Second Position Merchant Cash Advance in Lakewood, CA
If your Lakewood business is partway through one advance and needs more, a second position merchant cash advance adds capital on top of it. One application reaches funders that accept second positions.
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How is a second position merchant cash advance structured?
The second position is a separate contract behind the first. In the worked example it adds $428 a day on top of the first withdrawal.
What do funders check?
With $478 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 $906 a day, so the review checks that deposits cover it.
Which Lakewood businesses is a second position merchant cash advance built for?
Census counts show 1,344 employer companies in Lakewood; the table gives the local count and density for each trade discussed below. California averages 26.2 employers per 1,000 residents; Lakewood has 17.2.
| Trade | Businesses in Lakewood | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 133 | 17.0 | 15.4 |
| Beauty and nail salons | 42 | 5.4 | 3.4 |
| Trucking companies | 41 | 5.3 | 3.3 |
How do local restaurants use a second position?
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. Census data lists 133 in the city.
What makes beauty and nail salons a fit?
The second position gives a salon room for a renovated space or added spa rooms while the first keeps running. Lakewood counts 42 of them, 3.1% of local 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 another truck or trailer. Census counts 41 in Lakewood; that's 5.3 per 10,000 people.
What does a second position merchant cash advance cost in a real example?
A restaurant bringing in $108,000 a month already pays its first funder $478 a day. Taking $38,000 in second position at 1.42 adds $428, for $906 a day combined until the first advance is done.
| Worked example | Value |
|---|---|
| Monthly deposits (example) | $108,000 |
| First advance, daily debit | $478 |
| Second advance | $38,000 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $428 |
| Combined daily debit | $906 |
| Portion of a typical day's deposits | 18% |
How can the price come down?
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 withdrawal. Try your own numbers in the stacked payment calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
Which parts of Lakewood are busiest?
Restaurants lead ZIP 90712, at 72 of its 763 employers.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 90712 | 763 | Restaurants | 72 |
| 90713 | 371 | Restaurants | 40 |
| 90715 | 194 | Restaurants | 21 |
How do I get quotes on a second MCA in Lakewood?
- List your current funder and balance on the form.
- 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, $906 a day in the example.
What else should you consider?
If the first advance is nearly done, waiting for a new first-position advance can cost less. If you need lower payments rather than more capital, consolidation is the better fit.
Which neighboring cities can apply?
Closest on the list: Bellflower, 3 miles away. Largest: Cerritos, 1,966 employers.
| City | Distance | Employers |
|---|---|---|
| Bellflower, CA | 3 miles | 1,198 |
| Cerritos, CA | 3 miles | 1,966 |
| Paramount, CA | 4 miles | 1,141 |
| Norwalk, CA | 5 miles | 1,289 |
What do Lakewood owners ask before a second advance?
What does a 2nd position MCA cost?
In the example, $38,000 at a 1.42 factor, so the payback is $53,960.
Does a second MCA affect my first advance?
No, as long as the first contract allows it and both withdrawals clear. We read the first contract before shopping the file.
What does a trucking company need to get a second position merchant cash advance?
Recent bank statements and a few minutes for the application. Lakewood's 41 trucking companies apply the same way as any other business.
Want a broker to shop a second position MCA for your Lakewood 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.