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BankCard Central is your full-service merchant service provider.

Since 1992, thousands of businesses have chosen us for credit card processing solutions, ecommerce services and business capital. We have built our company on long-term customer relationships and countless referrals. When you choose BankCard Central, you’re assured the very best service and the most competitive pricing available. We Guarantee It.

 
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Home >> Business Capital >>

Business Cash Advance Amounts

Cash Advance Amounts are based on the average monthly MasterCard and VISA sales and the merchant’s need for capital, limited by the merchant’s ability to pay back the advance in no more than 6 months and no more than a 20% holdback percentage.

EXAMPLE: Merchant averages $10,000 per month in MasterCard and VISA sales and needs to borrow $12,500 for capital improvements. Payment Example.

Cash Advance Payback is calculated by multiplying the total Advance Amount by 1.30, then dividing by 6 [number of months to payback] to determine the monthly amount of MasterCard and VISA receivables that need to be collected.

 

 

Daily Reports allows you to monitor your credit card processing and the status of receivable distribution.

Target Businesses are those with solid monthly credit card sales. The business must have at least four (4) months of MasterCard and Visa Sales with a minimum of $4,000 per month.

Cash Advance Funding occurs after your two batches have been processed after the cash advance is approved.

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.

Related Topics:

  • Apply for a Merchant Cash Advance
  • Business Cash Advance Benefits
  • Compare a Business Cash Advance
  • How Much Can I Get?
  • How Do Business Cash Advances Work?
  • Business Cash Advances
  • Working Capital Finance for Businesses
  • Small Business Resources


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