GAP Financing

GAP Financing – Available throughout Marathon County

GAP financing is lending up to 20% of a total project. MCDEVCO collaborates with area financial institutions, municipalities, and other agencies to complete loan projects.

Loan administrator for:

  • City of Wausau – Community Development Block Grant (CDBG) Funds
  • Marathon County Revolving Loan Funds
  • Banks Line of Credit Participation and Administrative Services Agreement
    • Abby Bank
    • Intercity State Bank
    • Peoples State Bank
    • River Valley Bank
  • Minority Loan Fund
  • Private Donor Loan Funds
  • Private Onsite Wastewater Treatment Systems (POWTS) Administration of Loans for Marathon County

Eligibility and Guidelines for the MCDEVCO Revolving Loan Funds (click to read)

Why is GAP Financing Important?

Small businesses are the backbone of the U.S. economy. These companies account for more than 99% of all U.S. firms and employ over half of all workers.* Small businesses are the main sources of new job creation for Americans. Since 1995, small businesses have created two out of every three net new jobs for the U.S. economy.**

For every one dollar in lending to small businesses, sales of small business borrowers increased between $1.05 and $2.84 (with an average of $2.31). That one dollar in lending created between $2.01 and $5.59 (with an average of $3.79) in gross output in the local communities of the small business borrowers.** However, access to capital to start new businesses, purchase inventory, cover operational costs, or capital to expand is one of the top challenges for small businesses. GAP financing fills that need between what a small business owner can borrow, their down payment, and the total project cost.

GAP financing builds strong communities for Marathon County. Economic development through GAP financing attracts new businesses and allows small businesses to grow.

* U.S. Bureau of Labor Statistics 2017.
** White House National Economic Council – May 2012.
*** The Economic Benefits of Online Lending to Small Businesses and The U.S. Economy report May 2018.