Advanced ATM Systems LLC | Application Preview
Advanced ATM Systems LLC is seeking government grants to enhance its operations by acquiring new ATMs and providing cash replenishment for businesses struggling post-COVID-19. The company aims to secure $20,000 to purchase ten new ATMs for small businesses that can no longer maintain their machines due to financial challenges. An additional $30,000 will be allocated for cash replenishment in these ATMs, with the cash withdrawn being deposited back into the company’s bank account the next business day.
The business plan highlights the significant impact of the pandemic on small businesses like bars, restaurants, and corner markets, many of which are unable to operate their own ATMs due to cost and cash flow limitations. Advanced ATM Systems proposes to offer compliant new ATMs with maintenance and cash stocking included at no additional cost. The company plans to share withdrawal fees with the businesses, making this an attractive option for them.
With over 20 years of experience and 275 active locations, Advanced ATM Systems emphasizes its strong track record and expertise in cash replenishment. The application points out a growing need for such services among small businesses facing liquidity issues.
In terms of competition, the company faces substantial rivals like Nationwide Processing, Action ATM, and Kahuna ATM, which operate a combined total of over 3,700 locations in the St. Louis region. However, Advanced ATM Systems differentiates itself through personalized customer service and immediate support. Clients benefit from direct access to the owner for any technical issues or inquiries, which stands in contrast to competitors' often automated and impersonal customer service. With a commitment to quick response times and maintaining replacement parts inventory, the company aims to provide a superior customer experience, ensuring that clients are not left navigating lengthy support systems or unfamiliar technicians.
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General Information
Business Registration Number: 43-1888195
Location: Hazelwood, MO, United States
Length of Operation: 20
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
20,000 to purchase 10 new ATMs which will be placed in businesses which can no longer operate their own ATM(s) due to financial restraints or personnel changes. 30,000 to be used for cash replenishment in these machines. The cash withdrawn is transferred back into my business bank account the following business day via ACH deposit.
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Business Plan
Due to Covid 19, many small businesses, (i.e. bars, restaurants, bowling alleys, corner markets) will no longer be able to afford to operate their own ATMs. This is especially true for those that own outdated, older ATMs. Even if they have newer machines, they may not have the cash to keep the machines stocked at all times. I will provide them with a new ATM that meets all compliance standards, stock the cash, provide all maintenance at no cost, and split the 3.00 withdrawal fee with them. I have been in business since May 2000 and have an excellent track record with the 275 locations that I provide processing and support to. I have previous experience in the cash replenishment segment of the business and hope to fill a need that will emerge for small businesses with cash flow challenges.
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Self Identified Competition
Nationwide Processing- 1500 locations in the St. Louis region, including many small chains. Action ATM-1000 locations in the St. Louis region, primarily in lower income areas. Kahuna ATM-1200 locations in St. Louis region, primarily corporate chains like Caseys, Mobil On The Run, ect. The main difference is my single point of contact appeal. Although I work through the same network providers as my competitors do (Cardtronics and Columbus Data), I provide hands on support for all my customers. They can reach me directly on my cell phone (even on weekends and evening hours) for technical support, changes to their account, customer disputes, and site visit requests. I normally respond (in person) within 24 hours if the ATM is down and carry most replacement parts. They do not have to deal with automated attendant mazes, lengthy hold times, and inexperienced support. Plus they don't have to worry about the qualifications or background of unfamiliar technicians who are sent to repair their ATM.
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Contact Applicant
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