Second Position Merchant Cash Advance in Redondo Beach, CA
When the first advance isn't finished but the next need has arrived, a second position fills the gap for Redondo Beach 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.
How does a second position merchant cash advance work for a Redondo Beach business?
The second position is a separate contract behind the first. In the worked example it adds $332 a day on top of the first withdrawal.
What does the review cover?
Mainly two things: what the first debit leaves in the account every day, and whether the first contract permits a second position.
How much can the second advance add?
What the deposits can carry after the first withdrawal. The example adds $29,500 for a business depositing $99,000 a month.
Which Redondo Beach businesses is a second position merchant cash advance built for?
Redondo Beach's 2,378 employer companies include the trades below, each shown with its local count. That works out to 35.3 employer businesses per 1,000 residents; 70% of them have fewer than five on payroll.
| Trade | Businesses in Redondo Beach | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 144 | 21.4 | 15.4 |
| Beauty and nail salons | 45 | 6.7 | 3.4 |
| Residential remodelers | 43 | 6.4 | 3.9 |
Why do Redondo Beach restaurants use a second position?
A restaurant ready for a second dining room or a catering kitchen can take a second position rather than wait. Census data lists 144 in the city.
How does a second position fit beauty and nail salons?
When more chairs or a treatment room comes up before the payoff date, a salon can stack a second position. There are 45 here, 1.9% of the city's employers.
What does a second position solve for residential remodelers?
First advance spent on materials, subcontractors and crew payroll? A remodeling company can still fund a larger job or another crew with a second position. The city counts 43, at 1.6x the U.S. density.
What does a worked example of a second position merchant cash advance look like?
A restaurant bringing in $99,000 a month already pays its first funder $438 a day. Taking $29,500 in second position at 1.42 adds $332, for $770 a day combined until the first advance is done.
| Example item | Value |
|---|---|
| Monthly deposits (example) | $99,000 |
| First advance, daily debit | $438 |
| Second advance | $29,500 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $332 |
| Combined daily debit | $770 |
| Percent of daily deposits | 16% |
How can the price come down?
Pricing follows risk: how much of each day's bank deposits the first funder already takes, and how the account has run since that advance funded. 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.
Where does Redondo Beach sit within Los Angeles County?
Los Angeles County counts 304,988 employer companies, and 1% of them operate in Redondo Beach. The table compares the two by headcount band.
| Employees | Redondo Beach | Los Angeles County |
|---|---|---|
| Under 5 | 1,673 | 194,117 |
| 5 to 9 | 308 | 44,699 |
| 10 to 19 | 198 | 31,163 |
| 20 to 49 | 130 | 21,960 |
How do I get quotes on a second MCA in Redondo Beach?
- List your current funder and balance on the form.
- A broker calls to review the first contract and the bank deposits left after its debit.
- Each offer shows its factor rate; the example uses 1.42.
When is another option better?
If the goal is lower payments rather than new money, a second position works against you; consolidation is the better fit. If revenue swings, revenue-based financing after the first advance ends can fit better.
Which nearby cities are covered?
The nearest city on this list is Torrance, at 3 miles.
| City | Distance | Employers |
|---|---|---|
| Torrance, CA | 3 miles | 6,799 |
| Manhattan Beach, CA | 4 miles | 1,997 |
| Lawndale, CA | 4 miles | 490 |
| Hawthorne, CA | 5 miles | 1,252 |
What should Redondo Beach businesses know about second position MCAs?
Will my first MCA funder know about a second advance?
Your bank statements show the first withdrawal, and the second funder reviews it. Some first contracts restrict additional advances, so we check yours before shopping the file.
Is a 2nd position MCA shorter than the first advance?
Yes, in most quotes. Short terms keep the combined withdrawal, $770 a day in the example, from running too long.
What does a restaurant need to get a second position merchant cash advance?
Recent bank statements and a few minutes for the application. Redondo Beach's 144 restaurants apply the same way as any other business.
Ready to see what a second advance costs your Redondo Beach business?
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.