Second Position Merchant Cash Advance in Chino Hills, CA
A Chino Hills 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 is a second position merchant cash advance structured?
Funders look at how much room the first debit leaves in your deposits: the business has to carry both payments on an ordinary day.
What do funders check?
With monthly deposits of $106,000 in the example, funding partners check what the account can carry once the first withdrawal clears.
How long do both debits overlap?
Until the first advance finishes. In the meantime, the account carries $829 a day, so the review checks that deposits cover it.
Who is a second position merchant cash advance for in Chino Hills?
Restaurants lead the trades below with 147 locations in Chino Hills, a city of 1,869 employer businesses. Of the city's employers, 127 have 20 to 49 people on payroll.
| Trade | Businesses in Chino Hills | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 147 | 19.0 | 15.4 |
| Trucking companies | 122 | 15.7 | 3.3 |
| Beauty and nail salons | 44 | 5.7 | 3.4 |
Why do Chino Hills restaurants use a second position?
The second position gives a restaurant room for a patio build-out or a second location while the first keeps running. There are 147 here, 7.9% of the city's employers.
How do local trucking companies use a second position?
Diesel, maintenance, insurance and driver wages took the first advance; another truck or trailer can take the second. Census counts 122 in Chino Hills; that's 15.7 per 10,000 people.
What does a second position do for beauty and nail salons here?
When more chairs or a treatment room comes up before the payoff date, a salon can stack a second position. In the city, 44 operate, or 2.4% of employer companies.
How much does a second position merchant cash advance cost a restaurant?
Sized for a restaurant: monthly deposits $106,000, first debit $469, second advance $32,000 at 1.42, combined debit $829 a day.
| Worked example | Value |
|---|---|
| Monthly deposits (example) | $106,000 |
| First advance, daily debit | $469 |
| Second advance | $32,000 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $361 |
| Combined daily debit | $829 |
| Portion of a typical day's deposits | 16% |
What makes an offer cheaper?
A first advance that is mostly repaid makes a second position cheaper, because less sits ahead of the second funder. 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.
How big is Chino Hills' share of San Bernardino County?
Measured per resident, Chino Hills has 24.1 employers per 1,000 people and San Bernardino County has 19.1. In raw numbers, that is 1,869 in the city out of 42,571 in the county.
| Employees | Chino Hills | San Bernardino County |
|---|---|---|
| Under 5 | 1,284 | 22,952 |
| 5 to 9 | 236 | 7,441 |
| 10 to 19 | 177 | 5,720 |
| 20 to 49 | 127 | 4,101 |
What steps get a Chino Hills file to second position funders?
- Apply in about five minutes and list the advance you already have.
- We read the first contract for any limits on a second position.
- Each offer shows its factor rate; the example uses 1.42.
When is another option better?
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 work with businesses near Chino Hills?
Closest on the list: Chino, 4 miles away. Largest: Anaheim, 8,792 employers.
| City | Distance | Employers |
|---|---|---|
| Chino, CA | 4 miles | 3,061 |
| Yorba Linda, CA | 5 miles | 1,599 |
| Anaheim, CA | 6 miles | 8,792 |
| Diamond Bar, CA | 7 miles | 1,529 |
Which 2nd position MCA questions do Chino Hills owners ask first?
How big can a 2nd position MCA be?
Funders size it from the bank deposits left after the first debit, so it's smaller than the first advance in most files.
Does the first funder find out about a second MCA?
Your bank statements show the first withdrawal, and the second funder reviews it. Some first contracts restrict additional advances, so we check yours before shopping the file.
Do Chino Hills beauty and nail salons qualify for a second position merchant cash advance?
Yes. Chino Hills has 44 beauty and nail salons, and any of them can apply; funders decide from bank deposits, time in business and open advances, and we show you every offer.
Want quotes on a second advance for your Chino Hills firm?
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.