Second Position Merchant Cash Advance in Chino, CA
Mid-term on an advance and need more? A second position adds funding for Chino businesses; we shop the file to funding partners that accept them.
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?
The second position is a separate contract behind the first. In the worked example it adds $400 a day on top of the first debit.
How do funders decide?
The first contract, the statements since it funded and what every day's bank deposits leave once that debit clears.
How much can the second advance add?
What the bank deposits can carry after the first debit. The example adds $35,500 for a business depositing $142,000 a month.
Who in Chino uses a second position merchant cash advance?
Among these trades, trucking companies have the most locations in Chino: 245. California averages 26.2 employers per 1,000 residents; Chino has 31.6.
| Trade | Businesses in Chino | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Trucking companies | 245 | 25.3 | 3.3 |
| Restaurants | 148 | 15.3 | 15.4 |
| Online retailers | 87 | 9.0 | 1.6 |
What does a second position solve for trucking companies?
When an added truck or a new lane comes up before the payoff date, a trucking company can stack a second position. Census counts 245 in Chino; that's 25.3 per 10,000 people.
Is a second position right for 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. There are 148 here, 4.8% of the city's employers.
What does a second position do for online retailers here?
The case for a second advance: a bigger inventory buy before the holidays now, with inventory, shipping and ad spend already funded. Local count: 87, 5.6 times the national rate per resident.
How would the numbers look for a trucking company?
Sized for a trucking company: monthly deposits $142,000, first debit $628, second advance $35,500 at 1.42, combined debit $1,028 a day.
| Example item | Value |
|---|---|
| Monthly deposits (example) | $142,000 |
| First advance, daily debit | $628 |
| Second advance | $35,500 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $400 |
| Combined daily debit | $1,028 |
| Portion of a typical day's deposits | 15% |
What moves the price?
The combined $1,028 daily debit in the example is what funders price against; more room after the first debit means better terms. 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.
What does the San Bernardino County business base look like?
Measured per resident, Chino has 31.6 employers per 1,000 people and San Bernardino County has 19.1. In raw numbers, that is 3,061 in the city out of 42,571 in the county.
| Employees | Chino | San Bernardino County |
|---|---|---|
| Under 5 | 1,656 | 22,952 |
| 5 to 9 | 532 | 7,441 |
| 10 to 19 | 418 | 5,720 |
| 20 to 49 | 284 | 4,101 |
How do I start a second advance request from Chino?
- Fill out the short application with your current funder, balance and daily debit.
- We call to go over the first contract and what the account can carry.
- Sign and the second funder sends the money; the first advance continues as before.
When should you choose something else?
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. If revenue swings, revenue-based financing after the first advance ends can fit better.
Do we work with businesses near Chino?
Chino Hills is the closest, 4 miles away. Ontario is the largest business market within 50 miles, with 5,428 employers.
| City | Distance | Employers |
|---|---|---|
| Chino Hills, CA | 4 miles | 1,869 |
| Eastvale, CA | 5 miles | 676 |
| Ontario, CA | 6 miles | 5,428 |
| Montclair, CA | 7 miles | 1,028 |
Which second position merchant cash advance questions do Chino owners raise?
Which funder is paid first when two advances run?
The first funder. That order is why second positions are priced higher.
Can a 2nd position MCA be consolidated later?
Yes. Once both advances are running, a consolidation can replace them with one payment.
Can an online store qualify for a second position merchant cash advance?
Yes. An online store qualifies the same way as any business: funders read deposits, balance history and open advances, then make offers you can compare.
Shall we shop a second advance for your Chino 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.