Second Position Merchant Cash Advance in Beverly Hills, CA
If your Beverly Hills business is partway through one advance and needs more, a second position merchant cash advance adds capital on top of it. One application reaches funding partners that accept second positions.
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.
How does a second position merchant cash advance work?
Because the two payments run side by side, the review centers on what is left of an average day's bank deposits once the first funder is paid.
What goes into the funder's review?
How much of $91,000 in monthly bank deposits remains once the first funder is paid, and whether the account has stayed positive since the first advance.
How long do both debits overlap?
Until the first advance finishes. In the meantime, the account carries $662 a day, so the review checks that deposits cover it.
Which Beverly Hills trades does a second position merchant cash advance suit?
Among these trades, restaurants have the most locations in Beverly Hills: 125. California averages 26.2 employers per 1,000 residents; Beverly Hills has 171.9.
| Trade | Businesses in Beverly Hills | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 125 | 40.6 | 15.4 |
| Clothing and accessories stores | 123 | 40.0 | 3.5 |
| Beauty and nail salons | 112 | 36.4 | 3.4 |
How does a second position fit restaurants?
Growth for a restaurant looks like a patio build-out or a second location. A second position pays for it mid-term. That trade has 125 locations here (40.6 per 10,000 residents).
Why do Beverly Hills clothing and accessories stores use a second position?
A clothing store that took a first advance for stock buys, fixtures and floor staff doesn't have to wait to fund a holiday inventory order or a second storefront. Beverly Hills has 123 of them, 40.0 per 10,000 residents (U.S.: 3.5).
How do local beauty and nail salons use a second position?
When new stations or a remodel comes up before the payoff date, a salon can stack a second position. Census counts 112 in Beverly Hills; that's 36.4 per 10,000 people.
What does a second position merchant cash advance cost in a real example?
A restaurant bringing in $91,000 a month already pays its first funder $402 a day. Taking $23,000 in second position at 1.42 adds $259, for $662 a day combined until the first advance is done.
| Sample figure | Value |
|---|---|
| Monthly deposits (example) | $91,000 |
| First advance, daily debit | $402 |
| Second advance | $23,000 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $259 |
| Combined daily debit | $662 |
| Portion of a typical day's deposits | 15% |
What moves the price?
The combined $662 daily withdrawal in the example is what funders price against; more room after the first withdrawal means better terms. The stacked payment calculator lets you test other amounts.
Free to apply. You never pay us a fee. We call back, usually the same business day.
What does the Los Angeles County business base look like?
Beverly Hills holds 5,288 of the 304,988 employer businesses in Los Angeles County, 2% of the county total. The county has 31.5 employers per 1,000 residents; the city has 171.9.
| Employees | Beverly Hills | Los Angeles County |
|---|---|---|
| Under 5 | 3,921 | 194,117 |
| 5 to 9 | 669 | 44,699 |
| 10 to 19 | 349 | 31,163 |
| 20 to 49 | 231 | 21,960 |
What are the steps to get second position funding?
- Start the form and note the first advance's debit ($402 a day in the example).
- We check the request against monthly deposits of $91,000 in the example.
- Offers come back from funding partners that take second positions, each with the combined daily debit shown.
What are the alternatives to a second position merchant cash advance?
If the first advance is nearly done, waiting for a new first-position advance can cost less. If the two withdrawals would take too much of an average day's bank deposits, a second position adds strain. In that case consolidation replaces the advances with one lower payment.
Do we work with businesses near Beverly Hills?
From Beverly Hills, West Hollywood is 2 miles out. Within 50 miles, Los Angeles has the most employers: 128,109.
| City | Distance | Employers |
|---|---|---|
| West Hollywood, CA | 2 miles | 1,781 |
| Los Angeles, CA | 4 miles | 128,109 |
| Culver City, CA | 5 miles | 2,374 |
| Santa Monica, CA | 7 miles | 7,189 |
What should Beverly Hills businesses know about second position MCAs?
Is a second MCA slower to fund than the first?
A little, since funders read the first contract too. A complete file keeps that extra review short.
When can I apply for a 2nd position MCA?
Funders want to see several weeks of on-time withdrawals on the first advance before they place a second.
Do Beverly Hills clothing and accessories stores qualify for a second position merchant cash advance?
Yes. Beverly Hills has 123 clothing and accessories stores, and any of them can apply; funders decide from deposits, time in business and open advances, and we show you every offer.
Ready to see numbers on a second-position advance for Beverly Hills?
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.