FAÇADE
RENOVATION
Funds are available in the Wausau central business district for
low-interest, deferred installment loans to do exterior façade
renovation and code compliance.
REVOLVING LOAN
FUND
The City of Wausau’s Revolving Loan Fund (RLF) is administered
by the Marathon County Economic Development Corporation (McDEVCO).
Funds are available for projects that create and retain private
sector jobs, increase tax base and leverage private investment.
The RLF committee will review the loan application for:
- The viability of the business concept,
- The potential of the business for growth
and job creation,
- The credit history of the applicant and
soundness of the business plan,
- The ability to repay from cash flow,
- The number and type of jobs to be created,
- The benefit of the project to the community.
Application packets and completed business plans
submitted to the RLF committee with a letter of commitment from
a local financial institution for matching conventional financing
is required for consideration. For more information contact Pam
Kolasinski at McDEVCO, Inc., P.O. Box 6190, Wausau, WI 54402-6190,
(715) 845-6231, or e-mail at pkolasinski@wausauchamber.com.
MICRO-LOAN PROGRAM
The Micro-loan program was developed to help new and expanding
small businesses within the City of Wausau. This low interest,
short-term program serves a need for local business owners who
need to fill a gap with commercially approved loans, acquire working
capital for special projects, or purchase equipment.
Loans are for $5,000 at 2% simple interest over
48 months.
Application may be made by letter to the Community Development
Department, Wausau City Hall, 407 Grant Street, Wausau, WI 54403.
The letter shall include a description of the project or business
idea and a brief history of the company. Other necessary documentation
includes a business plan with projections (or three years of history
if existing business) and income tax statements.
For more information, please call Ann Werth at
715-261-6680.
HOME-BUYER
DOWNPAYMENT PROGRAM
Funds are available to income qualifying
individuals or families for assistance with down-payment and closing
cost to purchase a house within the City of Wausau. Funds are
provided as low-interest deferred installment loans on a first-come,
first serve basis.
For more information, contact Mindy Brandenburg 715-261-6680.
EMPLOYER ASSISTED
DOWNPAYMENT PROGRAM
Funds are available
to income qualifying employees of participating companies for assistance
with down-payment and closing costs to purchase a house within the
City of Wausau. Funds are grant and low-interest deferred installment
loans on a first-come, first-serve basis. Employers
interested in this program contact Ann Werth 715-261-6680.
HOUSING REHABILITATION
PROGRAM
Funding is available
to low and moderate income homeowners for necessary home improvements
on a city-wide basis by providing low-interest deferred loans, on
a first-come, first-serve basis. For
more information, contact Tammy Stratz 715-261-6680.
RENTAL REHABILITATION
PROGRAM
Funding is available to landlords owning property
within the City of Wausau for renovations/improvements. Funds are
provided as low-interest deferred installment loans on a first-come,
first-serve basis. For more information,
contact Tammy Stratz 715-261-6680.
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