Second Position Merchant Cash Advance in Huntington Park, CA
A second position merchant cash advance adds funding for a Huntington Park business that already has an advance. We take one application to funding partners that accept second positions and lay out their offers.
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 does a second position merchant cash advance involve?
For a restaurant, the question is simple: after the first debit, do the day's deposits still cover a second one and the bills?
What does a funder need to see?
With $429 a day already going to the first funder, the review comes down to whether the rest of the deposits can carry a second withdrawal.
How long do both debits overlap?
Until the first advance finishes. In the meantime, the account carries $692 a day, so the review checks that deposits cover it.
Which Huntington Park businesses is a second position merchant cash advance built for?
Here is how the trades on this page are represented among Huntington Park's 798 employers. The city's employers are mostly small: 413 have fewer than five employees.
| Trade | Businesses in Huntington Park | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 87 | 16.9 | 15.4 |
| Clothing and accessories stores | 35 | 6.8 | 3.5 |
| Trucking companies | 25 | 4.9 | 3.3 |
Why would restaurants pick a second position?
A restaurant ready for an outdoor seating area or new kitchen line can take a second position rather than wait. The city counts 87, at 1.1x the U.S. density.
Why do Huntington Park clothing and accessories stores use a second position?
Mid-term growth for a clothing store means a holiday inventory order or a second storefront; a second position pays for it. There are 35 here, 4.4% of the city's employers.
When do trucking companies reach for a second position?
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 data lists 25 in the city.
What would a second position merchant cash advance cost a Huntington Park restaurant?
Say a restaurant deposits $97,000 a month and already pays $429 a day on its first advance. A second position of $24,000 at a 1.38 factor rate adds $263 a day for six months. Until the first advance finishes, the account carries $692 a day, 15% of an average day's deposits.
| Worked example | Value |
|---|---|
| Monthly deposits (example) | $97,000 |
| First advance, daily debit | $429 |
| Second advance | $24,000 |
| Second advance factor rate | 1.38 |
| Second advance, daily debit | $263 |
| Combined daily debit | $692 |
| Portion of a typical day's deposits | 15% |
How do you compare offers?
The combined $692 daily debit in the example is what funding partners price against; more room after the first withdrawal means better terms. 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.
What does the Los Angeles County business base look like?
Huntington Park holds 798 of the 304,988 employer companies in Los Angeles County, under 1% of the county total. The county has 31.5 employers per 1,000 residents; the city has 15.5.
| Employees | Huntington Park | Los Angeles County |
|---|---|---|
| Under 5 | 413 | 194,117 |
| 5 to 9 | 156 | 44,699 |
| 10 to 19 | 106 | 31,163 |
| 20 to 49 | 79 | 21,960 |
How do I get 2nd position funding in Huntington Park?
- 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.
- You choose the offer whose combined withdrawal your bank deposits can carry, then sign.
What else should you consider?
For a gap that repeats each month, a line of credit costs less than stacking advances. If revenue swings, revenue-based financing after the first advance ends can fit better.
Which nearby cities are covered?
Maywood sits 2 miles from Huntington Park. South Gate counts 1,087 employer companies, the most within 50 miles.
| City | Distance | Employers |
|---|---|---|
| Maywood, CA | 2 miles | 276 |
| Bell, CA | 2 miles | 440 |
| South Gate, CA | 3 miles | 1,087 |
| Bell Gardens, CA | 4 miles | 416 |
Which 2nd position MCA questions do Huntington Park owners ask first?
Can I get a second MCA with bad credit?
Yes. Deposits and how the first advance has run matter more than the credit score.
How much does a second MCA cost?
In the example, $24,000 at a 1.38 factor, so the payback is $33,120.
Do Huntington Park trucking companies qualify for a second position merchant cash advance?
Yes. Huntington Park has 25 trucking companies, and any of them can apply; funders decide from deposits, time in business and open advances, and we show you every offer.
Want quotes on a second advance on top of the first for your Huntington Park firm?
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.