Overview
This fund is designed to incentivize loan requests from Upper Shore farmers and to help them meet certain down-payment (equity) requirements of lenders in order to help improve the credit quality of their applications. The program connects farmers with vital resources by making a 5% equity contribution towards financing a project funded by a MARBIDCO loan.
Learn more about the Upper Shore Regional Council Farm Fund on their website.
Eligibity Criteria
Each MARBIDCO program has its own eligibility criteria and application/approval process. Upper Shore applicants should follow the regular application process and meet the rigors of MARBIDCO’s underwriting criteria for each loan program.
For all financings from MARBIDCO Funds, except MRBIFF, the maximum amount of a grant will be the lesser of 5% of the hard costs of the project or $5,000.00; For MRBIFF, the maximum amount of a grant will be the lesser of 5% of the hard costs of the project or $15,000.00.
To learn more about the Upper Shore Regional Council, visit their website.