Second Position Merchant Cash Advance in Berkeley, CA
A Berkeley business partway through an advance can raise more with a second position, priced on what its bank deposits can carry after the first withdrawal. We shop the file for you.
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How does a second position merchant cash advance work?
A second position is an additional advance that sits behind one you already have. The first funder keeps its debit, and the second funder adds its own.
How do funders decide?
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.
What room does the first advance leave?
Funders subtract the first withdrawal from an average day's deposits. In the example, $464 already goes out every day before the second funder is paid.
Which Berkeley businesses is a second position merchant cash advance built for?
Here is how the trades on this page are represented among Berkeley's 3,564 employers. Of them, 56% employ fewer than five people, and 322 employ 20 to 49.
| Trade | Businesses in Berkeley | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 296 | 24.3 | 15.4 |
| Residential remodelers | 64 | 5.2 | 3.9 |
| Clothing and accessories stores | 40 | 3.3 | 3.5 |
What does a second position solve for restaurants?
When a patio build-out or a second location comes up before the payoff date, a restaurant can stack a second position. Local count: 296, 1.6 times the national rate per resident.
Is a second position right for residential remodelers?
First advance spent on materials, subcontractors and crew payroll? A remodeling company can still fund a second crew or bigger contracts with a second position. Berkeley has 64 of them, 5.2 per 10,000 residents (U.S.: 3.9).
What does a second position do for clothing and accessories stores here?
The case for a second advance: a second store or a bigger stockroom now, with inventory ordered a season ahead already funded. Census data lists 40 in the city.
How would the numbers look for a restaurant?
With monthly deposits of $105,000 and a first debit of $464, a restaurant adding a $31,500 second position at 1.42 would carry $819 a day in total for six months.
| Worked example | Value |
|---|---|
| Monthly deposits (example) | $105,000 |
| First advance, daily debit | $464 |
| Second advance | $31,500 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $355 |
| Combined daily debit | $819 |
| Portion of a typical day's deposits | 16% |
What moves the price?
Compare second-position quotes on total payback and on the combined daily debit. Try your own numbers in the stacked payment calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
Where in Berkeley do these trades cluster?
The largest ZIP by employer count is 94710, with 955; restaurants lead it with 35 locations.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 94710 | 955 | Restaurants | 35 |
| 94704 | 940 | Restaurants | 144 |
| 94702 | 471 | Restaurants | 34 |
| 94707 | 404 | Restaurants | 31 |
| 94703 | 340 | Restaurants | 13 |
| 94709 | 340 | Restaurants | 46 |
How do Berkeley owners get a second advance on top of the first?
- Start the form and note the first advance's debit ($464 a day in the example).
- We read the first contract for any limits on a second position.
- Sign and the second funder sends the money; the first advance continues as before.
When is a second position merchant cash advance the wrong choice?
If revenue swings, revenue-based financing after the first advance ends can fit better. If the first advance is nearly done, waiting for a new first-position advance can cost less.
Do we work with businesses near Berkeley?
El Cerrito is the closest, 4 miles away. Oakland is the largest business market within 50 miles, with 10,852 employers.
| City | Distance | Employers |
|---|---|---|
| El Cerrito, CA | 4 miles | 504 |
| Richmond, CA | 7 miles | 2,115 |
| San Pablo, CA | 7 miles | 262 |
| Oakland, CA | 8 miles | 10,852 |
What do owners ask about second advance costs and terms?
How soon can I get a second MCA after the first?
Funders want to see several weeks of on-time withdrawals on the first advance before they place a second.
How much more does a 2nd position MCA cost?
The factor rate sits above first-position pricing; the example uses 1.42. The exact number depends on the room left after the first debit.
Are residential remodelers in Berkeley 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.
Want a broker to shop a second advance on top of the first for your Berkeley file?
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.