WHEDA's guarantee is valid only on eligible uses of proceeds. Documentation verifying disbursements may be requested at WHEDA's discretion. Eligible uses of proceeds are limited to:
 | Acquisition of agricultural assets which are defined as machinery, equipment, buildings, land or livestock to be kept for more than one year. |
| Improvements to buildings or land for agricultural purposes. |
| Refinance existing debt if farmer is expanding their existing farm operation (the refinanced debt must not exceed 75% of the WHEDA guaranteed loan). |
| WHEDA application and closing fees (these fees may be included in the loan request, but will not be guaranteed). |
