Upon receipt of the complete application, the turnaround time will be based on the following:
 | Three business days for WHEDA Small Business Guarantee or Agribusiness Guarantee requests of $100,000 or less in guarantee exposure (Staff Delegated approval) |
| Six business days for WHEDA Small Business Guarantee or Agribusiness Guarantee requests between $100,000 and $200,000 in guarantee exposure (Team delegated or Internal Loan Committee approval) |
| Ten business days for Agribusiness Guarantee requests greater than $200,000 in guarantee exposure (Directors Loan Committee approval) |
| Fifteen business days for all Neighborhood Business Revitalization Guarantee requests (Directors Loan Committee approval) |
Staff and Team delegated approvals are made by experienced underwriters. The Internal Loan Committee is comprised of WHEDA management and staff. The Directors Loan Committee is a subcommittee of WHEDA's Board of Directors.
While WHEDA's underwriters will negotiate the terms and conditions of the guarantee with the Lender, the final decision made by the Committee may differ from the Lender's request or the staff recommendation.
WHEDA will notify the Lender by phone of the committee's decision following the meeting.
