MARBIDCO Rural Business Energy Efficiency Improvement Loan Fund

Maryland Agricultural & Resource-Based Industry Development Corporation (MARBIDCO) offers low interest loan to help improve energy efficiency of agricultural operations and other resource based business in Maryland. Subsidized loan is provided at below market rates to help businesses finance equipment or technology to reduce business related energy consumption. To qualify for the loan, the applicant must provide a copy of energy audit or energy management plan report provided by a qualified third party energy auditor. Loan amounts can range from $5,000 to $30,000, with repayment terms tied to anticipated energy savings of the project.

The program also offers a grant subsidy to the borrowers up to 10% of the loan (not to exceed $1,000) to help reduce the debt service expense. More information is provided in its application and in the website above.