Second Position Merchant Cash Advance in Urbandale, IA
Mid-term on an advance and need more? A second position adds funding for Urbandale businesses; we shop the file to funders that accept them.
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?
Because the two payments run side by side, the review centers on what is left of an average day's deposits once the first funder is paid.
What does the review cover?
How much of $86,000 in monthly deposits remains once the first funder is paid, and whether the account has stayed positive since the first advance.
How long do both debits overlap?
Until the first advance finishes. In the meantime, the account carries $718 a day, so the review checks that deposits cover it.
Which local trades get the most from a second position merchant cash advance?
Of the trades on this page, restaurants are the largest group in Urbandale, at 50 companies out of 1,570 employers. Employer density is 32.3 per 1,000 residents here, compared with 24.5 for the country.
| Trade | Businesses in Urbandale | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 50 | 10.3 | 15.4 |
| Beauty and nail salons | 35 | 7.2 | 3.4 |
| Residential remodelers | 20 | 4.1 | 3.9 |
How do restaurants in Urbandale use it?
The case for a second advance: an outdoor seating area or new kitchen line now, with food deliveries, line-cook payroll and equipment upkeep already funded. Locally, 50 operate, 0.7 times the U.S. rate.
When do beauty and nail salons reach for a second position?
Second positions let a salon keep product inventory, station upgrades and rent covered and still fund more chairs or a treatment room. Census data lists 35 in the city.
What does a second position solve for residential remodelers?
Mid-term growth for a remodeling company means a larger job or another crew; a second position pays for it. Urbandale has 20 of them, 4.1 per 10,000 residents (U.S.: 3.9).
What does a worked example of a second position merchant cash advance look like?
Here a restaurant already paying $380 daily adds $30,000 in second position at 1.42, bringing its daily total to $718 on deposits of $86,000 a month.
| Worked example | Value |
|---|---|
| Monthly deposits (example) | $86,000 |
| First advance, daily debit | $380 |
| Second advance | $30,000 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $338 |
| Combined daily debit | $718 |
| Portion of a typical day's deposits | 18% |
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. 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 I apply for a second position MCA in Urbandale, IA?
- Apply in about five minutes and list the advance you already have.
- We check the request against monthly bank deposits of $86,000 in the example.
- You pick the offer whose combined withdrawal your deposits can carry, then sign.
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.
Is a second position merchant cash advance available near Urbandale?
Closest on the list: Johnston, 5 miles away. Largest: Des Moines, 4,746 employers.
| City | Distance | Employers |
|---|---|---|
| Johnston, IA | 5 miles | 513 |
| West Des Moines, IA | 6 miles | 2,780 |
| Waukee, IA | 6 miles | 377 |
| Des Moines, IA | 10 miles | 4,746 |
What does an Urbandale business need to know about a second advance?
Can a 2nd position MCA be consolidated later?
Yes. Once both advances are running, a consolidation can replace them with one payment.
How soon can I get a second MCA after the first?
Funders want to see several weeks of on-time withdrawals on the first advance before they place a second.
Can a remodeling company qualify for a second position merchant cash advance?
Yes. A remodeling company qualifies the same way as any business: funders read bank deposits, balance history and open advances, then make quotes you can compare.
Want a broker to shop a second position merchant cash advance for your Urbandale 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.