Have you been contacted by LCF Group about a merchant cash advance balance? Here is who they are, what business owners are complaining about right now, and what to do if they are calling you, freezing your receivables, or threatening a lawsuit.
LCF Group at a glance
- Also known as: The LCF Group, Inc., formerly Last Chance Funding, Inc.
- What they do: Direct merchant cash advance funder, not a bank or a traditional lender
- Based in: 3000 Marcus Ave, Suite 2W15, New Hyde Park, NY 11042
- Phone: 888-499-2939, 9 am to 6 pm ET, Monday through Friday
- Where they sue: Typically New York, including Nassau County, even when the business is located in another state
- BBB status (as of August 2026): A+ rating, not BBB accredited
Struggling with your debt?
Who Is LCF Group?
The LCF Group is a New York merchant cash advance funder that provides working capital to businesses that banks turn down. It operated for years under the name Last Chance Funding, and older contracts and court filings may still show that name.
LCF funds advances directly rather than brokering them out. It focuses on higher-risk industries and business owners with damaged credit.
Is LCF Group Legitimate?
Yes. LCF Group is a real, established funding company that has been in business since 2011. Being legitimate is not the same as being affordable or easy to deal with after something goes wrong.
A merchant cash advance costs far more than a conventional business loan, and the terms that matter most are the ones that only apply once you fall behind: default fees, UCC rights, and how reconciliation requests are handled.
LCF Group Reviews and Complaints
As of August 2026, LCF Group holds an A+ rating with the Better Business Bureau but is not BBB accredited. Its customer review average is 4.56 out of 5 stars across 138 reviews.
Separately from reviews, BBB shows 44 complaints filed in the last three years, 18 of them in the last 12 months. Complaint volume alone does not tell you much, but the pattern does.
Recent complaints cluster around four themes:
- Default fees stacking fast. Business owners describe balances jumping by thousands within days of a missed or returned payment.
- Receivables frozen through payment processors. Complaints reference UCC notices sent to processors, which then hold the business’s revenue.
- Reconciliation requests going nowhere. Owners say they asked for payments to be adjusted to actual revenue and were told they had not met documentation requirements.
- Repeated calls to the wrong person. A large share of recent complaints come from people who never did business with LCF at all.
You can review the full complaint record yourself on the BBB profile, and you can search federal complaints in the CFPB Consumer Complaint Database.
Understanding How LCF Group Operates
LCF Group advances your business a lump sum today in exchange for a set slice of your future sales. Repayment comes out automatically, usually daily or weekly, straight from your bank account or card processing.
Because it is structured as a purchase of future receivables rather than a loan, it is not priced with an interest rate. The cost is built into a factor rate plus fees, and it does not shrink if you pay it off early.
Most agreements also include a UCC filing, which gives the funder a claim on your receivables. That is the mechanism behind most frozen-account complaints. For how that plays out, see what to do when an MCA company files a UCC lien against you.
What to Do If LCF Group Contacts You
If LCF Group is calling, emailing, or sending default notices, work through these steps in order.
- Confirm the contact is real. Verify the caller against the company’s published number before giving out any account or bank details.
- Pull your agreement. Find your funded amount, total repayment amount, factor rate, daily or weekly payment, default fee schedule, and reconciliation clause.
- Ask for a full ledger in writing. Request an itemized breakdown of every payment received and every fee added, with dates.
- Write everything down. Save emails and letters, and log every call with the date, time, and who you spoke to.
- Do not agree to anything verbally. Payment arrangements and releases should exist on paper before you sign or send money.
- Get advice before you default. Options narrow considerably once a UCC notice goes to your processor or a lawsuit is filed.
LCF Group Is Calling Me and I Never Took an Advance
This is one of the most common complaints filed against LCF Group. Phone numbers get reassigned, business records go stale, and people who have no connection to the account end up on the call list.
Ask in writing to be added to their internal do-not-call list, and keep a copy of that request. Log every call that comes after it, including the number that called and the time.
If calls continue, you can file a complaint with the Federal Trade Commission and with the New York Attorney General’s office, since LCF is based in New York.
Your Rights When Dealing with LCF Group
Merchant cash advances are treated as a purchase of future sales, not a loan. That means the consumer lending rules most people are familiar with do not apply, and oversight of MCA funders is thin.
You still have real protections. Some come from your contract, some from state law, and they vary by where your business operates.
- Fair dealing. An MCA company is expected to act in good faith and not misrepresent the terms of your agreement.
- Your contract’s reconciliation clause. If your agreement promises to adjust payments to your actual revenue, that promise is enforceable, and how a funder handles reconciliation requests can matter a great deal if the dispute ends up in court.
- The right to complain. You can file with the CFPB, the FTC, your state attorney general, or the BBB.
- The right to representation. You can bring in an attorney at any point, and there are real questions about whether some advances are structured as disguised loans. See our explanation of whether merchant cash advances are legal.
How to Request Reconciliation with LCF Group
Reconciliation is the clause that lets you ask for your payment to be resized when your revenue drops. It is the single most useful provision in most MCA agreements, and it is also the one funders most often say was not requested correctly.
Read your agreement for the exact procedure. Most require a written request, sent to a specific address or email, with supporting bank or processing statements attached.
Send it in writing even if you have already asked by phone, and keep proof of delivery. Requests made only over the phone are the ones that tend to disappear.
The Legal Side of LCF Group
Common Legal Issues with LCF Group
Disputes with LCF Group tend to start in one of a few places: how default fees were calculated, whether a reconciliation request was properly handled, or whether a UCC notice to a payment processor was appropriate.
Before you sign anything with any MCA company, know your total repayment amount, factor rate, holdback percentage, every fee, and exactly what triggers default. Keep the whole relationship in writing.
What Happens If You Are Sued by LCF Group?
LCF Group files collection suits in New York, often in Nassau County, and many MCA agreements let the funder sue there no matter where your business is located. Here is the general shape of the process.
- You are served. The complaint lays out what LCF says you owe and what it is asking the court to award.
- You respond. You typically have 20 to 30 days depending on the court. Missing this deadline is how most business owners lose.
- Discovery. Both sides exchange documents and information.
- Settlement talks. Most of these cases resolve before trial, though not always on the first offer.
- Trial and judgment. If it does not settle, a judge decides. A judgment against you sets the amount owed and opens the door to collection.
Do not wait for the deadline to get close. For a step-by-step walkthrough, read our guide on what to do when you are facing an MCA lawsuit in New York.
How to Negotiate with LCF Group
Whether you are trying to head off a lawsuit or restructure what you owe, these things improve your position.
- Decide what a good outcome looks like. Reducing the balance, resizing the daily payment, removing default fees, and releasing a UCC filing are different goals that call for different arguments.
- Get your paperwork together first. The agreement, the full payment history, the fee ledger, and your bank statements.
- Know your actual numbers. Being able to show what your business can genuinely afford each week carries more weight than saying it is too much.
- Stay professional. Clear and unemotional communication gets further than a confrontational one.
- Expect it to take time. A first refusal is common and is not the end of the conversation.
- Read any agreement before signing. Look specifically for what it releases you from and what it does not, and whether any UCC filing gets terminated.
If your business has already closed, the situation changes but the debt does not simply vanish. See what happens to a merchant cash advance when your business closes.
LCF Group Phone Number and Address
LCF Group can be reached at 888-499-2939, 9 am to 6 pm ET, Monday through Friday.
Their address is 3000 Marcus Ave, Suite 2W15, New Hyde Park, NY 11042.
How Tayne Law Group Can Help
A debt relief attorney can negotiate directly with LCF Group over what you owe, push back on default fees, and work toward releasing a UCC filing that is holding your receivables. If a lawsuit has already been filed, an attorney responds on your behalf before the deadline runs out.
Tayne Law Group has been resolving merchant cash advance debt since MCAs first became widespread. We were one of the first firms in the country to handle this kind of work, and we represent business owners nationwide. Learn more about how we handle merchant cash advance debt.
Your first phone consultation is free. Call 866-890-7337 or fill out our short contact form. We never share or sell your information, and all conversations are confidential.
Related MCA Funders
Struggling with your debt?
LCF Group FAQ
Is LCF Group the same as Last Chance Funding?
Yes. The LCF Group, Inc. was formerly known as Last Chance Funding, Inc. Older agreements and court filings may use either name.
Can LCF Group freeze my bank account?
An MCA company generally cannot freeze a bank account on its own. What it can do is send a UCC notice to your payment processor, which may hold your receivables, and it can pursue a judgment that opens the door to collection against your accounts.
What happens if I stop paying LCF Group?
Missed or returned payments can trigger default fees quickly, often within days. From there, an MCA company may notify your payment processor of its UCC filing and may file suit.
Does LCF Group sue business owners?
Yes. LCF Group files collection suits in New York, frequently in Nassau County. Many MCA agreements let the funder sue in New York regardless of where the business operates.
How do I stop LCF Group from calling me?
Ask in writing to be placed on their internal do-not-call list and keep a copy of the request. If calls continue, log each one and file a complaint with the FTC and the New York Attorney General’s office.
Can I negotiate my LCF Group balance?
Often, yes. Outcomes depend on your agreement, your payment history, your current revenue, and how far along collection has progressed.
Leslie H. Tayne, Esq. is a New York debt relief attorney and the founder of Tayne Law Group, P.C. With more than 25 years of experience, she focuses on consumer and business debt resolution, including merchant cash advance (MCA) debt, credit card debt, and small business debt. Leslie earned her J.D. from Touro Law Center and holds a B.A. in Public Affairs from SUNY Albany.
She is the author of Life & Debt: A Fresh Approach to Achieving Financial Wellness. A New York Super Lawyer from 2015 to 2024, Leslie is regularly quoted as a financial expert by CBS News, Forbes, The Wall Street Journal, CNBC, Consumer Reports, and other national outlets.