Second Position Merchant Cash Advance in Arlington Heights, IL
An Arlington Heights business partway through an advance can raise more with a second position, priced on what its bank deposits can carry after the first debit. We shop the file for you.
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How is a second position merchant cash advance structured?
Two advances, two debits: the second funder's $49,000 in the example is collected alongside the first until each contract is complete.
What will a funder ask for?
Funders read the first contract, the bank statements since it funded and the bank deposits left after its debit. Some first contracts restrict additional advances, so we check yours first.
What room does the first advance leave?
Funders subtract the first withdrawal from an average day's bank deposits. In the example, $725 already goes out every day before the second funder is paid.
Which local businesses does it suit?
Arlington Heights has 2,850 employer companies. The table lists the trades on this page where a second position merchant cash advance fits, with how many of each operate here. The city's employers are mostly small: 1,805 have fewer than five employees.
| Trade | Businesses in Arlington Heights | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Trucking companies | 178 | 23.4 | 3.3 |
| Restaurants | 128 | 16.8 | 15.4 |
| Beauty and nail salons | 51 | 6.7 | 3.4 |
Why would trucking companies pick a second position?
A trucking company ready for another rig or more drivers can take a second position rather than wait. Arlington Heights has 178 of them, 23.4 per 10,000 residents (U.S.: 3.3).
What does a second position do for restaurants here?
The second position gives a restaurant room for a second dining room or a catering kitchen while the first keeps running. That trade has 128 locations here (16.8 per 10,000 residents).
How do local beauty and nail salons use a second position?
Color stock, booth upgrades and rent took the first advance; a renovated space or added spa rooms can take the second. In the city, 51 operate, or 1.8% of employer companies.
What would a second position merchant cash advance cost an Arlington Heights trucking company?
A trucking company bringing in $164,000 a month already pays its first funder $725 a day. Taking $49,000 in second position at 1.38 adds $537, for $1,262 a day combined until the first advance is done.
| Worked example | Value |
|---|---|
| Monthly deposits (example) | $164,000 |
| First advance, daily debit | $725 |
| Second advance | $49,000 |
| Second advance factor rate | 1.38 |
| Second advance, daily debit | $537 |
| Combined daily debit | $1,262 |
| Share of an average day's deposits | 16% |
How can the price come down?
The combined $1,262 daily debit in the example is what funding partners price against; more room after the first withdrawal 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 do Arlington Heights employers compare with the rest of Cook County?
Cook County counts 134,513 employer companies, and 2% of them operate in Arlington Heights. The table compares the two by headcount band.
| Employees | Arlington Heights | Cook County |
|---|---|---|
| Under 5 | 1,805 | 80,058 |
| 5 to 9 | 410 | 20,124 |
| 10 to 19 | 288 | 14,689 |
| 20 to 49 | 217 | 11,463 |
What does applying for a second MCA involve?
- Fill out the short application; mention the first contract's date.
- A broker calls to confirm how much room the bank deposits leave.
- Each offer shows its factor rate; the example uses 1.38.
What else should you consider?
If revenue swings, revenue-based financing after the first advance ends can fit better. For a gap that repeats every month, a line of credit costs less than stacking advances.
Do we take files from around Arlington Heights?
Rolling Meadows is the closest, 3 miles away. Mount Prospect is the largest business market within 50 miles, with 1,568 employers.
| City | Distance | Employers |
|---|---|---|
| Rolling Meadows, IL | 3 miles | 1,060 |
| Mount Prospect, IL | 3 miles | 1,568 |
| Palatine, IL | 3 miles | 1,482 |
| Wheeling, IL | 4 miles | 1,294 |
What should Arlington Heights businesses know about second position MCAs?
What is the daily payment with two merchant cash advances?
Add the two withdrawals together. In the worked example, the account carries $1,262 a day until the first advance ends.
How much does a second MCA cost?
In the example, $49,000 at a 1.38 factor, so the payback is $67,620.
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.
Shall we compare quotes on a second-position advance for Arlington Heights?
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.