Second Position Merchant Cash Advance in Concord, CA
If your Concord 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.
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How does a second position merchant cash advance work?
Two advances, two debits: the second funder's $28,500 in the example is collected alongside the first until each contract is complete.
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 withdrawal of $420 a day, room in bank deposits decides the size.
How long do both debits overlap?
Until the first advance finishes. In the meantime, the account carries $741 a day, so the review checks that deposits cover it.
Which Concord businesses is a second position merchant cash advance built for?
Among these trades, restaurants have the most locations in Concord: 206. The city has 25.0 employers per 1,000 residents, against 26.2 across California and 24.5 nationally.
| Trade | Businesses in Concord | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 206 | 16.7 | 15.4 |
| Residential remodelers | 100 | 8.1 | 3.9 |
| Clothing and accessories stores | 57 | 4.6 | 3.5 |
How does a second position fit restaurants?
Second positions let a restaurant keep food orders, payroll and kitchen repairs covered and still fund a patio build-out or a second location. There are 206 here, 6.7% of the city's employers.
Why do Concord residential remodelers use a second position?
Mid-term growth for a remodeling company means a larger job or another crew; a second position pays for it. The city counts 100, at 2.1x the U.S. density.
How do local clothing and accessories stores use a second position?
First advance spent on inventory ordered a season ahead? A clothing store can still fund a second store or a bigger stockroom with a second position. Locally, 57 operate, 1.3 times the U.S. rate.
What does a worked example of a second position merchant cash advance look like?
With monthly deposits of $95,000 and a first debit of $420, a restaurant adding a $28,500 second position at 1.42 would carry $741 a day in total for six months.
| Example item | Value |
|---|---|
| Monthly deposits (example) | $95,000 |
| First advance, daily debit | $420 |
| Second advance | $28,500 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $321 |
| Combined daily debit | $741 |
| Percent of daily deposits | 16% |
How do you compare offers?
Second positions cost more than first positions because the second funder sits behind the first. Funders price from how much room your bank deposits leave after the first debit. For your own numbers, use the stacked payment calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
Where in Concord do these trades cluster?
Restaurants lead ZIP 94520, at 153 of its 2,028 employers.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 94520 | 2,028 | Restaurants | 153 |
| 94521 | 655 | Restaurants | 49 |
| 94518 | 508 | Residential remodelers | 23 |
| 94519 | 330 | Dentists' offices | 34 |
How do I start a second advance request from Concord?
- Start the form and note the first advance's debit ($420 a day in the example).
- We call to go over the first contract and what the account can carry.
- You pick the offer whose combined withdrawal your deposits can carry, then sign.
What else should you consider?
Skip it when the first withdrawal 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 nearby cities do we also cover?
Pleasant Hill is the closest, 4 miles away. Walnut Creek is the largest business market within 50 miles, with 2,779 employers.
| City | Distance | Employers |
|---|---|---|
| Pleasant Hill, CA | 4 miles | 1,115 |
| Walnut Creek, CA | 5 miles | 2,779 |
| Pittsburg, CA | 6 miles | 422 |
| Lafayette, CA | 9 miles | 815 |
What do owners ask about second advance costs and terms?
Will my first MCA funder know about a second advance?
Your bank statements show the first debit, and the second funder reviews it. Some first contracts restrict additional advances, so we check yours before shopping the file.
What does a 2nd position MCA cost?
In the example, $28,500 at a 1.42 factor, so the payback is $40,470.
Can a clothing store qualify for a second position merchant cash advance?
Yes. A clothing store qualifies the same way as any business: funding partners read deposits, balance history and open advances, then make offers you can compare.
Want a broker to shop a second-position advance for your Concord file?
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.