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WHEDA Propane Guarantee Program (PGP)

Features & Benefits

  • Lower Interest Rate—improves profitability
  • One year Term and Amortization—lower monthly payment
  • Use for Working Capital, inventory and equipment 
  • Reduce Risk for the Lender—makes it easier to approve the loan

Terms

  • Maximum guarantee is lesser of 50% of the loan or $50,000 for propane dealers or $25,000 for non-propane dealers

Examples of guarantee calculations for propane dealers:

Principal Amount    Maximum Guarantee    Guarantee Amount 

$100,000

50%

$50,000

$200,000

25%

$50,000

$400,000

12.5%

$50,000

Examples of guarantee calcuations for borrowers that are not propane dealers:

Principal Amount  Maximum Guarantee  Guarantee Amount 

$50,000

50%

$25,000

$75,000

33%

$25,000

$100,000

25%

$25,000

Fees

  • Closing fee 1.0% of guaranteed amount of the loan.*

*May be financed and included in the loan request, but this portion will not be guaranteed.

How to Use the PGP

Gives you a summary of the process.
For Businesses
For Lenders  

Frequently Asked Questions

For Businesses

General
Eligible Businesses
Eligible Uses of Loan Proceeds
Procedures  

For Lenders

Eligible Businesses
Eligible Uses of Loan Proceeds
Underwriting
Servicing Responsibilities 

Eligibility

Business Eligibility
What types of businesses are eligible?
Use of Loan Proceeds
What are the eligible uses for the proceeds of a WHEDA guaranteed loan?