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Small Business  Agriculture

Frequently Asked Questions for Businesses: General

• How is the subsidy determined?
• Is there a maximum total project cost?

Other Business Questions

Eligible Businesses
Eligible Use of Loan Proceeds
Procedures

How is the subsidy determined? 

For a business more than 3 years old, the maximum subsidy is $10,000 per Full Time Equivalent (FTE) job created or retained.

For a start-up or a business less than 3 years old, we compare the average income and unemployment rate in the county where the business is located, against State averages. This sets the subsidy amount at $10,000, $15,000 or $20,000 per FTE job created or retained.

Is there a maximum total project cost? 

No, the total loan amount may be greater than $99,000, however, WHEDA will only subsize the interest rate on eligible uses of proceeds up to $99,000.