Impact
“A LRC line of credit to T.L. Reese Construction is helping to build new homes and commercial properties in Milwaukee’s central city.”
At LRC, we strive to grant loans that will make the most impact in Milwaukee. Despite the fact that we focus on applicants who many might consider to be higher risk, we have experienced very few loan delinquencies or losses.
In the over 20+ years that LRC has been in business, we have financed over 60 loans, totaling $8 million, to organizations that created or retained more than 1,000 jobs in our communities. What’s more, our loans have financed over 230,000 square feet of new or renovated space for Milwaukee central city nonprofit and socially oriented businesses.
Since LRC granted our first loan in late 2003, we have seen steady growth in lending capital from our investors.
Our loan capital continues to grow, which shows that investors are confident in our business plan and recognize that there is an increasing demand for LRC’s financial products and services within Milwaukee’s distressed and at-risk neighborhoods.
Social Impact
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Elevation Without Intoxication
HoneyBee Sage a herbal beverage cafe that combines the unique concept of an apothecary, tea cafe, and alcohol free craft cocktail lounge.
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Elevated Evenings, Local Energy
Dream Lounge Social - An intimate, community-centric lounge and sports bar committed to outstanding customer service and a welcoming atmosphere.
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More Than A Cup Of Coffee
Biggby Coffee offers a massive selection of over 400 drink combinations, catering to a wide range of tastes and moods.
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GLOWing with Possibilities
GLOW 414 - Works with young women in Milwaukee offering transitional housing at a newly opened complex in the Franklin Heights neighborhood.
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Dressed for Success
Rochelle’s Fashion Boutique - Added full-time employees, expanded her product lines, and positioned her retail store for additional growth.
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Digging for New Revenue
RL Davis Contracting Services was able to buy new equipment, allowing them to significantly increase the volume and scope of customer projects.
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Pandemic Relief
Gibraltar Industries was able to reopen their doors and retain employees during the COVID-19 pandemic.
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Lending With A Heart
Cafe Corazon was able to keep their doors open thanks to a new line of credit with LRC.
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Fresh Coat of Paint
1-800-ProPainters was able to establish a line of credit that was necessary to facilitate consistent cash flow.
LRC loans have also helped to create or renovate over 100 affordable private homes. Two model homes led to increasing sales for neighboring new single-family homes, often to first-time home buyers.
Thanks to LRC loans, you can drive through our target neighborhoods and see formerly vacant lots and boarded-up buildings transformed into affordable single-family homes, cost-effective apartment complexes, thriving commercial spaces and nonprofit headquarters.