Go Back

Legacy Redevelopment Corporation

Specializing in small business financing, this commercial bank offers a variety of SBA loan programs to support entrepreneurs and business owners. With a focus on community development and local economic growth, it provides tailored lending solutions for startups, expansions, and working capital needs. The bank is experienced in handling SBA 7(a) loans, which are ideal for a wide range of business purposes including equipment purchase, real estate acquisition, and refinancing. Their team works closely with clients to navigate the application process and ensure timely approval, often providing personalized guidance to meet specific business goals. Located in Milwaukee, this institution is committed to fostering small business success within the region, leveraging their expertise to help clients achieve their financial objectives. Whether you’re seeking a loan to start a new venture or expand an existing one, they offer flexible terms and competitive rates to support your growth plans.

Review

There are no reviews yet.

Lender Type

Commercial Bank

Question 1

What is this place and what can I find here?

Answer 1

This is a commercial bank that provides SBA loan programs to support small business growth and development. You can find financing options tailored to startups, expansions, and real estate projects, along with expert guidance throughout the application process.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It"s recommended to schedule an appointment to meet with a loan officer, but walk-in consultations may be available during business hours. Calling ahead ensures personalized service and reduces wait times.

Question 3

What are the hours of operation?

Answer 3

The bank typically operates from 9:00 AM to 5:00 PM, Monday through Friday. It"s best to confirm hours directly with the branch before visiting.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for accessing the bank"s services, but standard SBA loan fees, such as guarantee and closing costs, may apply depending on the loan terms.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

The bank primarily serves small business owners within the region, but eligibility depends on meeting SBA program requirements and creditworthiness. Non-residents with qualifying businesses may also be considered.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum personal credit score of around 640 is generally preferred, though higher scores improve the likelihood of approval.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

Legacy Redevelopment Corporation

Description

Location

Review

Q&A