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Committee approves McDevCo–City microloan guidelines to expand small‑business gap financing
3208748 · May 7, 2025
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Summary
The Wausau committee approved microloan program guidelines with McDevCo to make smaller gap loans—up to $25,000—available at favorable terms to local small businesses and entrepreneurs throughout Marathon County.
The Economic Development Committee approved guidelines for a microloan program administered with McDevCo that aims to expand small‑business gap financing across Marathon County.
Staff described the program as a complement to existing revolving loan funds. McDevCo director Kim Webber told the committee the microloan product targets borrowers who cannot access…
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