Legacy Redevelopment Corporation
Legacy Redevelopment Corporation is an active SBA lender in Wisconsin, a development company offering SBA-guaranteed small-business loans.
$1M
in SBA approvals since 2015
8
SBA loans funded
Restaurants & Food Service · Transportation & Trucking · Construction & Contractors
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About 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.
Common questions about Legacy Redevelopment Corporation
What is this place and what can I find here?
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.
Do I need an appointment or can I walk in?
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.
What are the hours of operation?
Legacy Redevelopment Corporation is available by phone and email from 9 a.m. to 4 p.m. CST, Monday through Friday. Please confirm directly with them for any exceptions.
Is there a fee to use this?
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.
Who is this open to — anyone, or only residents/members?
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.
Can a non-bank entity provide financing if my personal credit score is below 640?
Yes — non-bank lenders like Legacy Redevelopment Corporation often work with borrowers whose personal credit falls below the 640 mark that many banks treat as a floor. They tend to weigh business cash flow, time in operation, and overall fit alongside your credit score. Approval and terms still depend on your full profile, so ask Legacy Redevelopment Corporation what minimum it looks for.
Is the loan application and validation pipeline fully digital with this provider?
Many non-bank lenders run a largely online process — application, document upload, and verification handled digitally, often with faster decisions than a traditional branch. Whether Legacy Redevelopment Corporation's pipeline is fully digital from start to finish depends on the provider. Check Legacy Redevelopment Corporation's website or ask their team how much of the process you can complete online.
Is this open on weekends?
No, Legacy Redevelopment Corporation does not offer weekend services. They operate Monday through Friday, 9 a.m. to 4 p.m. CST.
How do I get there and where do I park?
Legacy Redevelopment Corporation operates largely online and by phone as a non-bank lender, so most clients never need to travel to an office. If an in-person meeting is offered, Legacy Redevelopment Corporation will share the address and parking details when you schedule. Start by reaching out using the contact information on this page.
Who owns or operates this listing?
This page is an independent directory listing for Legacy Redevelopment Corporation, an SBA-participating non-bank lender (a development company or community fund). It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Legacy Redevelopment Corporation itself, which runs its own lending under its own ownership. If you work at Legacy Redevelopment Corporation, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Legacy Redevelopment Corporation — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Legacy Redevelopment Corporation before applying. If you represent Legacy Redevelopment Corporation, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Legacy Redevelopment Corporation via the contact form at lrcmke.com/contact, by phone at (414) 343-0163, or by email. They respond to inquiries during business hours (9 a.m. to 4 p.m. CST, Monday–Friday).
How do non-bank lender approval requirements differ from standard commercial institutions?
Non-bank lenders like Legacy Redevelopment Corporation usually place more weight on business revenue, cash flow, and time in business, and less on a high personal credit score or hard collateral than a traditional bank. That can mean faster approvals and more flexibility, sometimes at a higher cost. Ask Legacy Redevelopment Corporation what it requires and how its criteria compare for your situation.
Am I required to move my primary business checking account to this non-bank lender?
Generally no — non-bank lenders typically do not hold deposit accounts, so Legacy Redevelopment Corporation usually cannot and will not require you to move your business checking to them, and you keep your existing bank for day-to-day banking. A deposit-relationship requirement is far more common at traditional banks, but confirm the specifics with Legacy Redevelopment Corporation.
Do non-bank options favor asset-light tech fields or online retail brands?
Many non-bank and online lenders are comfortable with asset-light businesses — software, services, e-commerce, and online retail — because they underwrite on cash flow and revenue rather than physical collateral. That said, Legacy Redevelopment Corporation sets its own focus and may serve a broad mix of industries. Ask Legacy Redevelopment Corporation whether your field and business model fit what it typically funds.
What interest rate structures should I expect from a non-bank financing provider?
Non-bank financing can come as fixed or variable term loans, lines of credit, or revenue-based structures, and rates are often higher than a traditional SBA bank loan to reflect faster funding and looser criteria. The cost may be quoted as an APR or a factor rate. Ask Legacy Redevelopment Corporation for the full APR and total repayment amount so you can compare offers fairly.
Can I refinance high-cost merchant cash advances into a term loan with this lender?
Refinancing or consolidating expensive merchant cash advances into a lower-cost term loan is a common goal, and some non-bank lenders and SBA programs allow it when the numbers support it. Eligibility depends on your cash flow and the existing debt. Ask Legacy Redevelopment Corporation whether it refinances merchant cash advances and what it would take to qualify.
Do they allow seller notes to count toward the required borrower equity injection?
In many SBA-backed deals a seller note can count toward part of the borrower's required equity injection, often when it is placed on full standby for a set period. Whether Legacy Redevelopment Corporation permits this, and on what terms, depends on the lender and the SBA rules in play. Confirm with Legacy Redevelopment Corporation how it treats seller notes in your specific deal.
Do they offer international trade or export loan programs?
Some lenders take part in SBA export and trade programs such as the Export Working Capital Program or the International Trade Loan, which support businesses that sell abroad. Availability varies and not every non-bank lender offers them. If you export or plan to, ask Legacy Redevelopment Corporation whether it offers export or international trade financing.
What happens if the primary business asset valuation comes back lower than the contracted purchase price?
If an appraisal or valuation comes in below the agreed purchase price, the gap usually has to be covered — by renegotiating the price, the buyer adding more cash, or the seller carrying a larger note — because lenders generally lend against the lower of cost or appraised value. Ask Legacy Redevelopment Corporation how it handles a valuation shortfall before you commit.
