North Central Wisconsin Development Corporation (NCWDC) is a 501(c)(3), non-stock, non-profit eorporation established in 1994.
North Central Wisconsin Regional Planning Commission (NCWRPC) staffs the NCWDC.
NCWDC manages the Regional Revolving Loan Fund and the Community Development Loan Fund.
Regional Revolving Loan Fund (RRLF) & Community Development Loan Fund
These funds provide gap financing to area businesses. A gap is the difference between what a private lender is willing to lend, and what a borrower needs. Typically, RRLF money is long-term, has low down payments, and carries lower interst rates than traditional private financing. RRLF's do not compete with banks for projects, but rather complement them and other programs in a total financial structure.
What is the purpose of these funds?
They are both useful for creating high paying jobs, improving business façades, or for micro loans to early stage businesses.
Who do I contact to apply for these loans?
Matt Schreiber
North Central Wisconsin Development Corporation 210 McClellan Street Suite 210 Wausau, WI 54403
715.849.5510 extension 306
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Regional Revolving Loan Fund (RRLF) flier 55 KB
Community Development Loan Fund flier 52 KB
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