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MARBIDCO Loan Programs

Pandemic Adjustment Loan Fund Program (PALFP)

To help Maryland’s food and fiber producers, harvesters and primary processors adjust to the business disruptions caused by COVID-19, MARBIDCO is offering loans (with a very quick turnaround time) through its new Pandemic Adjustment Loan Fund.


Program Information

The program is targeted to assist existing agriculture or resource based enterprises in making timely adjustments to their business operations to help take advantage of new or continuing market opportunities.

Applications must be submitted by July 15. Now Closed.

Loan Amounts

Eligible farms and rural businesses can apply for loans up to $3,000 in working capital and up to $10,000 for equipment purchases at low interest rates with flexible terms. Eligible equipment does not include equipment purchased before March 15, 2020. Loan repayments will be interest only for five months followed by payments for 12 to 36 months with a rate of 3.75%. Borrowers who make all their payments will receive a 10% grant back (of the original amount borrowed) at the end of the loan term.