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Find similar grantsFORESTRY EQUIPMENT AND WORKING CAPITAL LOAN FUND is sponsored by Maryland Agricultural & Resource-Based Industry Development Corporation (MARBIDCO). Provides financing for Maryland's forest products-related businesses for working capital and equipment purchases.
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MARBIDCO Agribusiness financing loans and grants Forestry Equipment and Working Capital Loan Fund A major aim of this program is to help forest products-related businesses innovate and take advantage of emerging market opportunities, or to make investments to help make business operations more sustainable. We can help with Eastern Shore forest products and, of course, Western Shore forest products!
The Forestry Equipment and Working Capital Loan Fund addresses the unique financing needs of Maryland’s forest products-related businesses for working capital and equipment purchases. Because of the highly leveraged nature of many forest products industry businesses, MARBIDCO’s maximum outstanding aggregate portfolio balance under this loan program cannot exceed a total of $400,000.
Because of this limitation, please contact the MARBIDCO office for guidance prior to completing an application. Loan Terms and Conditions Minimum/Maximum Loan Amounts: $15,000 / $150,000 Loan Terms: Equipment Loan: 3 to 6 years. Operating Loan: 1 to 2 years.
MARBIDCO Interest Rate: This will be established on a case-by-case basis based on the level of anticipated credit risk. The minimum interest rate for any loan made under this program will be 6. 25% (Fixed rate).
Loan Origination Fee: 1% of the loan amount Equity Requirement: Typically, 5-10% of a project’s total cost. Lender Participation: Required. A commercial lender must participate in the application process by providing a letter of referral.
An attachment to be completed by a financial institution, describing current loan obligations, is located near the end of the application form above. Application Submission Process All applications must be originated by the applicant. Cooperative Extension agents, Maryland Forest Service, county agricultural marketing officials, and other business professionals may assist in the development of applications.
Applications are processed as they are received. Send Completed Applications to: MARBIDCO Forestry Loan Program, 1410 Forest Drive, Suite 21, Annapolis, MD 21403, or email to bcadden@marbidco. org .
Upper Shore Regional Council Farm Loan Equity Incentive Matching Fund
According to the current listing, eligibility includes: Maryland's forest products-related businesses. Confirm the full requirements in the official notice before applying.
The current listing shows maximum loan $150,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
FORESTRY EQUIPMENT AND WORKING CAPITAL LOAN FUND is funded by Maryland Agricultural & Resource-Based Industry Development Corporation (MARBIDCO). Verify program details on the funder's official page before applying.
This opportunity targets applicants in Maryland. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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