Support to start or expand large animal veterinary services in Maryland
Attention licensed large animal veterinarians, MARBIDCO has a program to help you start or expand your business.
The program was established by MARBIDCO to help attract and/or retain large animal veterinarians in Maryland. Applicants can apply for loans to purchase a truck or other specialized equipment necessary for providing large animal veterinary care services in Maryland.
Eligibility
$25,000
Minimum loan
$100,000
Maximum loan
4.00%
Interest rate
0.25%
Origination fee
Loan Terms and Conditions
Collateral Valuation
Collateral security may not exceed 95% of fair market value. MARBIDCO determines collateral value during underwriting, including a first lien on a truck or other item being purchased.
Loan Terms
Personal Guarantee
Required if a business entity is the borrower. Owners of business entities must also provide guarantees. Minimum eligible credit score: 620.
Application Deadlines and Submission
Originate application
The applicant must originate all applications.
Submit application
Send a completed and signed original application with all required attachments to:
MARBIDCO Large Animal Veterinarian Loan, Attn: Brittany Rawlings, 1410 Forest Drive, Suite 21, Annapolis, MD 21403, or brawlings@marbidco.org.
Processing
Applications are processed as received.