Second Position Merchant Cash Advance in Lafayette, LA
Mid-term on an advance and need more? A second position adds funding for Lafayette companies; we shop the file to funding partners 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.
What does a second position merchant cash advance involve?
A second position is an additional advance that sits behind one you already have. The first funder keeps its withdrawal, and the second funder adds its own.
How do funders decide?
How much of $107,000 in monthly bank deposits remains once the first funder is paid, and whether the account has stayed positive since the first advance.
What does the first contract allow?
Some contracts limit added funding, so we read it before the file goes out. If it blocks a second position, consolidation is the next option to compare.
Which local trades get the most from a second position merchant cash advance?
Restaurants are the biggest of these trades locally, with 230 of the city's 4,286 employer businesses. Most are small: 2,291 have under five employees, while 617 have between 10 and 19.
| Trade | Businesses in Lafayette | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 230 | 18.7 | 15.4 |
| Clothing and accessories stores | 104 | 8.4 | 3.5 |
| Beauty and nail salons | 46 | 3.7 | 3.4 |
Is a second position right for restaurants?
First advance spent on food orders, payroll and kitchen repairs? A restaurant can still fund a second dining room or a catering kitchen with a second position. Lafayette has 230 of them, 18.7 per 10,000 residents (U.S.: 15.4).
How do clothing and accessories stores in Lafayette use it?
When a holiday inventory order or a second storefront comes up before the payoff date, a clothing store can stack a second position. That trade has 104 locations here (8.4 per 10,000 residents).
When do beauty and nail salons reach for a second position?
A salon ready for a renovated space or added spa rooms can take a second position rather than wait. In the city, 46 operate, or 1.1% of employer businesses.
What would a restaurant pay for a second position merchant cash advance?
A restaurant with $107,000 in monthly deposits pays $473 a day on a first advance. A second of $32,000 at 1.42 adds $361 a day; together, $834.
| Worked example | Value |
|---|---|
| Monthly deposits (example) | $107,000 |
| First advance, daily debit | $473 |
| Second advance | $32,000 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $361 |
| Combined daily debit | $834 |
| Portion of a typical day's deposits | 16% |
How can the price come down?
Compare second-position quotes on total payback and on the combined daily withdrawal. Check other amounts with the stacked payment calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
Where in Lafayette do these trades cluster?
Physicians' offices lead ZIP 70508, at 188 of its 2,343 employers.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 70508 | 2,343 | Physicians' offices | 188 |
| 70503 | 1,659 | Physicians' offices | 113 |
| 70506 | 1,224 | Restaurants | 57 |
| 70501 | 783 | Restaurants | 49 |
How does a Lafayette business apply for a second advance?
- Start at afterfirstmca.com/apply and note the funder and balance of your first advance.
- A broker calls to review the first contract and the deposits left after its debit.
- Each offer shows its factor rate; the example uses 1.42.
What else should you consider?
If revenue swings, revenue-based financing after the first advance ends can fit better. Skip it when the first debit already takes a heavy share of deposits. Consolidating first, or waiting until the first advance is mostly paid back, leaves more room.
Do we cover businesses outside Lafayette?
We take files from anywhere in Louisiana and the rest of the country; where the business sits doesn't change how the file is shopped.
Which questions about second position funding come up most?
How soon can I get a second MCA after the first?
Funders want to see several weeks of on-time debits on the first advance before they place a second.
How much does a second MCA cost?
In the example, $32,000 at a 1.42 factor, so the payback is $45,440.
Can a clothing store qualify for a second position merchant cash advance?
Yes. A clothing store qualifies the same way as any business: funders read deposits, balance history and open advances, then make quotes you can compare.
Want quotes on an added advance alongside the first for your Lafayette firm?
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.