Business Cash Advances From $20K to $3M for US Merchants. Decisions in as Little as 24 Hours, Funded in 24 to 48 hours.
You likely qualify for funding from Legend if your business has been operating for at least 3 months, deposits at least $20,000 per month in revenue, and holds an active US business checking account.
Personal credit is reviewed but is not the deciding factor. There is no strict minimum FICO score for most programs. We underwrite your business’s cash flow first, which is why we can consider businesses that may not qualify through traditional banks.
Requirement
Our minimum
Time in business
3 months
Monthly revenue
$20,000 or more
Personal credit score
No strict minimum FICO for most programs. Reviewed, not decisive
Business bank account
Active US business checking account required
Industry restrictions
Gambling, adult entertainment, and illegal services are not funded
Existing advance
Considered case by case. We review your current position and can consolidate or fund alongside existing obligations
Geographic coverage
All 50 states
You can still qualify if:
A business cash advance is upfront working capital you receive in exchange for selling a fixed dollar amount of your future revenue. It is a purchase of future receivables rather than a loan, which is why it carries no interest rate and no fixed monthly payment. Instead, you agree to one total repayment amount and remit it gradually as a small share of your daily or weekly deposits.
The practical difference from a loan is what happens when sales move. When your sales slow, your payments slow with them. When sales pick up, you finish sooner. The total dollar amount you owe never changes.
This product is also sold as a Merchant Cash Advance (MCA) or Revenue-based Financing. The mechanics are the same.
A business cash advance works in five steps, from application to first remittance:
We underwrite in-house, reviewing your deposits, average monthly revenue, deposit consistency, existing obligations, and industry. Approval decisions are generally available within 24 hours.
If approved, your offer shows the amount funded, the total amount to be repaid, your remittance amount, the payment frequency, and the estimated term. You see all of it before committing to anything.
Review the complete funding agreement before signing. A funding specialist can walk you through the terms and answer questions about the total cost, payment structure, fees, estimated term, and reconciliation process.
Once the agreement is completed and final approval requirements are satisfied, funds typically arrive in your business bank account within 24 to 48 hours of approval.
A business cash advance and a bank loan differ primarily in speed, and in what happens when revenue drops. A cash advance funds in days and flexes with your sales. A bank loan costs less but takes weeks and demands a fixed payment regardless of how your month went.
24 to 48 hours
2 to 8 weeks
2 to 7 days
Business cash flow
Credit, collateral, financials
Credit and revenue
Daily or weekly remittance
Fixed monthly
Fixed weekly or monthly
Depending on agreement and reconciliation terms
No
Generally no
No specific collateral
Usually
Sometimes
Fixed dollar cost / factor-based structure
Interest rate
Interest rate
Typically higher
Typically lower
Middle
Time-sensitive needs and businesses unable to qualify traditionally
Planned, lower-cost borrowing
Businesses seeking a middle ground
If you qualify for a bank loan and can wait several weeks for funding, it will generally be the less expensive option. A business cash advance may be more appropriate when timing is critical or traditional financing is unavailable.
A business cash advance is the right tool when the return on the capital is quick and the timing is tight. It is the wrong tool for long-term, low-margin borrowing.
On that last point, we review your current positions before we structure anything. If your daily deposits cannot carry another remittance, we will say so rather than fund you into trouble.
We fund merchants across most industries where revenue arrives through regular deposits.
Medical, dental and veterinary practices
Not sure whether you fit? Call 888-851-8859 or apply. Underwriting reviews every file individually.
Yes. Existing Legend customers may become eligible for additional funding based on their remaining balance, payment history, revenue, and current underwriting requirements.
Legend Funding is a direct funder, which means we make the decision and we provide the capital. Most companies advertising business funding are brokers who submit your file to funders like us and add a markup to your offer. Going direct removes that layer.
Your offer is the offer. There is no spread between what we price and what you are shown.
Total repayment, remittance amount, term and any fees — all in dollars, all before you sign.
One person who knows your business, reachable by phone.
Rated and reviewed on BBB, Third-party trust you can verify before you apply.
Your file is reviewed by the people who can approve it rather than passed down a chain. That is what makes 24-hour decisions possible.
No. A merchant cash advance is a purchase of a fixed dollar amount of your business’s future revenue, not a loan. You receive working capital upfront and remit an agreed total repayment amount through daily or weekly payments until the purchased amount is satisfied. Because it is a purchase rather than a loan, the cost is a fixed dollar amount instead of an interest rate.
Legend funds business cash advances from $20,000 to $3,000,000. Your amount is determined primarily by average monthly deposits, time in business, industry, and existing funding obligations.
Most approval decisions are issued within 24 hours of a complete application, with funds typically arriving in your business account 24 to 48 hours after approval. Submitting all requested documentation upfront is the single biggest factor in avoiding delays.
Two things: basic business information and recent business bank statements. No tax returns, business plan, or financial statements are required to receive an offer. The application takes about five minutes.
You remit a set amount by ACH from your business bank account until the total repayment amount is satisfied. Payments are made daily or weekly depending on your funding agreement, and depending on the program and reconciliation terms, remittances may reflect changes in business revenue. Your funding specialist walks you through the exact remittance amount, frequency, and reconciliation process before you sign.
The cost is a fixed dollar amount set when the agreement is made, calculated as the difference between what you receive and what you repay. Two offers with the same total cost can affect your business very differently depending on the estimated term, so compare the total repayment amount, the remittance, the term, and all fees together rather than the factor rate alone.
Yes, in many cases. Legend underwrites business cash flow first and reviews personal credit as one factor rather than the deciding one, which is why businesses declined by banks are often approved.
Not in practice. Any legitimate funder reviews some combination of business revenue, banking activity, existing obligations, and credit information before advancing capital. Offers advertised as requiring no credit check at all are a signal to read the agreement closely.
A business cash advance does not require specific business assets to be pledged as collateral, which is a primary difference from a bank term loan. Your funding agreement sets out any applicable security and guarantee requirements, and a funding specialist can review these with you before you sign.
Often, yes. Legend reviews your existing positions, remaining balances, current payment obligations, revenue, and total cash flow before determining whether an additional advance is appropriate. If combined remittances would strain your daily deposits, we will tell you rather than fund the position.
Apply in about five minutes with basic business details and 3–6 months of bank statements.
Once your complete application is reviewed, you can receive a funding decision within 24 hours. If approved and completed, funding typically arrives within 24 to 48 hours.
Before you commit, you will receive a written breakdown of the applicable total repayment amount, estimated term, remittance structure, and fees.
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