ANNOUNCED AS TEMPORARYYes
On April 25, 2017 Governor Scott Walker of Wisconsin announced that the Wisconsin Housing and Economic Development Authority (WHEDA) will provide amended loan guarantees to dairy farmers and processors with more favorable terms. Effective immediately, eligible dairy farmers will be able to access loan guarantees at more favorable terms than the existing agricultural loan guarantees. In addition, qualified dairy processors will have access to an 80% loan guarantee up to $750,000. Revolving working capital loans offer an 80% loan guarantee up to $200,000. WHEDA’s current small business loan guarantees offer a 50% maximum guarantee and slightly higher fees. WHEDA’s expanded loan guarantees will be available to dairy farmers and processors through August 1, 2017.
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