Second Position Merchant Cash Advance in Southaven, MS
A Southaven business partway through an advance can raise more with a second position, priced on what its deposits can carry after the first debit. We shop the file for you.
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What does a second position merchant cash advance involve?
Think of it as a second advance stacked on the first. Both funding partners withdrawal the account, so a business already paying $394 a day takes on a second payment beside it.
What does the review cover?
With $394 a day already going to the first funder, the review comes down to whether the rest of the deposits can carry a second debit.
What room does the first advance leave?
Funders subtract the first withdrawal from an average day's deposits. In the example, $394 already goes out each day before the second funder is paid.
Which trades in Southaven benefit most?
Of the trades on this page, restaurants are the largest group in Southaven, at 125 companies out of 1,226 employers. The city has 21.2 employers per 1,000 residents, against 20.5 across Mississippi and 24.5 nationally.
| Trade | Businesses in Southaven | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 125 | 21.6 | 15.4 |
| Clothing and accessories stores | 79 | 13.7 | 3.5 |
| Trucking companies | 17 | 2.9 | 3.3 |
How do restaurants in Southaven use it?
First advance spent on food orders, payroll and kitchen repairs? A restaurant can still fund an outdoor seating area or new kitchen line with a second position. Census data lists 125 in the city.
How does a second position fit clothing and accessories stores?
Mid-term growth for a clothing store means a holiday inventory order or a second storefront; a second position pays for it. There are 79 here, 6.4% of the city's employers.
What does a second position do for trucking companies here?
Second positions let a trucking company keep diesel, maintenance, insurance and driver wages covered and still fund another truck or trailer. The city counts 17, at 0.9x the U.S. density.
How much does a second position merchant cash advance cost a restaurant?
Sized for a restaurant: monthly deposits $89,000, first debit $394, second advance $26,500 at 1.42, combined debit $692 a day.
| Example item | Value |
|---|---|
| Monthly deposits (example) | $89,000 |
| First advance, daily debit | $394 |
| Second advance | $26,500 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $299 |
| Combined daily debit | $692 |
| Portion of a typical day's deposits | 16% |
How do you compare offers?
Pricing follows risk: how much of each day's bank deposits the first funder already takes, and how the account has run since that advance funded. Check other amounts with the stacked payment calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
How big is Southaven's share of DeSoto County?
Measured per resident, Southaven has 21.2 employers per 1,000 people and DeSoto County has 16.9. In raw numbers, that is 1,226 in the city out of 3,349 in the county.
| Employees | Southaven | DeSoto County |
|---|---|---|
| Under 5 | 485 | 1,486 |
| 5 to 9 | 260 | 697 |
| 10 to 19 | 201 | 509 |
| 20 to 49 | 175 | 417 |
How do I get a second MCA in Southaven, MS?
- List your current funder and balance on the form.
- A broker phones to confirm the amount and read the first contract's terms.
- Offers come back from funders that take second positions, each with the combined daily withdrawal shown.
When is another option better?
If the two withdrawals would take too much of an average day's deposits, a second position adds strain. In that case consolidation replaces the advances with one lower payment. If revenue swings, revenue-based financing after the first advance ends can fit better.
Which towns around Southaven can apply?
The nearest city on this list is Horn Lake, at 4 miles. The biggest is Memphis, home to 13,000 employer businesses.
| City | Distance | Employers |
|---|---|---|
| Horn Lake, MS | 4 miles | 335 |
| Olive Branch, MS | 8 miles | 461 |
| Memphis, TN | 11 miles | 13,000 |
| Germantown, TN | 14 miles | 1,223 |
What does a Southaven business need to know about a second advance?
Can I get a second MCA with bad credit?
Yes. Deposits and how the first advance has run matter more than the credit score.
When can I apply for a 2nd position MCA?
Funders want to see several weeks of on-time withdrawals on the first advance before they place a second.
What does a restaurant need to get a second position merchant cash advance?
Recent bank statements and a few minutes for the application. Southaven's 125 restaurants apply the same way as any other business.
Want offers on a second advance on top of the first side by side for Southaven?
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.