Second Position Merchant Cash Advance in Mountain View, CA
If your Mountain View 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 advance set up?
Because the two payments run side by side, the review centers on what is left of an average day's bank deposits once the first funder is paid.
How do funders decide?
With monthly bank deposits of $109,000 in the example, funding partners check what the account can carry once the first withdrawal clears.
How much can the second advance add?
What the bank deposits can carry after the first debit. The example adds $32,500 for a business depositing $109,000 a month.
Who in Mountain View uses a second position merchant cash advance?
Here is how the trades on this page are represented among Mountain View's 2,632 employers. Most are small: 1,462 have under five employees, while 297 have between 10 and 19.
| Trade | Businesses in Mountain View | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 147 | 17.2 | 15.4 |
| Beauty and nail salons | 38 | 4.4 | 3.4 |
| Auto repair shops | 31 | 3.6 | 2.5 |
How does a second position fit restaurants?
Growth for a restaurant looks like a second dining room or a catering kitchen. A second position pays for it mid-term. That trade has 147 locations here (17.2 per 10,000 residents).
Why do Mountain View beauty and nail salons use a second position?
Second positions let a salon keep color stock, booth upgrades and rent covered and still fund a renovated space or added spa rooms. In the city, 38 operate, or 1.4% of employer businesses.
How do local auto repair shops use a second position?
The second position gives a repair shop room for more bays or a second location while the first keeps running. Local count: 31, 1.4 times the national rate per resident.
How do the numbers work out for a restaurant?
Here is a restaurant with $109,000 in monthly deposits and a first advance that takes $482 a day. Adding $32,500 in second position at 1.38 puts another $356 on each business day over six months, for a combined $838 a day: 16% of a typical day's deposits.
| Sample case | Value |
|---|---|
| Monthly deposits (example) | $109,000 |
| First advance, daily debit | $482 |
| Second advance | $32,500 |
| Second advance factor rate | 1.38 |
| Second advance, daily debit | $356 |
| Combined daily debit | $838 |
| Debit as a share of daily deposits | 16% |
How can the price come down?
A first advance that is mostly repaid makes a second position cheaper, because less sits ahead of the second funder. For your own numbers, use the stacked payment calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
Where in Mountain View do these trades cluster?
Restaurants lead ZIP 94043, at 36 of its 1,473 employers.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 94043 | 1,473 | Restaurants | 36 |
| 94040 | 1,014 | Physicians' offices | 82 |
| 94041 | 423 | Restaurants | 53 |
What does applying for a second MCA involve?
- List your current funder and balance on the form.
- We read the first contract for any limits on a second position.
- You compare quotes with the combined debit beside each one, $838 a day in the example.
Who should skip 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. For a gap that repeats each month, a line of credit costs less than stacking advances.
Which nearby cities do we also cover?
Closest on the list: Los Altos, 2 miles away. Largest: Palo Alto, 3,636 employers.
| City | Distance | Employers |
|---|---|---|
| Los Altos, CA | 2 miles | 367 |
| Sunnyvale, CA | 3 miles | 3,381 |
| Palo Alto, CA | 4 miles | 3,636 |
| East Palo Alto, CA | 6 miles | 296 |
Which 2nd position MCA questions do Mountain View owners ask first?
Why does a second position MCA cost more?
The factor rate sits above first-position pricing; the example uses 1.38. The exact number depends on the room left after the first debit.
How much are daily payments on a first and second MCA?
Add the two debits together. In the worked example, the account carries $838 a day until the first advance ends.
Are restaurants in Mountain View eligible for a second position merchant cash advance?
Many are, because they run on nightly card and takeout sales. Funders still decide each file on bank deposits and time in business.
Want quotes on a second position merchant cash advance for your Mountain View 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.