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How to Use CROP
- Are you a participating lender? If not,
learn how to partner with us.
- Get the product information you need. Everything from procedures
to eligibility guidelines are available in the Lender's
Manual.
- Get the forms you need,
in the format you prefer.
- Sign up for e-mail news
about WHEDA's agriculture financing products.
- The basic steps for requesting a CROP Guarantee are:
- Complete the CROP Application (CROP
Form 2)and Farmer's Affidavit (CROP Form 3) with your borrower.
- Underwrite the loan in accordance with your own prudent underwriting
standards.
- Close the loan but withhold disbursements pending WHEDA's approval.
- Mail the application, supporting exhibits and appropriate fee to WHEDA.
- WHEDA reviews the application for eligibility compliance and issues
a decision within 1 business day or our receipt of a complete application
package.
- Disburse the loan funds to the suppliers on behalf of your borrower.
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