Second Position Merchant Cash Advance in Brea, CA
A Brea business partway through an advance can raise more with a second position, priced on what its deposits can carry after the first debit. We shop the file for 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.
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 withdrawal, and the second funder adds its own.
What goes into the funder's review?
The first advance's balance and debit, statements since it funded, and whether its contract allows a second position. With a first debit of $402 a day, room in deposits decides the size.
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 debit, $402 a day in the example, next to your bank deposits.
Who is a second position merchant cash advance for in Brea?
Here is how the trades on this page are represented among Brea's 1,589 employers. The city has 33.6 employers per 1,000 residents, against 26.2 across California and 24.5 nationally.
| Trade | Businesses in Brea | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 83 | 17.6 | 15.4 |
| Clothing and accessories stores | 56 | 11.8 | 3.5 |
| Beauty and nail salons | 28 | 5.9 | 3.4 |
How does a second position fit restaurants?
First advance spent on food deliveries, line-cook payroll and equipment upkeep? A restaurant can still fund an outdoor seating area or new kitchen line with a second position. In the city, 83 operate, or 5.2% of employer businesses.
Why do Brea clothing and accessories stores use a second position?
The case for a second advance: a holiday inventory order or a second storefront now, with inventory ordered a season ahead already funded. Local count: 56, 3.4 times the national rate per resident.
How do local beauty and nail salons use a second position?
Retail product, chairs and stylist pay took the first advance; new stations or a remodel can take the second. Locally, 28 operate, 1.7 times the U.S. rate.
How do the numbers work out for a restaurant?
Here a restaurant already paying $402 daily adds $32,000 in second position at 1.42, bringing its daily total to $763 on deposits of $91,000 a month.
| Worked example | Value |
|---|---|
| Monthly deposits (example) | $91,000 |
| First advance, daily debit | $402 |
| Second advance | $32,000 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $361 |
| Combined daily debit | $763 |
| Share of an average day's deposits | 18% |
What makes an offer cheaper?
Pricing follows risk: how much of every day's bank deposits the first funder already takes, and how the account has run since that advance funded. Check other amounts with the stacked payment calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
How do Brea employers compare with the rest of Orange County?
The city accounts for 1% of employers in Orange County. By size, 282 city firms employ 5 to 9 people, compared with 16,854 across the county.
| Employees | Brea | Orange County |
|---|---|---|
| Under 5 | 832 | 63,629 |
| 5 to 9 | 282 | 16,854 |
| 10 to 19 | 196 | 12,228 |
| 20 to 49 | 152 | 8,772 |
How do I start a second advance request from Brea?
- Send the application and the details of your first advance, such as a withdrawal of $402 a day.
- A broker phones to confirm the amount and read the first contract's terms.
- You pick the offer whose combined withdrawal your deposits can carry, then sign.
Who should skip a second position merchant cash advance?
Skip it when the first debit already takes a heavy share of bank deposits. Consolidating first, or waiting until the first advance is mostly paid back, leaves more room. If revenue swings, revenue-based financing after the first advance ends can fit better.
Which cities within 50 miles of Brea do we serve?
Placentia sits 3 miles from Brea. Fullerton counts 4,099 employer companies, the most within 50 miles.
| City | Distance | Employers |
|---|---|---|
| Placentia, CA | 3 miles | 1,279 |
| Fullerton, CA | 5 miles | 4,099 |
| La Habra, CA | 5 miles | 823 |
| Yorba Linda, CA | 6 miles | 1,599 |
What do owners ask about second advance costs and terms?
Can any type of business get 2nd position funding?
Yes. A restaurant is judged like any business: bank deposits, the first withdrawal and the room left between them.
What happens to a second MCA when the first is paid off?
The account then carries only the second withdrawal, $361 a day in the example, until it's repaid.
Are clothing and accessories stores in Brea eligible for a second position merchant cash advance?
Many are, because they run on daily card receipts from the floor. Funders still decide each file on bank deposits and time in business.
Want offers on a second position merchant cash advance for your Brea business?
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.