GRANT · HOW TO WIN THIS
Loan amount varies; terms not publicly specified.
Rolling applications — no set deadline.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
Competitiveness is unclear; no public data on approval rates or number of loans made annually.
As a CDFI, Legacy Bank and Trust is designed to serve borrowers underserved by conventional banks, which may mean more flexible criteria, but loan decisions are still credit-based.
WHAT IT TAKES
Visit Legacy Bank and Trust's website and contact their Community Development Lending team — 1 hour
Prepare basic business financials and loan purpose documentation — 1-3 days
Submit a loan application and complete any required review — Varies by lender
WORTH KNOWING
Legacy Bank and Trust has joined Southern Bancorp, one of the country's oldest and most established CDFIs, which may expand the range of financing products and support available to applicants.
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