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Economic Development Committee approve loan deferrals

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WAUSAU, Wis. (WAOW) -- The Wausau Economic Development Committee has approved the deferral of city loans for small businesses impacted by COVID-19.

The deferrals will be approved on a case by case basis and can be requested for up to a year.

"Interest would continue to accrue but you defer your payments. You wouldn't need to make a payment during this key time," said Wausau Economic Development Director Chris Schock.

The measure still has to be approved by the full council.

Sarah McGrew

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