Second Position Merchant Cash Advance in Boulder, CO
Mid-term on an advance and need more? A second position adds funding for Boulder businesses; we shop the file to funding partners that accept them.
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What is a second position merchant cash advance, and how is it repaid?
The second position is a separate contract behind the first. In the worked example it adds $259 a day on top of the first withdrawal.
How do funders decide?
Funders read the first contract, the statements since it funded and the bank deposits left after its debit. Some first contracts restrict additional advances, so we check yours first.
Why take a second position instead of waiting?
Because the opportunity is now. For a restaurant, that means a patio build-out or a second location while the first advance is still running.
Where does a second position merchant cash advance fit in Boulder's economy?
Of the trades on this page, restaurants are the largest group in Boulder, at 59 businesses out of 1,821 employers. Of the city's employers, 67% have fewer than five on payroll, and 117 have 20 to 49.
| Trade | Businesses in Boulder | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 59 | 5.6 | 15.4 |
| Residential remodelers | 27 | 2.6 | 3.9 |
| Beauty and nail salons | 24 | 2.3 | 3.4 |
What makes restaurants a fit?
A restaurant that took a first advance for food orders, payroll and kitchen repairs doesn't have to wait to fund an outdoor seating area or new kitchen line. Locally, 59 operate, 0.4 times the U.S. rate.
When do residential remodelers reach for a second position?
Growth for a remodeling company looks like a larger remodel contract. A second position pays for it mid-term. The city counts 27, at 0.7x the U.S. density.
Why do Boulder beauty and nail salons use 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. There are 24 here, 1.3% of the city's employers.
What is the cost for a restaurant?
A restaurant with $92,000 in monthly deposits pays $407 a day on a first advance. A second of $23,000 at 1.42 adds $259 a day; together, $666.
| Sample figure | Value |
|---|---|
| Monthly deposits (example) | $92,000 |
| First advance, daily debit | $407 |
| Second advance | $23,000 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $259 |
| Combined daily debit | $666 |
| Percent of daily deposits | 15% |
What moves the price?
The combined $666 daily withdrawal in the example is what funding partners price against; more room after the first debit means better terms. 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.
How does Boulder compare with Boulder County?
Measured per resident, Boulder has 17.2 employers per 1,000 people and Boulder County has 39.5. In raw numbers, that is 1,821 in the city out of 12,990 in the county.
| Employees | Boulder | Boulder County |
|---|---|---|
| Under 5 | 1,217 | 8,058 |
| 5 to 9 | 248 | 1,965 |
| 10 to 19 | 166 | 1,409 |
| 20 to 49 | 117 | 1,008 |
How do I get quotes on a second MCA in Boulder?
- Fill out the short application; mention the first contract's date.
- We call to agree the amount before the file goes out.
- Offers come back from funders that take second positions, each with the combined daily debit shown.
Who should skip a second position merchant cash advance?
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 Boulder?
Louisville is the closest, 7 miles away. Broomfield is the largest business market within 50 miles, with 1,917 employers.
| City | Distance | Employers |
|---|---|---|
| Louisville, CO | 7 miles | 602 |
| Lafayette, CO | 8 miles | 474 |
| Erie, CO | 11 miles | 447 |
| Broomfield, CO | 12 miles | 1,917 |
What should I ask before signing a second MCA?
Why does a second position MCA cost more?
The factor rate sits above first-position pricing; the example uses 1.42. The exact number depends on the room left after the first withdrawal.
Who gets paid first on a second position MCA?
The first funder. That order is why second positions are priced higher.
Do funders offer second advances to Boulder beauty and nail salons?
They do. With 24 beauty and nail salons in Boulder, funders see these files regularly; the offer depends on bank deposits and time in business, not on the trade alone.
Want a broker to shop a second position MCA for your Boulder 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.