Financing support for agricultural, forestry, and seafood businesses
MARBIDCO’s loan programs are designed to meet key financing needs for agricultural, forestry, or seafood businesses and often complement financing from private commercial lenders.
Loans can be used for land purchases, facilities construction or renovation, equipment acquisition, or working capital, and often leverage commercial lender funds.
In addition to Core Loan programs, MARBIDCO offers several Specialty Loan programs funded by partner organizations for targeted purposes.
Loan uses may include:
$7K
Starting loan range
$2.5M
Upper loan range, with some exceptions
Core
Loan programs
Specialty
Partner-funded programs
Upper Shore Regional Council Farm Incentive Fund
Lending incentive grants for Upper Shore farmers
The Upper Shore Regional Council and MARBIDCO have partnered to offer an incentive program targeted to farmers in Cecil, Kent, and Queen Anne’s counties.
The program offers lending incentive grants with a 5% equity contribution towards eligible MARBIDCO loans, up to the maximum loan amount, depending on the program.
How to Apply for MARBIDCO Agribusiness Loan Programs
Requests for agribusiness loans and business planning assistance are made on a competitive basis. MARBIDCO’s financial experts can help applicants discover which program is best for their situation.
MARBIDCO’s Loan Review Committees are made up of individuals with experience in agricultural lending, rural development, and agriculture and resource-based business.
Ranking factors include the potential economic viability of the business enterprise relative to available resources, as well as the borrower’s creditworthiness.
Please see individual programs for application deadlines and specific application requirements. MARBIDCO staff can consult with individuals and businesses to determine which programs are the best fit.
All loan applications open in a new tab for downloading and appear on the screen behind the download box.
The Core Loan programs also offer a Hometown Hero interest rate reduction for applicants who have served or are currently serving in the United States Military. Clicking here will get you more information.