Second Position Merchant Cash Advance in Taunton, MA
A second position merchant cash advance adds funding for a Taunton business that already has an advance. We take one application to funders that accept second positions and lay out their quotes.
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 is a second position advance set up?
A second position is an additional advance that sits behind one you already have. The first funder keeps its debit, and the second funder adds its own.
What will a funder ask for?
Mainly two things: what the first debit leaves in the account each day, and whether the first contract permits a second position.
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.
Who is a second position merchant cash advance for in Taunton?
Among these trades, restaurants have the most locations in Taunton: 74. Of the city's employers, 51% have fewer than five on payroll, and 129 have 20 to 49.
| Trade | Businesses in Taunton | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 74 | 11.8 | 15.4 |
| Electrical contractors | 29 | 4.6 | 2.4 |
| Residential remodelers | 27 | 4.3 | 3.9 |
Why do Taunton restaurants use a second position?
The case for a second advance: an outdoor seating area or new kitchen line now, with food orders, payroll and kitchen repairs already funded. Taunton has 74 of them, 11.8 per 10,000 residents (U.S.: 15.4).
Why would electrical contractors pick a second position?
First advance spent on wire, panels, fixtures and crew payroll? An electrical contractor can still fund a bigger commercial job or another crew with a second position. Census data lists 29 in the city.
How do residential remodelers in Taunton use it?
When a second crew or bigger contracts comes up before the payoff date, a remodeling company can stack a second position. Locally, 27 operate, 1.1 times the U.S. rate.
How do the numbers work out for a restaurant?
Here is a restaurant with $91,000 in monthly deposits and a first advance that takes $402 a day. Adding $23,000 in second position at 1.42 puts another $259 on each business day over six months, for a combined $662 a day: 15% of a typical day's deposits.
| Example item | Value |
|---|---|
| Monthly deposits (example) | $91,000 |
| First advance, daily debit | $402 |
| Second advance | $23,000 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $259 |
| Combined daily debit | $662 |
| Percent of daily deposits | 15% |
What drives the total cost?
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 quotes. Try your own numbers in the stacked payment calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
How do Taunton employers compare with the rest of Bristol County?
Measured per resident, Taunton has 19.8 employers per 1,000 people and Bristol County has 22.3. In raw numbers, that is 1,238 in the city out of 13,221 in the county.
| Employees | Taunton | Bristol County |
|---|---|---|
| Under 5 | 630 | 7,052 |
| 5 to 9 | 240 | 2,415 |
| 10 to 19 | 154 | 1,696 |
| 20 to 49 | 129 | 1,337 |
How do I get a second MCA in Taunton, MA?
- Send the application and the details of your first advance, such as a debit of $402 a day.
- We check whether your first contract allows a second position before the file goes anywhere.
- You compare quotes with the combined withdrawal beside each one, $662 a day in the example.
What else should you consider?
Skip it when the first debit already takes a heavy share of deposits. Consolidating first, or waiting until the first advance is mostly repaid, leaves more room. For a gap that repeats every month, a line of credit costs less than stacking advances.
Is a second position merchant cash advance available near Taunton?
From Taunton, Bridgewater Town is 8 miles out. Within 50 miles, Fall River has the most employers: 2,014.
| City | Distance | Employers |
|---|---|---|
| Bridgewater Town, MA | 8 miles | 535 |
| Attleboro, MA | 10 miles | 969 |
| Fall River, MA | 12 miles | 2,014 |
| Brockton, MA | 13 miles | 1,893 |
What should a Taunton owner check before a second MCA?
Who gets paid first on a second position MCA?
The first funder. That order is why second positions are priced higher.
How much does a second MCA cost?
In the example, $23,000 at a 1.42 factor, so the payback is $32,660.
What does an electrical contractor need to get a second position merchant cash advance?
Recent bank statements and a few minutes for the application. Taunton's 29 electrical contractors apply the same way as any other business.
Want quotes on a second advance for your Taunton firm?
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.