Second Position Merchant Cash Advance in Beverly, MA
A second position merchant cash advance adds capital to a Beverly business already paying an advance, without waiting for the first to end. One application, several funders.
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What should a Beverly owner know about how it works?
Two advances, two debits: the second funder's $26,000 in the example is collected alongside the first until each contract is complete.
What do funders check?
Funders read the first contract, the bank statements since it funded and the bank deposits left after its withdrawal. Some first contracts restrict additional advances, so we check yours first.
Why take a second position instead of waiting?
Because the opportunity is now. For a restaurant, that means an outdoor seating area or new kitchen line while the first advance is still running.
Where does a second position merchant cash advance fit in Beverly's economy?
Restaurants lead the trades below with 85 locations in Beverly, a city of 1,301 employer companies. That works out to 30.0 employer businesses per 1,000 residents; 49% of them have fewer than five on payroll.
| Trade | Businesses in Beverly | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 85 | 19.6 | 15.4 |
| Residential remodelers | 35 | 8.1 | 3.9 |
| Beauty and nail salons | 34 | 7.8 | 3.4 |
What makes restaurants a fit?
The case for a second advance: a second dining room or a catering kitchen now, with food deliveries, line-cook payroll and equipment upkeep already funded. Beverly counts 85 of them, 6.5% of local employers.
Is a second position right for residential remodelers?
First advance spent on materials, subcontractors and crew payroll? A remodeling company can still fund a larger job or another crew with a second position. Census data lists 35 in the city.
How do beauty and nail salons in Beverly use it?
When a renovated space or added spa rooms comes up before the payoff date, a salon can stack a second position. There are 34 here, 2.6% of the city's employers.
How much does a second position merchant cash advance cost a restaurant?
A restaurant with $86,000 in monthly deposits pays $380 a day on a first advance. A second of $26,000 at 1.38 adds $285 a day; together, $665.
| Sample case | Value |
|---|---|
| Monthly deposits (example) | $86,000 |
| First advance, daily debit | $380 |
| Second advance | $26,000 |
| Second advance factor rate | 1.38 |
| Second advance, daily debit | $285 |
| Combined daily debit | $665 |
| Portion of a typical day's deposits | 16% |
What drives the total cost?
A first advance that is mostly paid back makes a second position cheaper, because less sits ahead of the second funder. 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 does Beverly compare with Essex County?
Beverly holds 1,301 of the 19,988 employer companies in Essex County, 7% of the county total. The county has 24.2 employers per 1,000 residents; the city has 30.0.
| Employees | Beverly | Essex County |
|---|---|---|
| Under 5 | 635 | 11,119 |
| 5 to 9 | 281 | 3,740 |
| 10 to 19 | 176 | 2,412 |
| 20 to 49 | 125 | 1,717 |
How do I start a second advance request from Beverly?
- Start the form and note the first advance's withdrawal ($380 a day in the example).
- We check the request against monthly bank deposits of $86,000 in the example.
- You compare second-position offers and sign the one that fits.
What else should you consider?
If you need lower payments rather than more capital, consolidation is the better fit. For a gap that repeats every month, a line of credit costs less than stacking advances.
Which nearby cities do we also cover?
From Beverly, Salem is 5 miles out. Within 50 miles, Lynn has the most employers: 1,811.
| City | Distance | Employers |
|---|---|---|
| Salem, MA | 5 miles | 1,174 |
| Peabody, MA | 7 miles | 1,542 |
| Lynn, MA | 8 miles | 1,811 |
| Gloucester, MA | 10 miles | 897 |
What should I know before taking a 2nd position MCA?
Does a second MCA affect my first advance?
No, as long as the first contract allows it and both withdrawals clear. We read the first contract before shopping the file.
Who gets paid first on a second position MCA?
The first funder. That order is why second positions are priced higher.
Can a restaurant qualify for a second position merchant cash advance?
Yes. A restaurant qualifies the same way as any business: funders read deposits, balance history and open advances, then make quotes you can compare.
Shall we compare offers on a second-position advance for Beverly?
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.