Second Position Merchant Cash Advance in South Portland, ME
A second position merchant cash advance adds capital to a South Portland business already paying an advance, without waiting for the first to end. One application, several funders.
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 does a second position merchant cash advance work?
Think of it as a second advance stacked on the first. Both funders debit the account, so a business already paying $442 a day takes on a second payment beside it.
What does a funder need to see?
The first funder's contract terms, plus bank statements showing daily card batches from the dining room have held up 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?
Census counts show 1,237 employer companies in South Portland; the table gives the local count and density for each trade discussed below. Employer density is 45.8 per 1,000 residents here, compared with 24.5 for the country.
| Trade | Businesses in South Portland | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 80 | 29.6 | 15.4 |
| Clothing and accessories stores | 66 | 24.4 | 3.5 |
| Landscaping companies | 22 | 8.1 | 3.4 |
What does a second position do for restaurants here?
When a second dining room or a catering kitchen comes up before the payoff date, a restaurant can stack a second position. The city counts 80, at 1.9x the U.S. density.
Why would clothing and accessories stores pick a second position?
First advance spent on seasonal inventory bought months ahead? A clothing store can still fund a pop-up shop or a larger holiday buy with a second position. South Portland counts 66 of them, 5.3% of local employers.
What makes landscaping companies a fit?
The case for a second advance: a larger fleet ahead of the season now, with crews, fuel, plants and mowers already funded. That trade has 22 locations here (8.1 per 10,000 residents).
How do the numbers work out for a restaurant?
Sized for a restaurant: monthly deposits $100,000, first debit $442, second advance $30,000 at 1.42, combined debit $780 a day.
| Worked example | Value |
|---|---|
| Monthly deposits (example) | $100,000 |
| First advance, daily debit | $442 |
| Second advance | $30,000 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $338 |
| Combined daily debit | $780 |
| Portion of a typical day's deposits | 16% |
What makes an offer cheaper?
A second funder is paid behind the first, so second positions are priced above first positions. The lower the combined debit is as a share of deposits, the better the offers. The stacked payment calculator lets you test other amounts.
Free to apply. You never pay us a fee. We call back, usually the same business day.
How big is South Portland's share of Cumberland County?
The city accounts for 10% of employers in Cumberland County. By size, 259 city firms employ 5 to 9 people, compared with 2,187 across the county.
| Employees | South Portland | Cumberland County |
|---|---|---|
| Under 5 | 534 | 6,743 |
| 5 to 9 | 259 | 2,187 |
| 10 to 19 | 176 | 1,509 |
| 20 to 49 | 158 | 1,188 |
What are the steps to get second position funding?
- Fill out the short application; mention the first contract's date.
- A broker calls to review the first contract and the bank deposits left after its withdrawal.
- Each offer shows its factor rate; the example uses 1.42.
When is another option 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. For a gap that repeats each month, a line of credit costs less than stacking advances.
Which cities within 50 miles of South Portland do we serve?
Closest on the list: Portland, 5 miles away.
| City | Distance | Employers |
|---|---|---|
| Portland, ME | 5 miles | 4,003 |
| Westbrook, ME | 6 miles | 700 |
| Saco, ME | 10 miles | 675 |
| Biddeford, ME | 14 miles | 482 |
Which second position merchant cash advance questions come up most?
Can any business get a second MCA?
Yes. A restaurant is judged like any business: deposits, the first withdrawal and the room left between them.
How much are daily payments on a first and second MCA?
Add the two withdrawals together. In the worked example, the account carries $780 a day until the first advance ends.
What does a restaurant need to get a second position merchant cash advance?
Recent bank statements and a few minutes for the application. South Portland's 80 restaurants apply the same way as any other business.
Ready to send your South Portland file for a second advance on top of the first?
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.