Second Position Merchant Cash Advance in Culver City, CA
A second position merchant cash advance adds capital to a Culver City business already paying an advance, without waiting for the first to end. One application, several funding partners.
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.
What should a Culver City owner know about how it works?
The deciding number is what an average day leaves after the first withdrawal; with $87,000 in monthly bank deposits, that room sets the size of the second advance.
What will a funder ask for?
The first advance's balance and debit, statements since it funded, and whether its contract allows a second position. With a first debit of $385 a day, room in deposits decides the size.
How much can the second advance add?
What the deposits can carry after the first withdrawal. The example adds $30,500 for a business depositing $87,000 a month.
Who in Culver City uses a second position merchant cash advance?
Restaurants are the biggest of these trades locally, with 161 of the city's 2,374 employer businesses. Of them, 57% employ fewer than five people, and 211 employ 20 to 49.
| Trade | Businesses in Culver City | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 161 | 40.8 | 15.4 |
| Clothing and accessories stores | 46 | 11.7 | 3.5 |
| Beauty and nail salons | 25 | 6.3 | 3.4 |
How do local restaurants use a second position?
The second position gives a restaurant room for a second dining room or a catering kitchen while the first keeps running. Census data lists 161 in the city.
What makes clothing and accessories stores a fit?
Second positions let a clothing store keep inventory ordered a season ahead covered and still fund a pop-up shop or a larger holiday buy. Culver City counts 46 of them, 1.9% of local employers.
When do beauty and nail salons reach for a second position?
Growth for a salon looks like more chairs or a treatment room. A second position pays for it mid-term. Census counts 25 in Culver City; that's 6.3 per 10,000 people.
How do the numbers work out for a restaurant?
Here a restaurant already paying $385 daily adds $30,500 in second position at 1.42, bringing its daily total to $728 on deposits of $87,000 a month.
| Sample figure | Value |
|---|---|
| Monthly deposits (example) | $87,000 |
| First advance, daily debit | $385 |
| Second advance | $30,500 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $344 |
| Combined daily debit | $728 |
| Share of an average day's deposits | 18% |
Which numbers decide the cost?
A second funder is paid behind the first, so second positions are priced above first positions. The lower the combined debit is as a share of deposits, the better the offers. 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 Culver City's share of Los Angeles County?
Measured per resident, Culver City has 60.2 employers per 1,000 people and Los Angeles County has 31.5. In raw numbers, that is 2,374 in the city out of 304,988 in the county.
| Employees | Culver City | Los Angeles County |
|---|---|---|
| Under 5 | 1,357 | 194,117 |
| 5 to 9 | 371 | 44,699 |
| 10 to 19 | 280 | 31,163 |
| 20 to 49 | 211 | 21,960 |
How do I get 2nd position funding in Culver City?
- Fill out the short application; mention the first contract's date.
- A broker phones to confirm the amount and read the first contract's terms.
- Each offer shows its factor rate; the example uses 1.42.
When does a second position merchant cash advance not fit?
If you need lower payments rather than more capital, consolidation is the better fit. If revenue swings, revenue-based financing after the first advance ends can fit better.
Which cities within 50 miles of Culver City do we serve?
Los Angeles is the closest, 1 mile away.
| City | Distance | Employers |
|---|---|---|
| Los Angeles, CA | 1 mile | 128,109 |
| Inglewood, CA | 5 miles | 1,726 |
| Beverly Hills, CA | 5 miles | 5,288 |
| Santa Monica, CA | 6 miles | 7,189 |
What do owners ask about second advance costs and terms?
What is the daily payment with two merchant cash advances?
Add the two withdrawals together. In the worked example, the account carries $728 a day until the first advance ends.
Can I get 2nd position funding with weak credit?
Yes. Deposits and how the first advance has run matter more than the credit score.
Can a salon qualify for a second position merchant cash advance?
Yes. A salon qualifies the same way as any business: funding partners read bank deposits, balance history and open advances, then make quotes you can compare.
Want offers on a second advance side by side for Culver City?
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.