Second Position Merchant Cash Advance in Birmingham, MI
A second position merchant cash advance adds capital to a Birmingham 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.
What does a second position merchant cash advance involve?
For a restaurant, the question is simple: after the first withdrawal, do the day's deposits still cover a second one and the bills?
What will a funder ask for?
How the first advance has been paid, how much of it's left, and what each day's deposits look like after its withdrawal.
How much can the second advance add?
What the deposits can carry after the first debit. The example adds $26,000 for a business depositing $105,000 a month.
Where does a second position merchant cash advance fit in Birmingham's economy?
Here is how the trades on this page are represented among Birmingham's 1,319 employers. Of the city's employers, 57% have fewer than five on payroll, and 121 have 20 to 49.
| Trade | Businesses in Birmingham | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 67 | 30.6 | 15.4 |
| Beauty and nail salons | 51 | 23.3 | 3.4 |
| Clothing and accessories stores | 44 | 20.1 | 3.5 |
How do restaurants in Birmingham use it?
A restaurant ready for a patio build-out or a second location can take a second position rather than wait. Locally, 67 operate, 2.0 times the U.S. rate.
Why would beauty and nail salons pick a second position?
The case for a second advance: more chairs or a treatment room now, with color stock, booth upgrades and rent already funded. That trade has 51 locations here (23.3 per 10,000 residents).
Why do Birmingham clothing and accessories stores use a second position?
Second positions let a clothing store keep stock buys, fixtures and floor staff covered and still fund a second store or a bigger stockroom. Birmingham counts 44 of them, 3.3% of local employers.
How do the numbers work out for a restaurant?
Sized for a restaurant: monthly deposits $105,000, first debit $464, second advance $26,000 at 1.38, combined debit $749 a day.
| Worked example | Value |
|---|---|
| Monthly deposits (example) | $105,000 |
| First advance, daily debit | $464 |
| Second advance | $26,000 |
| Second advance factor rate | 1.38 |
| Second advance, daily debit | $285 |
| Combined daily debit | $749 |
| Share of an average day's deposits | 15% |
How can the price come down?
Steady deposits since the first advance funded and no missed withdrawals bring the factor rate down. Run your figures in the stacked payment calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
How big is Birmingham's share of Oakland County?
The city accounts for 3% of employers in Oakland County. By size, 201 city firms employ 5 to 9 people, compared with 6,957 across the county.
| Employees | Birmingham | Oakland County |
|---|---|---|
| Under 5 | 758 | 20,930 |
| 5 to 9 | 201 | 6,957 |
| 10 to 19 | 171 | 5,257 |
| 20 to 49 | 121 | 4,015 |
What are the steps to get second position funding?
- Start the form and note the first advance's debit ($464 a day in the example).
- We call to go over the first contract and what the account can carry.
- Offers come back from funding partners that take second positions, each with the combined daily withdrawal shown.
What are the alternatives to a second position merchant cash advance?
If the first advance is nearly done, waiting for a new first-position advance can cost less. For a gap that repeats every month, a line of credit costs less than stacking advances.
Do we take files from around Birmingham?
The nearest city on this list is Royal Oak, at 4 miles. The biggest is Troy, home to 4,977 employer companies.
| City | Distance | Employers |
|---|---|---|
| Royal Oak, MI | 4 miles | 1,696 |
| Troy, MI | 5 miles | 4,977 |
| Southfield, MI | 5 miles | 3,476 |
| Oak Park, MI | 6 miles | 617 |
What does a Birmingham business need to know about a second advance?
Can a 2nd position MCA hurt my first advance?
No, as long as the first contract allows it and both debits clear. We read the first contract before shopping the file.
When can I apply for a 2nd position MCA?
Funders want to see several weeks of on-time debits on the first advance before they place a second.
Can a clothing store qualify for a second position merchant cash advance?
Yes. A clothing store qualifies the same way as any business: funders read deposits, balance history and open advances, then make offers you can compare.
Want quotes on a second-position advance side by side for Birmingham?
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.