Business Cash Advance Amounts
Cash Advance Amount is 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 has average $10,000 monthly MasterCard and VISA sales and needs to borrow $12,500 for capital improvements
| Example: A week's worth of Credit Card Sales and the resulting payments. |
|
Daily Credit Card Sales |
Percentage |
Daily Payment |
| Monday |
$474 |
18% of Credit Card Sales |
$85.32 |
| Tuesday |
$493 |
18% of Credit Card Sales |
$88.74 |
| Wednesday |
$407 |
18% of Credit Card Sales |
$73.26 |
| Thursday |
$469 |
18% of Credit Card Sales |
$84.42 |
| Friday |
$515 |
18% of Credit Card Sales |
$92.70 |
| Saturday |
$419 |
18% of Credit Card Sales |
$75.42 |
| Sunday (Closed) |
$0 |
18% of Credit Card Sales |
None |
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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.
Business Cash Advance Calculators
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.
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.
*In order to be eligible for the Cash Advance Program, qualified Merchants need to use BankCard Central for their credit card processing transactions.
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