Second Position Merchant Cash Advance in Quincy, MA
A Quincy business partway through an advance can raise more with a second position, priced on what its deposits can carry after the first withdrawal. We shop the file for you.
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What is a second position merchant cash advance, and how is it repaid?
The deciding number is what an average day leaves after the first withdrawal; with $99,000 in monthly deposits, that room sets the size of the second advance.
What does the review cover?
With monthly bank deposits of $99,000 in the example, funders check what the account can carry once the first withdrawal clears.
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 lead the trades below with 192 locations in Quincy, a city of 2,190 employer businesses. The city's employers are mostly small: 1,190 have fewer than five employees.
| Trade | Businesses in Quincy | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 192 | 18.6 | 15.4 |
| Beauty and nail salons | 56 | 5.4 | 3.4 |
| Plumbing and HVAC contractors | 44 | 4.3 | 3.2 |
What does a second position solve for restaurants?
The second position gives a restaurant room for a patio build-out or a second location while the first keeps running. That trade has 192 locations here (18.6 per 10,000 residents).
How does a second position fit beauty and nail salons?
Color stock, booth upgrades and rent took the first advance; more chairs or a treatment room can take the second. Quincy has 56 of them, 5.4 per 10,000 residents (U.S.: 3.4).
Why do Quincy plumbing and HVAC contractors use a second position?
When another install crew or a second van comes up before the payoff date, an HVAC or plumbing company can stack a second position. Census counts 44 in Quincy; that's 4.3 per 10,000 people.
How do the numbers work out for a restaurant?
A restaurant with $99,000 in monthly deposits pays $438 a day on a first advance. A second of $29,500 at 1.38 adds $323 a day; together, $761.
| Sample figure | Value |
|---|---|
| Monthly deposits (example) | $99,000 |
| First advance, daily debit | $438 |
| Second advance | $29,500 |
| Second advance factor rate | 1.38 |
| Second advance, daily debit | $323 |
| Combined daily debit | $761 |
| Percent of daily deposits | 16% |
How do you compare offers?
Second positions cost more than first positions because the second funder sits behind the first. Funders price from how much room your deposits leave after the first debit. 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.
Where in Quincy are employers concentrated?
The largest ZIP by employer count is 02169, with 1,533; restaurants lead it with 104 locations.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 02169 | 1,533 | Restaurants | 104 |
| 02171 | 392 | Restaurants | 49 |
| 02170 | 261 | Restaurants | 40 |
How does a Quincy business apply for a second advance?
- Fill out the short application with your current funder, balance and daily withdrawal.
- We call to agree the amount before the file goes out.
- You compare quotes with the combined debit beside each one, $761 a day in the example.
When is another option better?
If the goal is lower payments rather than new money, a second position works against you; consolidation is the better fit. If the first advance is nearly done, waiting for a new first-position advance can cost less.
Which towns around Quincy can apply?
The nearest city on this list is Braintree Town, at 4 miles. The biggest is Boston, home to 20,036 employer businesses.
| City | Distance | Employers |
|---|---|---|
| Braintree Town, MA | 4 miles | 1,548 |
| Weymouth Town, MA | 5 miles | 1,287 |
| Boston, MA | 5 miles | 20,036 |
| Randolph Town, MA | 6 miles | 680 |
What should I ask before signing a second MCA?
Who gets paid first on a second position MCA?
The first funder. That order is why second positions are priced higher.
What if my first advance is paid off before the second?
The account then carries only the second debit, $323 a day in the example, until it's repaid.
Do Quincy plumbing and HVAC contractors qualify for a second position merchant cash advance?
Yes. Quincy has 44 plumbing and HVAC contractors, and any of them can apply; funders decide from deposits, time in business and open advances, and we show you every offer.
Want a broker to shop a second-position advance for your Quincy file?
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.