Second Position Merchant Cash Advance in Centennial, CO
A second position merchant cash advance adds capital to a Centennial business already paying an advance, without waiting for the first to end. One application, several funding partners.
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How is a second position advance set up?
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 $394 a day and the second adds its own withdrawal.
What counts most in the review?
How the first advance has been paid, how much of it's left, and what every day's bank deposits look like after its withdrawal.
Which funders take second positions?
Only those that place behind an existing advance, and we send the file to them alone. They read the first funder's debit, $394 a day in the example, next to your deposits.
Who is a second position merchant cash advance for in Centennial?
Restaurants are the biggest of these trades locally, with 190 of the city's 3,998 employer businesses. That works out to 36.8 employer companies per 1,000 residents; 56% of them have fewer than five on payroll.
| Trade | Businesses in Centennial | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 190 | 17.5 | 15.4 |
| Beauty and nail salons | 78 | 7.2 | 3.4 |
| Residential remodelers | 54 | 5.0 | 3.9 |
What does a second position solve for restaurants?
Mid-term growth for a restaurant means an outdoor seating area or new kitchen line; a second position pays for it. There are 190 here, 4.8% of the city's employers.
Is a second position right for beauty and nail salons?
A salon ready for a renovated space or added spa rooms can take a second position rather than wait. Census counts 78 in Centennial; that's 7.2 per 10,000 people.
What does a second position do for residential remodelers here?
When a larger job or another crew comes up before the payoff date, a remodeling company can stack a second position. In the city, 54 operate, or 1.4% of employer businesses.
What is the cost for a restaurant?
Say a restaurant deposits $89,000 a month and already pays $394 a day on its first advance. A second position of $26,500 at a 1.42 factor rate adds $299 a day for six months. Until the first advance finishes, the account carries $692 a day, 16% of an average day's deposits.
| Worked example | Value |
|---|---|
| Monthly deposits (example) | $89,000 |
| First advance, daily debit | $394 |
| Second advance | $26,500 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $299 |
| Combined daily debit | $692 |
| Percent of daily deposits | 16% |
What moves the price?
Second positions cost more than first positions because the second funder sits behind the first. Funders price from how much room your bank deposits leave after the first debit. 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.
What does the Arapahoe County business base look like?
Of Arapahoe County's 20,137 employers, 3,998 are in Centennial. Among firms with 5 to 9 employees, the city has 631 and the county 3,219.
| Employees | Centennial | Arapahoe County |
|---|---|---|
| Under 5 | 2,256 | 11,647 |
| 5 to 9 | 631 | 3,219 |
| 10 to 19 | 464 | 2,341 |
| 20 to 49 | 376 | 1,756 |
What are the steps to get second position funding?
- Apply in about five minutes and list the advance you already have.
- We check the request against monthly bank deposits of $89,000 in the example.
- Second-position funding partners send offers; you compare them and sign the one that fits.
Is a second position merchant cash advance ever the wrong tool?
For a gap that repeats each month, a line of credit costs less than stacking advances. If you need lower payments rather than more capital, consolidation is the better fit.
Is a second position merchant cash advance available near Centennial?
Closest on the list: Parker, 8 miles away. Largest: Aurora, 7,010 employers.
| City | Distance | Employers |
|---|---|---|
| Parker, CO | 8 miles | 671 |
| Englewood, CO | 8 miles | 1,223 |
| Littleton, CO | 8 miles | 1,816 |
| Aurora, CO | 11 miles | 7,010 |
Which 2nd position MCA questions do Centennial owners ask first?
What does a 2nd position MCA cost?
In the example, $26,500 at a 1.42 factor, so the payback is $37,630.
Does a second MCA have a shorter term than the first?
Yes, in most offers. Short terms keep the combined debit, $692 a day in the example, from running too long.
Are residential remodelers in Centennial eligible for a second position merchant cash advance?
Many are, because they run on milestone payments from clients. Funders still decide each file on bank deposits and time in business.
Shall we shop a second advance on top of the first for your Centennial 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.