Merchant Cash Advance Programs for Businesses
BCC's Merchant Cash Advance Program is designed to provide qualified merchants ready access to capital to be used in increasing or improving their business. The Merchant Cash Advance is powered by several business cash advance companies and is based on the strength of the merchant's future credit card transactions. Having several cash advance companies allows for more opportunities for your business to get a cash advance. It is NOT a loan!
Your business can qualify! The growth of many businesses is stunted due to the lack of adequate cash to address critical and immediate needs. A merchant cash advance provides the cash needed to fuel success, such as advertising and marketing, equipment, inventory or invoice payments. You can leverage your future credit card sales for cash today.
What does your business need to grow?
- Marketing and Advertising
- Equipment or machinery
- Business Expansion
- Pay Payroll
- Additional Inventory
- Unpaid Invoice Payments
- Physical expansion
- Retire tax liens
Cash Advance Amount is based on the average monthly Credit Card sales and the merchant's need for capital.
Target Businesses are those with solid monthly credit card sales. There are some requirements that each business must meet.
We are a leader in merchant-focused cash management services. These services include; cash advances, fund management, vendor payments and check services. We provide merchant funds for businesses that are new or well established, large or small, traditional or Internet merchants.
Our management team has over 60 years combined experience in the retail and merchant industry. Our corporate offices are located in the historic River Market / City Market area of Kansas City, Missouri.
Many businesses fail due to the lack of available cash flow. This type of funding, called a merchant cash advance or business cash advance, allows you to sell future credit card sales at a discount and grow your business.
Here's How it Works
Our funding to merchants is achieved by a discounted purchase of your future credit card transactions for not more than six (6) months.
Your Cash Advance Amount is based on the average monthly MasterCard® and VISA® sales and your need for capital, measured by your businesses ability to pay back the advance in no more than 6 months at an average 20% holdback percentage.
For example, $13,000 of a merchant's future credit card transactions are purchased for a sum of $10,000, which is paid to the merchant up front for their working capital needs. Bankcard Central will then withhold a sufficient percentage of your MasterCard®/VISA® processing to collect and remit the $13,000 over a period of no more than 6 months. These funds are withheld prior to your receiving settlement, helping to ensure timely collection of the receivables.
Send Us Your Processing Statements for a FREE review and preliminary cash advance funding calculation. Our consultants will help you to determine if a Cash Advance is right for your business. There is no obligation.
Let's Get Started
You will need to complete our Merchant Cash Advance Application and furnish us the following required documentation for your complete Cash Advance application:
- Bankcard Central merchant processing application
- Merchant Cash Advance application
- Prior four (4) months' merchant processing statements
- Previous two year-end business financial statements or tax returns
- Copy of corporate or partnership documents (if applicable)
- Copy of your lease on your business premises
- Current personal financial statement(s) and tax return(s) on guarantors
- Copy of voided check from your bank account
- Photos of your business (include signage and interior) or copy of business license