Second Position Merchant Cash Advance in Addison, IL
An Addison business partway through an advance can raise more with a second position, priced on what its deposits can carry after the first withdrawal. We shop the file for you.
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 does a second position merchant cash advance work?
With a second position, a new funder advances money behind an existing funder. Each collects its own withdrawal until its payback is complete.
What does a funder need to see?
With monthly deposits of $171,000 in the example, funding partners check what the account can carry once the first withdrawal clears.
Why take a second position instead of waiting?
Because the opportunity is now. For a trucking company, that means another truck or trailer while the first advance is still running.
Who in Addison uses a second position merchant cash advance?
Trucking companies are the biggest of these trades locally, with 82 of the city's 1,368 employer businesses. Of the city's employers, 145 have 20 to 49 people on payroll.
| Trade | Businesses in Addison | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Trucking companies | 82 | 22.9 | 3.3 |
| Restaurants | 70 | 19.6 | 15.4 |
| Auto repair shops | 34 | 9.5 | 2.5 |
How do local trucking companies use a second position?
The second position gives a trucking company room for another rig or more drivers while the first keeps running. The city counts 82, at 6.9x the U.S. density.
Why do Addison restaurants use a second position?
A restaurant ready for an outdoor seating area or new kitchen line can take a second position rather than wait. In the city, 70 operate, or 5.1% of employer businesses.
How does a second position fit auto repair shops?
The case for a second advance: another bay or technician now, with parts inventory and technician payroll already funded. Census counts 34 in Addison; that's 9.5 per 10,000 people.
What would a second position merchant cash advance cost an Addison trucking company?
A trucking company with $171,000 in monthly deposits pays $756 a day on a first advance. A second of $43,000 at 1.45 adds $495 a day; together, $1,251.
| Sample figure | Value |
|---|---|
| Monthly deposits (example) | $171,000 |
| First advance, daily debit | $756 |
| Second advance | $43,000 |
| Second advance factor rate | 1.45 |
| Second advance, daily debit | $495 |
| Combined daily debit | $1,251 |
| Percent of daily deposits | 15% |
What sets the cost?
A first advance that is mostly paid back makes a second position cheaper, because less sits ahead of the second funder. Try your own numbers in the stacked payment calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
How big is Addison's share of DuPage County?
Addison holds 1,368 of the 34,121 employer businesses in DuPage County, 4% of the county total. The county has 36.5 employers per 1,000 residents; the city has 38.3.
| Employees | Addison | DuPage County |
|---|---|---|
| Under 5 | 723 | 19,658 |
| 5 to 9 | 229 | 5,050 |
| 10 to 19 | 176 | 3,898 |
| 20 to 49 | 145 | 3,221 |
How do I get 2nd position funding in Addison?
- Fill out the short application with your current funder, balance and daily debit.
- A broker phones to confirm the amount and read the first contract's terms.
- Each offer shows its factor rate; the example uses 1.45.
When is a second position merchant cash advance the wrong choice?
If the first advance is nearly done, waiting for a new first-position advance can cost less. For a gap that repeats every month, a line of credit costs less than stacking advances.
Do we take files from around Addison?
The nearest city on this list is Villa Park, at 3 miles. The biggest is Elmhurst, home to 1,648 employer businesses.
| City | Distance | Employers |
|---|---|---|
| Villa Park, IL | 3 miles | 978 |
| Glendale Heights, IL | 4 miles | 648 |
| Lombard, IL | 4 miles | 1,412 |
| Elmhurst, IL | 4 miles | 1,648 |
What should I ask before signing a second MCA?
Does a second MCA have a shorter term than the first?
Yes, in most offers. Short terms keep the combined withdrawal, $1,251 a day in the example, from running too long.
Does a second MCA affect my first advance?
No, as long as the first contract allows it and both debits clear. We read the first contract before shopping the file.
Do funders offer second advances to Addison trucking companies?
They do. With 82 trucking companies in Addison, funding partners see these files regularly; the offer depends on deposits and time in business, not on the trade alone.
Want a broker to shop a second advance for your Addison 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.