The Southern Maryland Agricultural Development Commission (SMADC) and MARBIDCO have partnered to offer an incentive grant program targeted to farmers in these five Southern Maryland counties: Anne Arundel, Calvert, Charles, Prince George’s, and St. Mary’s.

Overview

The Southern Maryland Agricultural Loan Equity Incentive Program connects farmers with vital resources by making a 5% equity contribution towards financing a project funded by a MARBIDCO loan.

Our joint partnership is designed to incentivize loan requests from Southern Maryland farmers and help them meet certain down-payment (equity) requirements to help improve the credit quality of their applications.

Available MARBIDCO Programs under the SMADC Partnership:

Maryland Resource-Based Industry Financing Loan Fund (MRBIFF)

MD Oyster Shucking House Loan Fund

Agribusiness Equipment and Working Capital Loan Fund

Vineyard/Hopyard/Orchard Planting Loan Fund

Shellfish Aquaculture Financing Fund

Remote Setting Shellfish Aquaculture Loan Fund

Forestry Equipment and Working Capital Loan Fund

Rural Business Energy Efficiency Improvement Loan Fund

Each MARBIDCO program has its own eligibility criteria and application/approval process. Southern Maryland applicants should follow the regular application process and meet the rigors of MARBIDCO’s underwriting criteria for each loan program.

SMADC can contribute up to $15,000 towards an MRBIFF Program loan, and in all other loan programs the equity incentive match would be capped at $5,000 (per applicant), with a 5% borrower equity generally required.