Second Position Merchant Cash Advance in Anchorage, AK
Second position merchant cash advances let Anchorage owners raise more capital while a first advance is still running. We send one file to the funding partners that take them and compare the quotes with you.
A nationwide broker headquartered in Los Angeles. Free to apply, you never pay us a fee, and we call back, usually the same business day.
What should an Anchorage owner know about how it works?
A second position merchant cash advance is a new advance taken while a first one is still being paid back; in the example below, the first takes $411 a day and the second adds its own debit.
What does a funder need to see?
Funders read the first contract, the statements since it funded and the bank deposits left after its debit. Some first contracts restrict additional advances, so we check yours first.
Which funders take second positions?
Only those that place behind an existing advance, and we send the file to them alone. They read the first funder's withdrawal, $411 a day in the example, next to your bank deposits.
Which Anchorage trades does a second position merchant cash advance suit?
Anchorage's 7,315 employer businesses include the trades below, each shown with its local count. Employer density is 25.5 per 1,000 residents here, compared with 24.5 for the country.
| Trade | Businesses in Anchorage | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 353 | 12.3 | 15.4 |
| Residential remodelers | 133 | 4.6 | 3.9 |
| Landscaping companies | 97 | 3.4 | 3.4 |
When do restaurants reach for a second position?
The second position gives a restaurant room for an outdoor seating area or new kitchen line while the first keeps running. In the city, 353 operate, or 4.8% of employer businesses.
Why do Anchorage residential remodelers use a second position?
Second positions let a remodeling company keep materials, subcontractors and crew payroll covered and still fund a larger job or another crew. The city counts 133, at 1.2x the U.S. density.
Why would landscaping companies pick a second position?
Growth for a landscaping company looks like another crew or truck before spring. A second position pays for it mid-term. Anchorage counts 97 of them, 1.3% of local employers.
How would the numbers look for a restaurant?
A restaurant bringing in $93,000 a month already pays its first funder $411 a day. Taking $28,000 in second position at 1.38 adds $307, for $718 a day combined until the first advance is done.
| Worked example | Value |
|---|---|
| Monthly deposits (example) | $93,000 |
| First advance, daily debit | $411 |
| Second advance | $28,000 |
| Second advance factor rate | 1.38 |
| Second advance, daily debit | $307 |
| Combined daily debit | $718 |
| Percent of daily deposits | 16% |
Which numbers decide the cost?
The 1.38 factor in the example reflects second-position risk. More room after the first debit, and a first advance that is mostly repaid, bring it down. Run your figures in the stacked payment calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
Which ZIP codes stand out for these trades?
Restaurants lead ZIP 99501, at 71 of its 1,281 employers.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 99501 | 1,281 | Restaurants | 71 |
| 99518 | 932 | Auto repair shops | 32 |
| 99515 | 851 | Restaurants | 62 |
| 99507 | 755 | Restaurants | 32 |
| 99508 | 753 | Physicians' offices | 158 |
| 99577 | 500 | Restaurants | 22 |
How do I apply for a 2nd position MCA in Anchorage?
- Fill out the short application; mention the first contract's date.
- A broker calls to review the first contract and the deposits left after its debit.
- You compare offers with the combined withdrawal beside each one, $718 a day in the example.
What else should you consider?
If the first advance is nearly done, waiting for a new first-position advance can cost less. If you need lower payments rather than more capital, consolidation is the better fit.
Do we cover businesses outside Anchorage?
Yes. We're a nationwide broker, so files from across Alaska and every other state go to the same funding partners and get the same review.
What should Anchorage businesses know about second position MCAs?
Does the first funder find out about a second MCA?
Your statements show the first debit, and the second funder reviews it. Some first contracts restrict additional advances, so we check yours before shopping the file.
Can a 2nd position MCA hurt my first advance?
No, as long as the first contract allows it and both withdrawals clear. We read the first contract before shopping the file.
Are residential remodelers in Anchorage eligible for a second position merchant cash advance?
Many are, because they run on homeowner deposits and draw payments. Funders still decide each file on bank deposits and time in business.
Ready to compare offers on a second position merchant cash advance in Anchorage?
Applying is free, and you never pay us a fee. Call 877-FUND-654 with any question. We call back, usually the same business day, and we talk with you before your file goes to any funder.