MARBIDCO Rural Business Energy Efficiency Improvement Loan Fund

Last updated: July 28, 2020

Program Overview

Implementing Sector:State
Category:Financial Incentive
Incentive Type:Loan Program
Web Site:
Funding Source:Revolving Loan Fund
Eligible Efficiency Technologies:Boilers, Energy Mgmt. Systems/Building Controls, Building Insulation, Agricultural Equipment, Comprehensive Measures/Whole Building, Other EE, Commercial Refrigeration Equipment
Maximum Loan:$2,500 - $30,000 Grant amount: 10% of the loan (not to exceed $1,000)
Loan Term:Based on the anticipated payback time. All loans must be personally guaranteed by the owners of the business
Interest Rate:4.50% fixed interest rate


MARBIDCO Rural Business Energy Efficiency Improvement Loan Fund

Maryland Agricultural & Resource-Based Industry Development Corporation (MARBIDCO) offers low-interest loans to help improve the energy efficiency of agricultural operations and other resource-based business in Maryland. A 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 an energy audit or energy management plan report provided by a qualified third party energy auditor. 

Loan amounts can range from $2,500 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 on the website above. 

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