Second Position Merchant Cash Advance in Downey, CA
When the first advance isn't finished but the next need has arrived, a second position fills the gap for Downey 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.
What should a Downey owner know about how it works?
Think of it as a second advance stacked on the first. Both funding partners debit the account, so a business already paying $385 a day takes on a second payment beside it.
How do funders decide?
Funders read the first contract, the statements since it funded and the bank deposits left after its debit. Some first contracts restrict additional advances, so we check yours first.
What room does the first advance leave?
Funders subtract the first withdrawal from an average day's deposits. In the example, $385 already goes out every day before the second funder is paid.
Which Downey trades does a second position merchant cash advance suit?
Among these trades, restaurants have the most locations in Downey: 209. Employer density is 23.4 per 1,000 residents here, compared with 24.5 for the country.
| Trade | Businesses in Downey | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 209 | 19.3 | 15.4 |
| Trucking companies | 80 | 7.4 | 3.3 |
| Beauty and nail salons | 69 | 6.4 | 3.4 |
What makes restaurants a fit?
Second positions let a restaurant keep food deliveries, line-cook payroll and equipment upkeep covered and still fund a second dining room or a catering kitchen. Local count: 209, 1.3 times the national rate per resident.
Is a second position right for trucking companies?
Mid-term growth for a trucking company means another truck or trailer; a second position pays for it. In the city, 80 operate, or 3.2% of employer companies.
How do beauty and nail salons in Downey use it?
First advance spent on product inventory, station upgrades and rent? A salon can still fund a renovated space or added spa rooms with a second position. That trade has 69 locations here (6.4 per 10,000 residents).
What does a second position merchant cash advance cost in a real example?
Sized for a restaurant: monthly deposits $87,000, first debit $385, second advance $22,000 at 1.45, combined debit $638 a day.
| Worked example | Value |
|---|---|
| Monthly deposits (example) | $87,000 |
| First advance, daily debit | $385 |
| Second advance | $22,000 |
| Second advance factor rate | 1.45 |
| Second advance, daily debit | $253 |
| Combined daily debit | $638 |
| Share of an average day's deposits | 15% |
How can the price come down?
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 bank deposits, the better the quotes. The stacked payment calculator lets you test other amounts.
Free to apply. You never pay us a fee. We call back, usually the same business day.
Which parts of Downey are busiest?
The largest ZIP by employer count is 90241, with 1,315; restaurants lead it with 85 locations.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 90241 | 1,315 | Restaurants | 85 |
| 90240 | 610 | Restaurants | 65 |
| 90242 | 600 | Restaurants | 59 |
How do I apply for a 2nd position MCA in Downey?
- Apply in about five minutes and list the advance you already have.
- We check whether your first contract allows a second position before the file goes anywhere.
- You compare offers with the combined withdrawal beside each one, $638 a day in the example.
What are the alternatives to a second position merchant cash advance?
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.
Do we take files from around Downey?
From Downey, Bell Gardens is 2 miles out. Within 50 miles, Norwalk has the most employers: 1,289.
| City | Distance | Employers |
|---|---|---|
| Bell Gardens, CA | 2 miles | 416 |
| Paramount, CA | 3 miles | 1,141 |
| Norwalk, CA | 3 miles | 1,289 |
| Bellflower, CA | 3 miles | 1,198 |
What does a Downey business need to know about a second advance?
Does a second MCA have a shorter term than the first?
Yes, in most quotes. Short terms keep the combined debit, $638 a day in the example, from running too long.
How much does a second MCA cost?
In the example, $22,000 at a 1.45 factor, so the payback is $31,900.
Are beauty and nail salons in Downey eligible for a second position merchant cash advance?
Many are, because they run on card payments at the chair. Funders still decide each file on deposits and time in business.
Ready to send your Downey file for a second-position advance?
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.