Second Position Merchant Cash Advance in Richmond, CA
A second position merchant cash advance adds funding for a Richmond business that already has an advance. We take one application to funders that accept second positions and lay out their offers.
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What is a second position merchant cash advance, and how is it repaid?
The deciding number is what an average day leaves after the first withdrawal; with $138,000 in monthly deposits, that room sets the size of the second advance.
What do funders check?
With monthly deposits of $138,000 in the example, funding partners check what the account can carry once the first debit clears.
What room does the first advance leave?
Funders subtract the first debit from an average day's deposits. In the example, $610 already goes out each day before the second funder is paid.
Which Richmond businesses is a second position merchant cash advance built for?
Census counts show 2,115 employer businesses in Richmond; the table gives the local count and density for each trade discussed below. California averages 26.2 employers per 1,000 residents; Richmond has 18.4.
| Trade | Businesses in Richmond | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Residential remodelers | 78 | 6.8 | 3.9 |
| Landscaping companies | 44 | 3.8 | 3.4 |
| Trucking companies | 41 | 3.6 | 3.3 |
How do residential remodelers in Richmond use it?
First advance spent on crew payroll, rented equipment and materials? A remodeling company can still fund a larger job or another crew with a second position. Richmond has 78 of them, 6.8 per 10,000 residents (U.S.: 3.9).
Why would landscaping companies pick a second position?
The case for a second advance: another crew or truck before spring now, with equipment, crew wages and supplies already funded. Local count: 44, 1.1 times the national rate per resident.
Why do Richmond trucking companies use a second position?
Fuel, tires and driver payroll took the first advance; an added truck or a new lane can take the second. There are 41 here, 1.9% of the city's employers.
What would a second position merchant cash advance cost a Richmond remodeling company?
Say a remodeling company deposits $138,000 a month and already pays $610 a day on its first advance. A second position of $34,500 at a 1.42 factor rate adds $389 a day for six months. Until the first advance finishes, the account carries $999 a day, 15% of an average day's deposits.
| Sample case | Value |
|---|---|
| Monthly deposits (example) | $138,000 |
| First advance, daily debit | $610 |
| Second advance | $34,500 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $389 |
| Combined daily debit | $999 |
| Portion of a typical day's deposits | 15% |
What earns better terms?
Pricing follows risk: how much of every day's deposits the first funder already takes, and how the account has run since that advance funded. 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 Richmond ZIP codes have the most employers?
Restaurants lead ZIP 94804, at 37 of its 795 employers.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 94804 | 795 | Restaurants | 37 |
| 94801 | 491 | Restaurants | 24 |
| 94803 | 374 | Restaurants | 23 |
| 94805 | 235 | Restaurants | 20 |
How do I get 2nd position funding in Richmond?
- Send the application and the details of your first advance, such as a withdrawal of $610 a day.
- We check whether your first contract allows a second position before the file goes anywhere.
- Offers come back with the combined debit shown for each.
Is a second position merchant cash advance ever the wrong tool?
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.
Is a second position merchant cash advance available near Richmond?
San Pablo sits 1 mile from Richmond. Berkeley counts 3,564 employer companies, the most within 50 miles.
| City | Distance | Employers |
|---|---|---|
| San Pablo, CA | 1 mile | 262 |
| El Cerrito, CA | 4 miles | 504 |
| Hercules, CA | 6 miles | 277 |
| Berkeley, CA | 7 miles | 3,564 |
What does a Richmond business need to know about a second advance?
Does a second MCA have a shorter term than the first?
Yes, in most offers. Short terms keep the combined withdrawal, $999 a day in the example, from running too long.
What if my first advance is paid off before the second?
The account then carries only the second debit, $389 a day in the example, until it's paid back.
Do funders offer second advances to Richmond trucking companies?
They do. With 41 trucking companies in Richmond, funders see these files regularly; the offer depends on bank deposits and time in business, not on the trade alone.
Want quotes on a second advance on top of the first side by side for Richmond?
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.