A 2% interest subsidy will apply only under certain circumstances as authorized by Wisconsin Statutes. If the interest rate on CROP loans as established by WHEDA, and the prime rate as determined by the federal reserve, equals or exceeds 10% on the loan origination or extension date, a subsidy will be paid. If both rates do not equal or exceed 10%, a subsidy will not be paid. WHEDA will notify the Lender in the Guarantee Commitment Letter if the loan is eligible for an interest subsidy.
