting a Department of Defense Form DD-214. (Veterans with a characterization of service of ‘Other than Honorable’ may be eligible based on a more thorough review of their situation.) And

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Have at least a minimum of 50% veteran ownership and a minimum of 50% veteran management control in the agribusiness and farming operation.

Note: MARBIDCO must be notified at the time of the loan application about the intent to seek Hometown Hero interest rate reduction eligibility.

For information concerning the Farmer Veteran Coalition, please visit their website.

Partnerships

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.