Frequently Asked Questions

Find answers to common questions about Merchant Cash Advance services, application process, eligibility, and how Legion Commercial Finance LLC can help your business secure funding.

What is a Merchant Cash Advance (MCA)?

A Merchant Cash Advance is a financing option where businesses receive a lump sum payment in exchange for a percentage of future sales or receivables. It’s a flexible way to access working capital quickly.

How does the Merchant Cash Advance process work?

You submit an application with your business and financial details. We connect you to direct lenders who review your information and, if approved, provide funding. Repayment is made through a percentage of your daily sales.

Who is eligible to apply for an MCA?

Typically, small to medium-sized businesses with a steady stream of credit card or debit card sales are eligible. Specific lender requirements may vary.

What documents do I need to provide for pre-approval?

You’ll need to submit business information, bank statements, and financial documents. These help lenders assess your eligibility and determine your advance amount.

How long does it take to get approved for a Merchant Cash Advance?

Pre-approval can happen within a few days once all documents are submitted. Funding timelines vary but often occur shortly after approval and closing.

Are there any upfront fees or costs to apply?

No, submitting your application through us is completely free. We are paid by the lenders only after the loan closes.

How is repayment structured for an MCA?

Repayment is usually made through a fixed percentage of your daily sales until the advance and fees are fully paid.

Does Legion Commercial Finance LLC charge any fees directly?

No, we do not charge fees or accept payments from clients. Our compensation comes exclusively from lenders after a successful loan closing.

Is my personal and business information secure when I apply?

Yes. We use secure online forms and advanced security measures to protect your sensitive data and ensure your privacy.

What happens if my application is denied by the lender?

If a lender denies your application, you will be informed promptly. We can discuss other financing options or advise on improving eligibility for future applications.

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