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Disaster Recovery Microloans Now Available

Posted 8/16/2019 by Wood County Planning and Zoning

The North Central Wisconsin Regional Planning Commission (NCWRPC) has again partnered with the Wisconsin Economic Development Corporation (WEDC) to provide Disaster Recovery Microloan (DRM) funds.

This program will provide a source of funds for small businesses to cover expenses related to storm damage that occurred in July. Businesses within Langlade, Portage and Wood Counties are eligible to apply. The loans, up to $20,000 per business, may be used for procurement of cleanup and restoration services, operating expenses, temporary space, and repair and reconstruction work.

These are no-interest loans that have a two-year repayment period, with payments deferred for at least six months.  For more information about the microloan program: http://www.ncwrpc.org/disaster-microloan