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Merchant Cash Advance (MCA)

What is a CASH ADVANCE?

A MCA is the purchase of a merchant’s future credit card receipts at a discount. Our cash advance program at PCBancard helps get merchants funding up to $100,000 in as little as 3 days. With no application fees, we can have up to 100% of their monthly sales funded. 

  • Access training on Cash Advances here.
  • Find Cash Advance Applications here.
  • Request personalized flyer from emma@pcbancard.com
BENEFITS
  • Non-traditional financing
  • No fixed payments
  • Payback only received through future credit card sales
  • Typical split between 15 & 20 % of merchant daily batches
  • Funds up to 1.5 times  your Visa/Mastercard monthly volume
STANDARD MINIMUM REQUIREMENTS
  • Minimum time in business: 1+ years
  • You keep a positive daily balance in the bank
  • No more than a total of 6 NSF's in a month on bank statement
  • Minimum of $3,500 or more more in monthly sales
  • FICO score of 500+
APPLICATION/FUNDING PROCESS
  • Application and documentation submitted to underwriting
  • Underwriting submits 3 options to you with all the information for payback
  • You pick which option fits you the best
  • Funds are deposited into your bank account
  • You then have up to 10 months to repay the funds
REQUIRED DOCUMENTS
  • MCA Application
  • Voided Check
  • Driver's License
  • 3 Months Processing Statements
  • 3 Months Bank Statements

BUSINESS LOANS

WHAT IS A BUSINESS LOAN?

Our merchant business loans are ideal for business owners seeking fixed, predictable payments on loans up to $1M. Funds up to 100% of monthly sales in little as 3 days with no application fee. 

 

BENEFITS:

  • Fixed, predictable payments
  • Funds up to 90% of monthly revenue
  • Minimal paperwork (we know, we hate it too.)
  • Standard, Preferred, and Select Loans available

 

STANDARD MIMINUM REQUIREMENTS:

  • Minimum time in business: 2+ years
  • You keep a positive daily balance in the bank
  • No more than a total of 6 NSF’s in a month on bank statement
  • Minimum of $10,00 or more more in monthly sales
  • FICO score of 600+

 

 

APPLICATION/FUNDING PROCESS:

  • Application and documentation submitted to underwriting
  • Underwriting submits 3 options to you with all the information for payback
  • You pick which option fits you the best
  • Funds are deposited into your bank account
  • You then have up to 10 months to repay the funds

 

REQUIRED DOCUMENTS:

  • MBL Application
  • Voided Check
  • Driver’s License
  • 3 Months Processing Statements
  • 3 Months Bank Statements