Forrest Goetsch Charities was established in memory of the Goetsch’s 14-year old son who died unexpectedly during warm-ups at cross-country practice on September 21, 2009. Because Forrest’s life here on earth had such a profound impact they wanted to celebrate his life and honor his memory in a permanent fashion. Forrest Goetsch Charities, an official 501 (c)(3) nonprofit organization, is dedicated to recognizing outstanding achievement in our communities by youth and or organizations who have helped others through difficult times or who have personally overcome challenges in their lives. 

Every June, they host the Forrest Goetsch Run and several Intercity State Bank employees join other runners at the starting line. Participants have the option to run/walk either 2 miles or 5 miles for the benefit. All the proceeds go toward to the Forrest Goetsch charities to award  outstanding achievement in the community by youth or organizations.  Please join the fun and give back to the community!

WHEN: Saturday, June 22, 2013

REGISTRATION: Register Friday, June 21, from 5-8 at Dales Weston Lanes (or raceday from 6:30 a.m. to 8:30 a.m.)

FEES: $20 until May 19, $25 (on May 20-June 2), $30 (on June 3-race day)

RACE DAY SCHEDULE: 6:30-8:30 a.m. registration and packet pickup

8:45 a.m. pre-race instruction

9:00 a.m. race starts

For more information, please visit the official race website: http://www.forrestsrun.com/default.htm  Hope to see you there!

Are you finding yourself unable to move forward with a construction or expansion project due to current market conditions and your appraisal comes in to low?  Intercity has been able to assist with finding the additional capital, or gap financing available through Central Wisconsin Economic Development’s,  (CWED), Revolving Loan Fund.  This fund was formerly administered through Marathon County Development Corporation, or more commonly known as McDevco.

 CWED offers very attractive rates, currently at 2% for 7 years for equipment purchases and 10 years for most real estate loans.  There are some guidelines, as follows, for qualifying:

Eligibility and Guidelines

• McDevco loan funds may be used to finance acquisition of existing business, land, building, and equipment; working capital; or expansion projects.
• The interest rate is below market interest and term of loan is between 5 to 10 years, depending on use of funds.
• A minimum of 50% of the project cost must be funded by a private lender and at least 10% by personal equity.
• One full-time job is to be created for each $20,000 loaned.
• The business shall be obligated to maintain operations within the municipality for the term of the loan.
• Personal guaranties are required.
• Refinancing of existing debt is not eligible.

With these attractive rates and terms, your next project can get off the ground even with these difficult current market conditions.  Intercity can help you with the application and loan presentation with McDevco, and will be right by your side through the entire process.  Contact me, Sean Strahota, at 715-359-4231.

Intercity State Bank MasterCard Debit Cards may be used as either debit or credit, depending on consumer and merchant needs.  Intercity State Bank does not charge a fee for using your debit card as either debit or credit.

Traditionally, debit cards withdrew funds directly from the consumer’s bank account, and credit cards allowed consumers to make purchases using borrowed money.  Although this distinction still exists, some bank issued debit cards, such as your Intercity State Bank Master Debit Card, allow consumers to choose either debit or credit.

Your Intercity State Bank Debit Card will withdraw funds directly from your account whenever you use it.  It does not matter if you choose debit or credit; funds will come directly from your checking account.  This is different from traditional credit cards, which draw on funds from a line of credit that the consumer repays with a monthly bill.  This is the primary difference between and credit card, and a debit card run as credit.

Some additional considerations include ease of use, fraud protection, and merchant fees.  When you choose debit, you must enter your four digit pin number, whereas, when you choose credit, you simply sign for the purchase.  Fraud protection is a primary aspect of Intercity State Bank’s mission statement to provide customers with excellent service.  If you experience fraud on your Intercity State Bank MasterCard Debit Card, please call bookkeeping right away at 715-359-4231.

Some ATMs charge a fee, but there is no charge for Intercity State Bank customers using Intercity State Bank’s ATMs.

Overall, Intercity State Bank customers should choose credit when making purchases or buying fuel at the pump.  Choosing credit is easier, and safer to use because no PIN number is required.  Debit should only be used at an ATM, or when additional cash back is needed from the transaction.

Please feel free to contact the bookkeeping department at 715.359.4231 with any questions or concerns regarding your Intercity State Bank MasterCard Debit Card.

As a small business owner you may have heard about SBA Small Business Association) loans, but didn’t really know what they were or how they relate to your financing needs.  There are many different kinds of SBA options.  The SBA 504 loan program is one that can help small business owners purchase real estate, equipment, or expand their current facility with low down payment and at a fixed rate.

The SBA 504 program allows small business‘s to purchase fixed assets with a down payment of 10 to 15% (compared to a standard minimum of 20% using conventional bank financing).  The program structures this type of loan the following way:  The bank portion equals 50% of the project, the SBA portion equals 35-40%, and there is a 10-15% down payment required depending on the type of collateral and whether or not it is a start up business.

In addition to the lower down payment requirements, this program also offers fixed rate financing of up to 20 years for the SBA portion of the loan.  As of February 2013, the rate was 4.29%.

The closing costs for the SBA 504 program are higher than traditional bank financing, so it is not appropriate for all situations.  We sit down with prospective borrowers before submitting the SBA loan application to see if it makes sense to pursue.  Feel free to contact me, Patrick France (715.241.0400) or my colleague Sean Strahota (715.359.4231) with any questions regarding the SBA program.

Thank you to our customers and employees for raising $600 in sponsorship of Adam Domino!  And way to go, Adam for doing the frigid jump.  Together, we all make a difference!