Second Position Merchant Cash Advance in Denver, CO
If your Denver business is partway through one advance and needs more, a second position merchant cash advance adds capital on top of it. One application reaches funding partners that accept second positions.
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 is a second position advance set up?
Funders look at how much room the first withdrawal leaves in your bank deposits: the business has to carry both payments on an ordinary day.
What do funders look at first?
Funders read the first contract, the bank statements since it funded and the deposits left after its withdrawal. Some first contracts restrict additional advances, so we check yours first.
What room does the first advance leave?
Funders subtract the first debit from an average day's deposits. In the example, $442 already goes out every day before the second funder is paid.
Which local trades get the most from a second position merchant cash advance?
Restaurants are the biggest of these trades locally, with 1,538 of the city's 27,283 employer companies. Of them, 57% employ fewer than five people, and 2,514 employ 20 to 49.
| Trade | Businesses in Denver | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 1,538 | 20.8 | 15.4 |
| Beauty and nail salons | 479 | 6.5 | 3.4 |
| Residential remodelers | 257 | 3.5 | 3.9 |
How does a second position fit restaurants?
A restaurant ready for a patio build-out or a second location can take a second position rather than wait. There are 1,538 here, 5.6% of the city's employers.
How do beauty and nail salons in Denver use it?
When more chairs or a treatment room comes up before the payoff date, a salon can stack a second position. Local count: 479, 1.9 times the national rate per resident.
Why would residential remodelers pick a second position?
First advance spent on materials, subcontractors and crew payroll? A remodeling company can still fund a larger remodel contract with a second position. Denver has 257 of them, 3.5 per 10,000 residents (U.S.: 3.9).
How much does a second position merchant cash advance cost a restaurant?
Sized for a restaurant: monthly deposits $100,000, first debit $442, second advance $30,000 at 1.42, combined debit $780 a day.
| Worked example | Value |
|---|---|
| Monthly deposits (example) | $100,000 |
| First advance, daily debit | $442 |
| Second advance | $30,000 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $338 |
| Combined daily debit | $780 |
| Portion of a typical day's deposits | 16% |
Which numbers decide the cost?
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 withdrawal. Run your figures in the stacked payment calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
Which Denver ZIP codes have the most of these businesses?
Restaurants lead ZIP 80202, at 186 of its 3,309 employers.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 80202 | 3,309 | Restaurants | 186 |
| 80206 | 1,848 | Clothing and accessories stores | 133 |
| 80211 | 1,633 | Restaurants | 136 |
| 80216 | 1,498 | Restaurants | 44 |
| 80204 | 1,477 | Restaurants | 67 |
| 80222 | 1,477 | Restaurants | 84 |
What does applying for a second MCA involve?
- Apply in about five minutes and list the advance you already have.
- A broker calls to confirm how much room the bank deposits leave.
- Sign and the second funder sends the money; the first advance continues as before.
When should you choose something else?
If you need lower payments rather than more capital, consolidation is the better fit. If revenue swings, revenue-based financing after the first advance ends can fit better.
Which nearby cities do we also cover?
From Denver, Aurora is 9 miles out.
| City | Distance | Employers |
|---|---|---|
| Aurora, CO | 9 miles | 7,010 |
| Commerce City, CO | 10 miles | 679 |
| Englewood, CO | 10 miles | 1,223 |
| Thornton, CO | 11 miles | 2,022 |
Which 2nd position MCA questions do Denver owners ask first?
How soon can I get a second MCA after the first?
Funders want to see several weeks of on-time debits on the first advance before they place a second.
What if my first advance is paid off before the second?
The account then carries only the second debit, $338 a day in the example, until it's paid back.
Do Denver beauty and nail salons qualify for a second position merchant cash advance?
Yes. Denver has 479 beauty and nail salons, and any of them can apply; funders decide from deposits, time in business and open advances, and we show you every offer.
Need a second position merchant cash advance in Denver?
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.