Second Position Merchant Cash Advance in Des Moines, IA
Second position merchant cash advances let Des Moines operators raise more capital while a first advance is still running. We send one file to the funders that take them and compare the quotes with you.
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How is a second position advance set up?
Two advances, two debits: the second funder's $19,000 in the example is collected alongside the first until each contract is complete.
How do funders decide?
With monthly bank deposits of $54,000 in the example, funders check what the account can carry once the first withdrawal clears.
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, $239 a day in the example, next to your bank deposits.
Who in Des Moines uses a second position merchant cash advance?
Des Moines has 4,746 employer businesses. The table lists the trades on this page where a second position merchant cash advance fits, with how many of each operate here. That works out to 22.4 employer companies per 1,000 residents; 49% of them have fewer than five on payroll.
| Trade | Businesses in Des Moines | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Bars and taverns | 69 | 3.3 | 1.2 |
| Landscaping companies | 53 | 2.5 | 3.4 |
| Beauty and nail salons | 45 | 2.1 | 3.4 |
Why do Des Moines bars and taverns use a second position?
The second position gives a bar room for a bigger bar area or added seating while the first keeps running. The city counts 69, at 2.8x the U.S. density.
When do landscaping companies reach for a second position?
A landscaping company ready for new mowers or a second crew can take a second position rather than wait. In the city, 53 operate, or 1.1% of employer businesses.
What makes beauty and nail salons a fit?
The case for a second advance: more chairs or a treatment room now, with product inventory, station upgrades and rent already funded. Census counts 45 in Des Moines; that's 2.1 per 10,000 people.
How do the numbers work out for a bar?
A bar with $54,000 in monthly deposits pays $239 a day on a first advance. A second of $19,000 at 1.45 adds $219 a day; together, $457.
| Sample case | Value |
|---|---|
| Monthly deposits (example) | $54,000 |
| First advance, daily debit | $239 |
| Second advance | $19,000 |
| Second advance factor rate | 1.45 |
| Second advance, daily debit | $219 |
| Combined daily debit | $457 |
| Portion of a typical day's deposits | 18% |
What earns better terms?
A first advance that is mostly paid back makes a second position cheaper, because less sits ahead of the second funder. 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.
Where in Des Moines do these trades cluster?
ZIP 50309 has 1,186 employers, and its leading trade is restaurants with 76 locations.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 50309 | 1,186 | Restaurants | 76 |
| 50310 | 570 | Restaurants | 52 |
| 50312 | 534 | Restaurants | 37 |
| 50317 | 533 | Restaurants | 26 |
| 50315 | 419 | Restaurants | 42 |
| 50321 | 329 | Restaurants | 14 |
How does a Des Moines business apply for a second advance?
- Start the form and note the first advance's withdrawal ($239 a day in the example).
- We call to go over the first contract and what the account can carry.
- You compare second-position offers and sign the one that fits.
When is another option better?
If revenue swings, revenue-based financing after the first advance ends can fit better. Skip it when the first withdrawal already takes a heavy share of deposits. Consolidating first, or waiting until the first advance is mostly repaid, leaves more room.
Do we take files from around Des Moines?
The nearest city on this list is West Des Moines, at 9 miles.
| City | Distance | Employers |
|---|---|---|
| West Des Moines, IA | 9 miles | 2,780 |
| Urbandale, IA | 10 miles | 1,570 |
| Johnston, IA | 10 miles | 513 |
| Ankeny, IA | 11 miles | 1,147 |
What should a Des Moines owner check before a second MCA?
Can I get a second MCA with bad credit?
Yes. Deposits and how the first advance has run matter more than the credit score.
Who gets paid first on a second position MCA?
The first funder. That order is why second positions are priced higher.
Do Des Moines bars and taverns qualify for a second position merchant cash advance?
Yes. Des Moines has 69 bars and taverns, and any of them can apply; funders decide from deposits, time in business and open advances, and we show you every offer.
Shall we shop a second advance for your Des Moines 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.