Areas Served: Statewide, Maryland
The RBWCL will offer low-interest loans to established Ag/RB-industry firms and producers in the State of Maryland for working capital and equipment purchases.
This program is supported by MARBIDCO (utilizing state funds) and the U.S. Department of Agriculture – Rural Development.
Some loans made under this program will use a combination of USDA-RD funds and MARBIDCO funds while others will use MARBDICO funds exclusively.
Commercial Lender Participation: Endorsement Required Maximum Loan Amount: $75,000 Loan Terms: Equipment – 3 to 7 years; Operating Line – 1 to 2 years Interest Rate: 4.75% (APR)
Contact InformationMaryland Agricultural & Resource-Based Industry Development Corporation
Address: 1410 Forest Drive, Suite 28
City: Annapolis
State: Maryland
Website:
http://www.marbidco.org/
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