small Business loans

  • GAP Financing

    MCDEVCO uses GAP Financing to assist small businesses in Marathon County. MCDEVCO collaborates with area financial institutions, municipalities, and other agencies to complete loan transactions for new and expanding businesses. MCDEVCO can lend up to 40% of the total project through a seamless application and review process. Interested in learning more? Contact MCDEVCO today!

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  • Micro Loan - Start or Boost Your Small Business

    Micro Loans are small enterprise loans of $5,000 - $25,000 at a fixed 3% interest rate. These flexible short-term loans are intended for new and existing small businesses (with 10 or fewer employees).

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MCDEVCO is the loan administrator for:

  • City of Wausau – Community Development Block Grant (CDBG) Fund

  • Marathon County Revolving Loan Fund

  • Micro Loan Fund

  • Minority Loan Fund

  • Private Donor Loan Funds

  • Private Onsite Wastewater Treatment Systems (POWTS) Administration of Loans for Marathon County

  • Banks Line of Credit Participation and Administrative Services Agreement

    • Abby Bank

    • IncredibleBank

    • Intercity State Bank

    • Peoples State Bank

MCDEVCO Revolving Loan Funds

Eligibility & Guidelines:

  • Loan funds can be used to finance acquisition of existing businesses, land, building, and equipment; working capital; or construction/expansion projects

  • The business shall be obligated to maintain operations within Marathon County for the term of the loan

  • A minimum of 50% of the project cost must be funded by a private lender and at least 10% by personal equity

  • Job creation is typically one full-time position for every $35,000.00 loaned out by MCDEVCO

  • Interest rates vary and terms range between 5 and 10 years

  • Personal Guaranties are required

  • Not eligible for refinancing

The Revolving Loan Funds provide Financing for:

  • New small businesses

  • Existing small businesses that are expanding

  • Investment financing of larger projects that will support significant community/economic development

  • Projects that create and retain jobs (to include low-to-moderate income individuals)

  • Improvement of underserved and/or distressed areas

  • Development of Community Services

  • Equipment, inventory, working capital