Step-by-Step Submission Checklist

Ensure every submission is complete and accurate to maximize approval speed and reduce back-and-forth

Required for Initial Review

Ensure all necessary documents are complete and accurate to support a smooth review process

ISO Submission Form
Completed and signed
Bank Statements
Last 3–6 months (PDF format)
Owner Identification
Valid government-issued ID for all owners with 50%+ ownership
Banking Verification
Voided business check or bank letter
Business License / Registration
Current and active business license or registration document

May Be Requested

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

Proof of ownership (Articles of Inc/Org)

Lease or rent verification

Existing advance statements (if refinancing)

Merchant processing statements (if applicable)

Tax returns (business and/or personal)

Business insurance documentation

Checklist Best Practices

  • Label files clearly (e.g., ‘BusinessName_BankStmts_Jan-Mar.pdf’)
  • Include all required documents upfront to avoid stipulations and delays
  • Ensure all bank statement pages are included and legible
  • Verify that information on the submission form matches the documents

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Frequently asked Questions

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.
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
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.

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.

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.

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.