At a glance
From its website, read 2 Nov 2026Legacy Redevelopment Corporation is a loan fund based in Milwaukee, Wisconsin. Its website describes commercial real estate loans, affordable housing development loans, microloans and 2 other loan types. Stated loan amounts run from $5,000 to $350,000. Where it lends: Milwaukee and Racine, Wisconsin.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Website | www.lrcmke.com |
|---|---|
| Office (official list) | 1915 N. Dr. Luther King Dr., Suite 202, Milwaukee, WI 53212 |
What their website says about applying
to tell us more about your business or call.
source3 years completed of your most recent business tax returns w/ all schedules
sourceCopy of a current WI Drivers License or State ID
sourceremit payment with your completed application package
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Loans (general) | Term: see their wording | With a term not to exceed 12 months | source |
| Commercial real estate loans | Term: up to 12 mo | 1 year; If pre-development surpasses the one-year term | source |
| Microloans | Term: 12 mo–3 yr | 1-3 years | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- Training or counseling required
have successfully completed a training program through a qualified regional business incubator
source - Collateral required
Collateral: Required
source - Business plan required
A business plan, which demonstrates that the future financial results of the company will service all debt
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 24 Aug 2026 |
| RSSD ID | — (none listed) |
| Address | 1915 N. Dr. Luther King Dr., Suite 202, Milwaukee, WI 53212 Directions (Google Maps) |
| Website | www.lrcmke.com |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 5 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. Loan terms come from the Finance Your Business page; no online application or non-English service was stated. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Commercial real estate loans | — | Real estate financing helps support the development of commercial residential and mixed-use projects. | source |
| Affordable housing development loans | — | Housing development projects including multi-family and mixed-use developments | source |
| Microloans | $5,000 – $50,000 | We offer loans ranging from $5,000 to $50,000 for | source |
| SBA-backed loans (7(a)/504/Community Advantage) | up to $350,000 | Through the SBA’s Community Advantage initiative, LRC can provide qualifying local small businesses with loans up to $350,000. | source |
| Small-business loans | — | LRC considers loans to emerging and start-up service, product, and device/technology businesses that are led by management teams that have relevant experience | source |
Loan sizes
We offer loans ranging from $5,000 to $50,000 for
sourceThrough the SBA’s Community Advantage initiative, LRC can provide qualifying local small businesses with loans up to $350,000.
sourceLRC offers lines of credit up to $75,000 to $200,000 based on:
source
Range used for the size filter: $5,000 to $350,000
Service area
Milwaukee and Racine, Wisconsin
We provide business loans in Milwaukee and Racine Wisconsin.
source
Counties this matches: Milwaukee County, WI, Racine County, WI
Borrower focus
- Low- and moderate-income / underserved
tailored for disadvantaged businesses in low-income communities.
source - Nonprofits
LRC offers a variety of financing products to help qualifying small businesses and nonprofits succeed.
source - Startups
LRC considers loans to emerging and start-up service, product, and device/technology businesses
source
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What interest rate and fees should I expect on your commercial real estate loans and affordable housing development loans?
Their website does not state a rate for this. - Can I apply online, or do I need to call or visit?
We found no online application on their website. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$4.5 million in 7 awards from the U.S. Treasury's CDFI Fund, 2007–2022 (CDFI Equitable Recovery Program; CDFI Program, Financial Assistance; CDFI Rapid Response Program).
| Round year | Program | Amount |
|---|---|---|
| 2022 | CDFI Equitable Recovery Program | $794,881 |
| 2021 | CDFI Rapid Response Program | $795,000 |
| 2014 | CDFI Program, Financial Assistance | $699,750 |
| 2013 | CDFI Program, Financial Assistance | $600,000 |
| 2012 | CDFI Program, Financial Assistance | $600,000 |
| 2008 | CDFI Program, Financial Assistance | $725,472 |
| 2007 | CDFI Program, Financial Assistance | $317,533 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Dec 2023| Total assets | $14M |
|---|---|
| Total liabilities | $11.3M |
| Net assets | $2.7M |
| Total revenue | $2.6M |
| Notes and loans receivable, net (Part X line 7) | $9.5M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending December 2023 (tax year 2023; EIN 31-1724109, filed as “LEGACY REDEVELOPMENT CORPORATION”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Dec 2021 (990) | $10.6M | $1.1M | $972,706 | $8.3M |
| Dec 2022 (990) | $10.9M | $1.5M | $1.7M | $8M |
| Dec 2023 (990) | $14M | $2.7M | $2.6M | $9.5M |
Total assets grew 31% from Dec 2021 to Dec 2023; notes and loans receivable rose 14%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| SBA approvals, FY2023–24 → FY2025–26 | 2 → 2 | Rank among the 5 certified CDFIs in Wisconsin with SBA approvals in either period: 3 → 5. |
| Largest loan its website states | $350,000 | Other loan funds whose website states a maximum: median $250,000. Higher than the stated maximum of 53% of these 184. |
| Total assets, latest IRS Form 990 | $14M | Larger than 55% of the 11 other certified loan funds and venture funds in Wisconsin with a matched Form 990 (median $10.6M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| SBA approvals then vs now | certified CDFIs in Wisconsin with SBA approvals FY2023–2026 | 4 | rank 3 → 5 of 5 |
| Largest stated loan | other loan funds stating a maximum, nationwide | 184 | higher than 53% |
| Form 990 total assets | certified loan and venture funds with a Form 990, in Wisconsin | 11 | larger than 55% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. SBA 7(a) & 504 FOIA data as of 30 Sep 2026. Form 990 figures: IRS annual extracts (see the Form 990 section).
SBA loans approved
SBA data as of 30 Sep 2026The SBA's public loan data lists 4 SBA-backed approvals for Legacy Redevelopment Corporation in fiscal years 2020–2026 (October 2019 to September 2026):
- 4 7(a) loans as the lender: $877,500 in total (gross amount approved), median $218,750
By fiscal year: FY2020 0 · FY2021 0 · FY2022 0 · FY2023 2 · FY2024 0 · FY2025 2 · FY2026 0.
By program
- 7(a) Community Advantage (2, 50%)
- 7(a) standard (2, 50%)
How this lender was matched in the SBA files: SBA lender ID 0494947: same name, state and city (SBA lists “Legacy Redevelopment Corporation”).
Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. Legacy Redevelopment Corporation may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files.
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.
Other certified CDFIs in Milwaukee and Wisconsin
- ACTS LENDING INCLoan fund · Milwaukee, WIOfficial list only
- Brewery Credit UnionCredit union · Milwaukee, WIAuto / vehicle loans, Small-dollar / emergency loans, Home mortgages, Personal / consumer loansVerified
- Hmong Wisconsin Chamber of CommerceLoan fund · Milwaukee, WICommercial real estate loans, Small-dollar / emergency loans, Small-business loansVerified
- Holy Redeemer Community Credit Union of SE Wisconsin, IncCredit union · Milwaukee, WIOfficial list only
- Milwaukee Economic Development CorporationLoan fund · Milwaukee, WICommercial real estate loans, Equipment loans, SBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
- Northwest Side Community Development CorporationLoan fund · Milwaukee, WISmall-business loansVerified
- Wisconsin Women's Business Initiative CorporationLoan fund · Milwaukee, WIMicroloans, SBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
Work at Legacy Redevelopment Corporation? Link to this page
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