Second Position Merchant Cash Advance in Des Plaines, IL
Second position merchant cash advances let a Des Plaines business sell a second slice of future bank deposits while the first advance is still collecting. One application reaches the funding partners that do it.
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How does a second position merchant cash advance work?
Nothing about the first advance changes: it keeps its withdrawal and term. The second funder sets its own amount, factor rate and schedule.
What do funders look at first?
The first advance's balance and debit, statements since it funded, and whether its contract allows a second position. With a first withdrawal of $601 a day, room in deposits decides the size.
How much can the second advance add?
What the bank deposits can carry after the first debit. The example adds $41,000 for a business depositing $136,000 a month.
Where does a second position merchant cash advance fit in Des Plaines' economy?
Des Plaines' 1,553 employer companies include the trades below, each shown with its local count. Of the city's employers, 62% have fewer than five on payroll, and 125 have 20 to 49.
| Trade | Businesses in Des Plaines | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Trucking companies | 131 | 22.3 | 3.3 |
| Restaurants | 78 | 13.3 | 15.4 |
| Residential remodelers | 64 | 10.9 | 3.9 |
What makes trucking companies a fit?
A trucking company that took a first advance for diesel, maintenance, insurance and driver wages doesn't have to wait to fund another truck or trailer. Des Plaines counts 131 of them, 8.4% of local employers.
Is a second position right for restaurants?
The second position gives a restaurant room for an outdoor seating area or new kitchen line while the first keeps running. Census data lists 78 in the city.
How do residential remodelers in Des Plaines use it?
Second positions let a remodeling company keep materials, subcontractors and crew payroll covered and still fund a larger remodel contract. There are 64 here, 4.1% of the city's employers.
How would the numbers look for a trucking company?
With monthly deposits of $136,000 and a first debit of $601, a trucking company adding a $41,000 second position at 1.45 would carry $1,073 a day in total for six months.
| Sample case | Value |
|---|---|
| Monthly deposits (example) | $136,000 |
| First advance, daily debit | $601 |
| Second advance | $41,000 |
| Second advance factor rate | 1.45 |
| Second advance, daily debit | $472 |
| Combined daily debit | $1,073 |
| Portion of a typical day's deposits | 17% |
What earns better terms?
Steady bank deposits since the first advance funded and no missed debits bring the factor rate down. 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.
How do Des Plaines employers compare with the rest of Cook County?
Des Plaines holds 1,553 of the 134,513 employer businesses in Cook County, 1% of the county total. The county has 25.9 employers per 1,000 residents; the city has 26.4.
| Employees | Des Plaines | Cook County |
|---|---|---|
| Under 5 | 964 | 80,058 |
| 5 to 9 | 210 | 20,124 |
| 10 to 19 | 147 | 14,689 |
| 20 to 49 | 125 | 11,463 |
What are the steps to get second position funding?
- Start at afterfirstmca.com/apply and note the funder and balance of your first advance.
- 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.
What else should you consider?
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 work with businesses near Des Plaines?
The nearest city on this list is Mount Prospect, at 3 miles.
| City | Distance | Employers |
|---|---|---|
| Mount Prospect, IL | 3 miles | 1,568 |
| Park Ridge, IL | 3 miles | 1,414 |
| Niles, IL | 5 miles | 1,177 |
| Elk Grove Village, IL | 5 miles | 1,562 |
Which questions about second position funding come up most?
Is a 2nd position MCA shorter than the first advance?
Yes, in most offers. Short terms keep the combined withdrawal, $1,073 a day in the example, from running too long.
What if my first advance is paid off before the second?
The account then carries only the second withdrawal, $472 a day in the example, until it's repaid.
Are residential remodelers in Des Plaines 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.
Ready to send your Des Plaines file for a second-position advance?
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.