Second Position Merchant Cash Advance in San Carlos, CA
A second position merchant cash advance adds funding for a San Carlos business that already has an advance. We take one application to funders that accept second positions and lay out their quotes.
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.
What does a second position merchant cash advance involve?
A second position merchant cash advance is a new advance taken while a first one is still being paid back; in the example below, the first takes $455 a day and the second adds its own debit.
How do funders decide?
The first advance's balance and debit, bank statements since it funded, and whether its contract allows a second position. With a first withdrawal of $455 a day, room in deposits decides the size.
How long do both debits overlap?
Until the first advance finishes. In the meantime, the account carries $812 a day, so the review checks that deposits cover it.
Which trades in San Carlos benefit most?
Here is how the trades on this page are represented among San Carlos' 1,200 employers. Of the city's employers, 111 have 20 to 49 people on payroll.
| Trade | Businesses in San Carlos | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 80 | 27.3 | 15.4 |
| Residential remodelers | 34 | 11.6 | 3.9 |
| Electrical contractors | 22 | 7.5 | 2.4 |
What does a second position solve for restaurants?
Growth for a restaurant looks like an outdoor seating area or new kitchen line. A second position pays for it mid-term. That trade has 80 locations here (27.3 per 10,000 residents).
Is a second position right for residential remodelers?
First advance spent on materials, subcontractors and crew payroll? A remodeling company can still fund a second crew or bigger contracts with a second position. In the city, 34 operate, or 2.8% of employer companies.
What does a second position do for electrical contractors here?
Mid-term growth for an electrical contractor means larger commercial work or a second crew; a second position pays for it. Local count: 22, 3.1 times the national rate per resident.
What is the cost for a restaurant?
A restaurant bringing in $103,000 a month already pays its first funder $455 a day. Taking $31,000 in second position at 1.45 adds $357, for $812 a day combined until the first advance is done.
| Sample figure | Value |
|---|---|
| Monthly deposits (example) | $103,000 |
| First advance, daily debit | $455 |
| Second advance | $31,000 |
| Second advance factor rate | 1.45 |
| Second advance, daily debit | $357 |
| Combined daily debit | $812 |
| Share of an average day's deposits | 17% |
Which numbers decide the cost?
Steady bank deposits since the first advance funded and no missed withdrawals bring the factor rate down. 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 does San Carlos sit within San Mateo County?
Measured per resident, San Carlos has 41.0 employers per 1,000 people and San Mateo County has 29.0. In raw numbers, that is 1,200 in the city out of 21,569 in the county.
| Employees | San Carlos | San Mateo County |
|---|---|---|
| Under 5 | 637 | 11,840 |
| 5 to 9 | 224 | 3,871 |
| 10 to 19 | 171 | 2,647 |
| 20 to 49 | 111 | 1,925 |
How does a San Carlos business apply for a second advance?
- List your current funder and balance on the form.
- A broker phones to confirm the amount and read the first contract's terms.
- You pick the offer whose combined withdrawal your deposits can carry, then sign.
When is another option better?
If revenue swings, revenue-based financing after the first advance ends can fit better. If the first advance is nearly done, waiting for a new first-position advance can cost less.
Do we work with businesses near San Carlos?
From San Carlos, Belmont is 2 miles out. Within 50 miles, San Mateo has the most employers: 3,061.
| City | Distance | Employers |
|---|---|---|
| Belmont, CA | 2 miles | 571 |
| Redwood City, CA | 3 miles | 2,366 |
| Foster City, CA | 5 miles | 793 |
| San Mateo, CA | 5 miles | 3,061 |
What should I know before taking a 2nd position MCA?
Is a second MCA slower to fund than the first?
A little, since funders read the first contract too. A complete file keeps that extra review short.
Why does a second position MCA cost more?
The factor rate sits above first-position pricing; the example uses 1.45. The exact number depends on the room left after the first debit.
Can a restaurant qualify for a second position merchant cash advance?
Yes. A restaurant qualifies the same way as any business: funding partners read bank deposits, balance history and open advances, then make offers you can compare.
Want a broker to shop an added advance alongside the first for your San Carlos 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.