Second Position Merchant Cash Advance in Boston, MA
If your Boston business is partway through one advance and needs more, a second position merchant cash advance adds capital on top of it. One application reaches funding partners that accept second positions.
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?
With a second position, a new funder advances cash behind an existing funder. Each collects its own withdrawal until its payback is complete.
What does the review cover?
How the first advance has been paid, how much of it's left, and what each day's bank deposits look like after its debit.
What room does the first advance leave?
Funders subtract the first withdrawal from an average day's deposits. In the example, $447 already goes out every day before the second funder is paid.
Which local businesses does it suit?
Boston has 20,036 employer businesses. The table lists the trades on this page where a second position merchant cash advance fits, with how many of each operate here. Massachusetts averages 25.7 employers per 1,000 residents; Boston has 29.8.
| Trade | Businesses in Boston | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 1,606 | 23.9 | 15.4 |
| Clothing and accessories stores | 406 | 6.0 | 3.5 |
| Beauty and nail salons | 390 | 5.8 | 3.4 |
Why do Boston restaurants use a second position?
When an outdoor seating area or new kitchen line comes up before the payoff date, a restaurant can stack a second position. Boston counts 1,606 of them, 8.0% of local employers.
How do local clothing and accessories stores use a second position?
Stock buys, fixtures and floor staff took the first advance; a holiday inventory order or a second storefront can take the second. That trade has 406 locations here (6.0 per 10,000 residents).
What does a second position do for beauty and nail salons here?
The second position gives a salon room for new stations or a remodel while the first keeps running. Locally, 390 operate, 1.7 times the U.S. rate.
How much does a second position merchant cash advance cost a restaurant?
Here is a restaurant with $101,000 in monthly deposits and a first advance that takes $447 a day. Adding $25,000 in second position at 1.42 puts another $282 on each business day over six months, for a combined $728 a day: 15% of a typical day's deposits.
| Example item | Value |
|---|---|
| Monthly deposits (example) | $101,000 |
| First advance, daily debit | $447 |
| Second advance | $25,000 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $282 |
| Combined daily debit | $728 |
| Share of an average day's deposits | 15% |
What sets the cost?
The 1.42 factor in the example reflects second-position risk. More room after the first withdrawal, and a first advance that is mostly repaid, bring it down. 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.
Which parts of Boston are busiest?
The largest ZIP by employer count is 02116, with 2,062; clothing and accessories stores lead it with 138 locations.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 02116 | 2,062 | Clothing and accessories stores | 138 |
| 02110 | 1,862 | Restaurants | 61 |
| 02109 | 1,309 | Restaurants | 62 |
| 02210 | 1,143 | Restaurants | 68 |
| 02108 | 1,084 | Restaurants | 61 |
| 02111 | 938 | Restaurants | 98 |
How does a Boston business apply for a second advance?
- Fill out the short application; mention the first contract's date.
- We read the first contract for any limits on a second position.
- You compare second-position quotes and sign the one that fits.
Is a second position merchant cash advance ever the wrong tool?
If the two withdrawals would take too much of an average day's bank deposits, a second position adds strain. In that case consolidation replaces the advances with one lower payment. If the first advance is nearly done, waiting for a new first-position advance can cost less.
Which neighboring cities can apply?
From Boston, Chelsea is 4 miles out. Within 50 miles, Quincy has the most employers: 2,190.
| City | Distance | Employers |
|---|---|---|
| Chelsea, MA | 4 miles | 759 |
| Everett, MA | 5 miles | 874 |
| Quincy, MA | 5 miles | 2,190 |
| Somerville, MA | 6 miles | 1,566 |
Before a second advance, what do Boston owners check?
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.
What does a 2nd position MCA cost?
In the example, $25,000 at a 1.42 factor, so the payback is $35,500.
Are clothing and accessories stores in Boston eligible for a second position merchant cash advance?
Many are, because they run on card sales at the register. Funders still decide each file on deposits and time in business.
Looking at a second-position advance in Boston?
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.