Platinum Choice Bancard Merchant Cash Advance Program
Turn Your Future Credit Card Sales Into Cash Today!
Platinum Merchant Capital
It’s easier than ever to get the cash you need to build your business. The Platinum Choice Bancard Merchant Capital program helps you by turning your future credit card sales into working capital. Imagine what that could mean for your business. You can upgrade or purchase new equipment, make renovations, expand your business, purchase inventory and much more.
Benefits for Business
With a simple, application form and no application fees, you can make use of cash advance funds in as little as 3-5 days. We qualify your business for an advance amount based on your average monthly Visa/MasterCard processing. Rather than make set payments on a monthly basis, you agree to have a small percentage of your daily credit card sales withheld to repay the cash advance. This percentage is automatically taken from your daily credit card processing settlements with Platinum Choice Bancard.
You have complete flexibility on putting your cash advance funds to work:
- Website Development
- Working Capital
- Replenish Inventory
- Upgrade Equipment
- Advertise / Promotions
- Get approved quickly with minimal documentation required
- High approval rates
- Receive funds in as little as 3-5 days
- Repay the advance daily through your merchant processing
- Opportunity to renew your cash advance for additional funds
- Signed application
- Six most recent merchant processing statements
- Two most recent bank statements. All pages are required.
- Copy of state-issued driver’s license or passport
The advance can be used for any legitimate expense to help grow your business.
Payments are taken directly from your daily MasterCard and Visa credit card deposits. The daily withhold percentage is based on your credit card volume. (Typically ranging between 10% to 20%)
There is no penalty for paying off the balance early.
Yes, credit card processing must go through Platinum Choice Bancard.
Call the Platinum Choice Bancard customer service team at 1-973-324-2251 or email firstname.lastname@example.org
Platinum Choice Bancard, LLC is a registered ISO of Fifth Third Bank, Cincinnati, OH and is a registered ISO of Wells Fargo Bank, N.A., Walnut Creek, CA. American Express may require separate approval.