Second Position Merchant Cash Advance in Clovis, CA
When the first advance isn't finished but the next need has arrived, a second position fills the gap for Clovis businesses. One application, several funders 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 is a second position merchant cash advance structured?
The deciding number is what an average day leaves after the first debit; with $109,000 in monthly bank deposits, that room sets the size of the second advance.
What do funders check?
Funders read the first contract, the statements since it funded and the deposits left after its withdrawal. Some first contracts restrict additional advances, so we check yours first.
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 withdrawal, $482 a day in the example, next to your bank deposits.
Which trades in Clovis benefit most?
Here is how the trades on this page are represented among Clovis' 2,169 employers. Employer density is 16.8 per 1,000 residents here, compared with 24.5 for the country.
| Trade | Businesses in Clovis | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 184 | 14.2 | 15.4 |
| Trucking companies | 58 | 4.5 | 3.3 |
| Beauty and nail salons | 50 | 3.9 | 3.4 |
Why would restaurants pick a second position?
The second position gives a restaurant room for a patio build-out or a second location while the first keeps running. Clovis counts 184 of them, 8.5% of local employers.
What does a second position do for trucking companies here?
A trucking company that took a first advance for diesel, maintenance, insurance and driver wages doesn't have to wait to fund an added truck or a new lane. Census counts 58 in Clovis; that's 4.5 per 10,000 people.
How do local beauty and nail salons use a second position?
Mid-term growth for a salon means new stations or a remodel; a second position pays for it. Clovis has 50 of them, 3.9 per 10,000 residents (U.S.: 3.4).
What is the cost for a restaurant?
Say a restaurant deposits $109,000 a month and already pays $482 a day on its first advance. A second position of $27,000 at a 1.38 factor rate adds $296 a day for six months. Until the first advance finishes, the account carries $778 a day, 15% of an average day's deposits.
| Sample figure | Value |
|---|---|
| Monthly deposits (example) | $109,000 |
| First advance, daily debit | $482 |
| Second advance | $27,000 |
| Second advance factor rate | 1.38 |
| Second advance, daily debit | $296 |
| Combined daily debit | $778 |
| Portion of a typical day's deposits | 15% |
What sets the cost?
Pricing follows risk: how much of every day's 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 big is Clovis' share of Fresno County?
Clovis holds 2,169 of the 19,144 employer companies in Fresno County, 11% of the county total. The county has 18.5 employers per 1,000 residents; the city has 16.8.
| Employees | Clovis | Fresno County |
|---|---|---|
| Under 5 | 1,134 | 9,934 |
| 5 to 9 | 390 | 3,455 |
| 10 to 19 | 310 | 2,757 |
| 20 to 49 | 216 | 1,949 |
What are the steps to get second position funding?
- Fill out the short application; mention the first contract's date.
- A broker calls to confirm how much room the deposits leave.
- You compare offers with the combined withdrawal beside each one, $778 a day in the example.
When does a second position merchant cash advance not fit?
If the goal is lower payments rather than new money, a second position works against you; consolidation is the better fit. If the first advance is nearly done, waiting for a new first-position advance can cost less.
Which towns around Clovis can apply?
Fresno is the closest, 7 miles away.
| City | Distance | Employers |
|---|---|---|
| Fresno, CA | 7 miles | 9,830 |
| Visalia, CA | 40 miles | 770 |
What do people ask about second position funding in Clovis?
Can I consolidate a second MCA later?
Yes. Once both advances are running, a consolidation can replace them with one payment.
What does a 2nd position MCA cost?
In the example, $27,000 at a 1.38 factor, so the payback is $37,260.
Do funders offer second advances to Clovis restaurants?
They do. With 184 restaurants in Clovis, funders see these files regularly; the offer depends on bank deposits and time in business, not on the trade alone.
Shall we compare offers on an added advance alongside the first for Clovis?
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.