Second Position Merchant Cash Advance in Long Beach, CA
Mid-term on an advance and need more? A second position adds funding for Long Beach businesses; we shop the file to 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.
How does a second position merchant cash advance work?
The second position is a separate contract behind the first. In the worked example it adds $137 a day on top of the first debit.
What do funders check?
How much of $36,000 in monthly bank deposits remains once the first funder is paid, and whether the account has stayed positive since the first advance.
Why take a second position instead of waiting?
Because the opportunity is now. For a salon, that means new stations or a remodel while the first advance is still running.
Who in Long Beach uses a second position merchant cash advance?
Long Beach's 9,520 employer companies include the trades below, each shown with its local count. California averages 26.2 employers per 1,000 residents; Long Beach has 21.1.
| Trade | Businesses in Long Beach | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Beauty and nail salons | 191 | 4.2 | 3.4 |
| Trucking companies | 149 | 3.3 | 3.3 |
| Clothing and accessories stores | 109 | 2.4 | 3.5 |
Why would beauty and nail salons pick a second position?
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. The city counts 191, at 1.2x the U.S. density.
Why do Long Beach trucking companies use a second position?
Mid-term growth for a trucking company means another rig or more drivers; a second position pays for it. There are 149 here, 1.6% of the city's employers.
When do clothing and accessories stores reach for a second position?
Second positions let a clothing store keep inventory ordered a season ahead covered and still fund a holiday inventory order or a second storefront. Census data lists 109 in the city.
What is the cost for a salon?
A salon bringing in $36,000 a month already pays its first funder $159 a day. Taking $12,500 in second position at 1.38 adds $137, for $296 a day combined until the first advance is done.
| Example item | Value |
|---|---|
| Monthly deposits (example) | $36,000 |
| First advance, daily debit | $159 |
| Second advance | $12,500 |
| Second advance factor rate | 1.38 |
| Second advance, daily debit | $137 |
| Combined daily debit | $296 |
| Portion of a typical day's deposits | 17% |
What earns better terms?
Steady deposits since the first advance funded and no missed withdrawals bring the factor rate down. 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.
Which ZIP codes stand out for these trades?
Restaurants lead ZIP 90802, at 118 of its 1,392 employers.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 90802 | 1,392 | Restaurants | 118 |
| 90803 | 1,181 | Restaurants | 121 |
| 90807 | 1,149 | Restaurants | 74 |
| 90815 | 961 | Restaurants | 73 |
| 90806 | 890 | Physicians' offices | 95 |
| 90805 | 872 | Restaurants | 71 |
What are the steps to get second position funding?
- Apply and attach statements that show the first debit.
- We call to agree the amount before the file goes out.
- Each offer shows its factor rate; the example uses 1.38.
When should you choose something else?
If the two debits would take too much of an average day's bank deposits, a second position adds strain. In that case consolidation replaces the advances with one lower payment. For a gap that repeats every month, a line of credit costs less than stacking advances.
Which towns around Long Beach can apply?
Lakewood is the closest, 5 miles away. Carson is the largest business market within 50 miles, with 2,365 employers.
| City | Distance | Employers |
|---|---|---|
| Lakewood, CA | 5 miles | 1,344 |
| Seal Beach, CA | 6 miles | 795 |
| Carson, CA | 6 miles | 2,365 |
| Bellflower, CA | 8 miles | 1,198 |
Which 2nd position MCA questions do Long Beach, CA owners raise?
How soon can I get a second MCA after the first?
Funders want to see several weeks of on-time debits on the first advance before they place a second.
What if my first advance is paid off before the second?
The account then carries only the second withdrawal, $137 a day in the example, until it's repaid.
Do Long Beach trucking companies qualify for a second position merchant cash advance?
Yes. Long Beach has 149 trucking companies, and any of them can apply; funders decide from deposits, time in business and open advances, and we show you every offer.
Ready to compare offers on a second advance in Long Beach?
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.