Maryland Resource-Based Industry Financing Fund (MRBIFF)
The MRBIFF Loan Program provides low-interest loans to agricultural and resource-based industry (RBI) enterprises in Maryland. Offered by Maryland Agricultural and Resource-Based Industry Development Corporation (MARBIDCO).
Key Facts
- Funder
- Maryland Agricultural and Resource-Based Industry Development Corporation (MARBIDCO)
- Award amount
- Not specified by funder
- Deadline
- Rolling / not specified
- Geography
- Maryland
- Categories
- Community Development
- Status
- Open
About This Grant
The MRBIFF Loan Program provides low-interest loans to agricultural and resource-based industry (RBI) enterprises in Maryland. It is available as either a Direct Lending program or a Participation Loan program. Both options help businesses purchase land and capital equipment for production and processing activities. Under the Direct Loan structure, MARBIDCO provides supplemental loan proceeds ranging from 20% to 40% of total commercial financing needed in partnership with a commercial bank....
Full requirements and application instructions: official listing.
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