We’d like to welcome Dylan Smallwood to our lending staff at Intercity. Dylan is a recent graduate of Luther College in Decorah, Iowa with a Business Management Degree and a minor in Nordic Studies. Dylan is a native of Omaha, NE and moved to the Wausau area in June 2016. Dylan has already immersed himself into the community, becoming part of the coaching staff for DC Everest as an assistant varsity football coach. Please feel free to contact Dylan at our Schofield office 715-359-4231 for all your business lending needs!
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 (McDevco).
CWED offers very attractive rates, currently beginning 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
- Loan funds may be used to finance acquisition of existing business, land, building, and equipment; working capital; or expansion projects.
- Businesses must be located in Adams, Marathon, Portage, or Wood County.
- There must be a minimum of one dollar in private funds available for every dollar in CWED loan funds requested, and the applicant must provide personal equity in an amount at least equal to 10% of the total project cost.
- One full-time job is to be created or retained for each $20,000 loaned.
- The business shall be obligated to maintain operations within the municipality for the term of the loan.
- Projects must be completed within 24 months of the date of loan approval.
- 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 CWED Loan review Committee, and will be right by your side through the entire process. Contact me, Sean Strahota, at 715-359-4231.
Intercity State Bank is excited to announce they have new neighbors at their Wausau location. The Behavioral Health Clinic of Wausau (BHC) recently relocated their office to allow them more room for services in one location. BHC was founded in December 2012 by Owner and Clinic Director, Shannon Schaefer, Ph.D. Their mission is to provide the highest quality, state-of-the art mental health services. Their professional staff includes licensed psychologists, psychotherapists, and a psychiatric nurse practitioner. Their mental health professionals provide a variety of services to children, adolescents, adults, families and couples, including: individual, family and couples therapy; psychological assessment; and medication management. Welcome, BHC!
Intercity State Bank is once again honored and excited to be a sponsor for the Forrest Goetsch Memorial Run to be held Saturday, June 21st, 2014 at Dale’s Weston Lanes in Weston. As many of you know, Forrest Goetsch was a student at D.C. Everest and died unexpectedly during cross country warm-ups on September 21, 2009. Forrest was born prematurely and had many medical challenges.
Forrest Goetsch Charities was established in his memory. Because Forrest’s life here on earth had such a profound impact, his parents 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. All proceeds from the run go to Forrest Goetsch Charities to award to these youth and/or organizations.
Once again, this year several Intercity State Bank employees will join other runners at the starting line. Participants have the option to run/walk either 2 miles or 5 miles for the benefit. Please join the fun and give back to the community!
WHEN: Saturday, June 21, 2014
REGISTRATION: Register Friday, June 20, from 5:00 – 8:00pm at Dales Weston Lanes (or on race day from 6:30 – 8:30am)
FEES: $20 until May 18, $25 (on May 19 – June 1), $30 (on June 2 – race day)
RACE DAY SCHEDULE: 6:30 – 8:30am registration and packet pickup
8:45am Pre-race instruction
9:00am Race starts
For more information, please visit the official race website: http://www.forrestsrun.com/
Hope to see you there!
Thanks to all of our customers and employees for helping to raise $1,000 in sponsorship of Adam Domino/Special Olympics! Adam once again braved the frigid temperatures for the Polar Plunge held at Sunnyvale Park. Way to go Adam! Together, we can make a difference!