Second Position Merchant Cash Advance in Portland, ME
Already repaying an advance? A second position lets a Portland business add capital before the first is finished. We shop the file to funders that take second positions.
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How does a second position merchant cash advance work for a Portland business?
The second position is a separate contract behind the first. In the worked example it adds $378 a day on top of the first debit.
What does a funder need to see?
Funders read the first contract, the bank statements since it funded and the deposits left after its withdrawal. Some first contracts restrict additional advances, so we check yours first.
How long do both debits overlap?
Until the first advance finishes. In the meantime, the account carries $802 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 Portland, at 249 businesses out of 4,003 employers. Maine averages 30.6 employers per 1,000 residents; Portland has 57.3.
| Trade | Businesses in Portland | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 249 | 35.6 | 15.4 |
| Residential remodelers | 54 | 7.7 | 3.9 |
| Bars and taverns | 45 | 6.4 | 1.2 |
Is a second position right for restaurants?
First advance spent on food orders, payroll and kitchen repairs? A restaurant can still fund a patio build-out or a second location with a second position. That trade has 249 locations here (35.6 per 10,000 residents).
What makes residential remodelers a fit?
The case for a second advance: a larger job or another crew now, with crew payroll, rented equipment and materials already funded. Portland counts 54 of them, 1.3% of local employers.
Why would bars and taverns pick a second position?
Distributor orders, bartender pay and repairs took the first advance; a patio or kitchen addition can take the second. The city counts 45, at 5.3x the U.S. density.
How much does a second position merchant cash advance cost a restaurant?
A restaurant with $96,000 in monthly deposits pays $424 a day on a first advance. A second of $33,500 at 1.42 adds $378 a day; together, $802.
| Sample figure | Value |
|---|---|
| Monthly deposits (example) | $96,000 |
| First advance, daily debit | $424 |
| Second advance | $33,500 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $378 |
| Combined daily debit | $802 |
| Percent of daily deposits | 18% |
What moves the price?
Pricing follows risk: how much of each day's deposits the first funder already takes, and how the account has run since that advance funded. 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.
Which parts of Portland are busiest?
ZIP 04101 has 2,071 employers, and its leading trade is restaurants with 175 locations.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 04101 | 2,071 | Restaurants | 175 |
| 04103 | 1,106 | Restaurants | 39 |
| 04102 | 702 | Restaurants | 35 |
How does a Portland business apply for a second advance?
- Fill out the short application with your current funder, balance and daily withdrawal.
- We check the request against monthly deposits of $96,000 in the example.
- Each offer shows its factor rate; the example uses 1.42.
When does a second position merchant cash advance not fit?
For a gap that repeats every month, a line of credit costs less than stacking advances. If revenue swings, revenue-based financing after the first advance ends can fit better.
Do we take files from around Portland?
Closest on the list: South Portland, 5 miles away.
| City | Distance | Employers |
|---|---|---|
| South Portland, ME | 5 miles | 1,237 |
| Westbrook, ME | 10 miles | 700 |
| Saco, ME | 14 miles | 675 |
| Biddeford, ME | 17 miles | 482 |
What should a Portland 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.
What does a 2nd position MCA cost?
In the example, $33,500 at a 1.42 factor, so the payback is $47,570.
Can a bar qualify for a second position merchant cash advance?
Yes. A bar qualifies the same way as any business: funding partners read bank deposits, balance history and open advances, then make quotes you can compare.
Shall we compare offers on an added advance alongside the first for Portland?
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.