Founded in 2013, Legend Funding is a financial service provider for small businesses. This company is based in New York, and has the alternative business name of ‘Legend Advance Funding II’. The products that it offers are business cash advance, revenue-based financing, and merchant cash advances. The major industries which this company serves are restaurants, retail clothing, hotels, personal services, automotive sales & services, grocery franchises, fitness centers, OTR Trucking companies, and cosmetics.
With Legend Funding, the business performance of approaching prospective borrowers is vital to them achieving approval for a working capital loan. The personal credit score is not a substantial criterion here. Finances and personal credits can be stabilized using any cash amount availed as a working capital loan. The Business Cash Advance lent by the company ranges from $5,000 to $500,000. The interest rate of loans depends on advance term, credit history, current performance, credit score, and advance amount. The term for repayment ranges from 4 to 24 months.
In April 2019, Trustpilot ranked this company 194 out of the total 350 institutions it had listed in the category of non-bank finance. Its TrustScore is 9 out of 10. Better Business Bureau (BBB) has accredited it and awarded an A+ rating.