Complete Document for Funding

Know what is required and optional to make underwriting faster and more predictable

Required Documents

Gather all essential paperwork upfront to ensure accurate and efficient submissions

Bank Statements

Most recent 3–6 months

Identification

Valid Government-Issued ID

ISO Submission Form

Completed & Signed Application

Voided Check

Business Checking Account

Conditional Documents

Additional documents that might be required to complete underwriting or verify deal details

Proof of Business Operations

Required if time in business cannot be verified through public records or credit report.

Existing Advance Statements

Required if the merchant has open positions that need to be consolidated or bought out.

Lease / Rent Verification

May be requested to verify business location stability for physical retail businesses.

Note

Legend Funding requests only the documents needed to evaluate deals responsibly.
We do not ask for “nice-to-have” documents that slow down the submission process.
Only essential documentation is required to keep the approval process efficient.
Our goal is to streamline submissions—no unnecessary paperwork.
Submit what’s required; extra documents won’t speed up your deal.

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Frequently asked Questions

1. What types of businesses qualify for funding from Legend Funding?

Any U.S.-based small or medium-sized business with consistent revenue can qualify. We work with retail, restaurants, trucking, e-commerce, healthcare, construction, salons, professional services, and more. Even if your credit isn’t perfect, we can still help as long as you have steady monthly deposits.

2. How fast can I receive the funds after applying?

Most clients receive approvals within a few hours and funding within 24–48 hours once documentation is submitted. We specialize in quick, simplified underwriting so business owners can solve cash-flow needs without waiting weeks

3. Will applying affect my credit score?

No. Our initial application uses a soft credit pull, which does not impact your credit score. Only after you accept the offer do we complete a full verification.

4. What documents do I need to get started?

We only require a few basics:
– Last 3–6 months of business bank statements
– A valid ID
– Voided check / basic business details
No long paperwork, tax returns, or complex statements are needed for most approvals.

5. What can the funding be used for?

You can use Legend Funding for any business purpose, including:
– Inventory & equipment
– Marketing & expansion
– Payroll & operating expenses
– Emergency repairs
– Debt consolidation
– Cash-flow stabilization
We never restrict how you run your business.

6. What if I already have an existing loan or MCA?

No problem — many clients come to us while already working with another lender. We offer second-position, restructures, and consolidation options to improve cash-flow and reduce total daily/weekly stress.