Program Oveview
The Forestry Equipment and Working Capital Loan Fund addresses the unique financing needs of Maryland’s forest products-related businesses for working capital and equipment purchases.
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. Because of this limitation, please contact the MARBIDCO office for guidance prior to completing an application.
Loan Terms
$15,000
Minimum loan
$150,000
Maximum loan
6.25%
Minimum fixed rate
5–10%
Typical equity
Loan Terms and Conditions
Interest Rate
Established case-by-case basis based on anticipated credit risk. Minimum rate: 6.25% fixed.
Fee and Equity
Origination fee: 1% of loan amount. Typical equity requirement: 5–10% of project cost.
Lender Participation
Required. A commercial lender must provide a referral letter and complete the attachment describing current loan obligations.
Application Submission Process
Originate application
All applications must be originated by the applicant. Business professionals may assist.
Submit application
Send to:
MARBIDCO Forestry Loan Program, 1410 Forest Drive, Suite 21, Annapolis, MD 21403, or bcadden@marbidco.org.
Processing
Applications are processed as received.
Equity Incentive Program
The Upper Shore Regional Council and MARBIDCO offer a 5% equity contribution toward eligible loans for farmers in Cecil, Kent, and Queen Anne's counties.