Second Position Merchant Cash Advance in White Plains, NY
Second position merchant cash advances let a White Plains business sell a second slice of future deposits while the first advance is still collecting. One application reaches the funders that do it.
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 does a second position merchant cash advance work?
Two advances, two debits: the second funder's $37,000 in the example is collected alongside the first until each contract is complete.
What do funders look at first?
How much of $106,000 in monthly deposits remains once the first funder is paid, and whether the account has stayed positive since the first advance.
Which funders take second positions?
Only those that place behind an existing advance, and we send the file to them alone. They read the first funder's withdrawal, $469 a day in the example, next to your deposits.
Which trades in White Plains benefit most?
Of the trades on this page, restaurants are the largest group in White Plains, at 152 businesses out of 2,719 employers. Of the city's employers, 208 have 20 to 49 people on payroll.
| Trade | Businesses in White Plains | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 152 | 24.2 | 15.4 |
| Residential remodelers | 58 | 9.2 | 3.9 |
| Landscaping companies | 54 | 8.6 | 3.4 |
How do restaurants in White Plains use it?
A restaurant ready for a patio build-out or a second location can take a second position rather than wait. White Plains has 152 of them, 24.2 per 10,000 residents (U.S.: 15.4).
Why would residential remodelers pick a second position?
When a larger job or another crew comes up before the payoff date, a remodeling company can stack a second position. Census counts 58 in White Plains; that's 9.2 per 10,000 people.
Why do White Plains landscaping companies use a second position?
First advance spent on equipment, crew wages and supplies? A landscaping company can still fund another crew or truck before spring with a second position. White Plains counts 54 of them, 2.0% of local employers.
How do the numbers work out for a restaurant?
A restaurant with $106,000 in monthly deposits pays $469 a day on a first advance. A second of $37,000 at 1.45 adds $426 a day; together, $895.
| Sample case | Value |
|---|---|
| Monthly deposits (example) | $106,000 |
| First advance, daily debit | $469 |
| Second advance | $37,000 |
| Second advance factor rate | 1.45 |
| Second advance, daily debit | $426 |
| Combined daily debit | $895 |
| Percent of daily deposits | 18% |
How can the price come down?
Steady bank deposits since the first advance funded and no missed debits bring the factor rate down. 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.
Where in White Plains do these trades cluster?
The largest ZIP by employer count is 10601, with 1,330; restaurants lead it with 103 locations.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 10601 | 1,330 | Restaurants | 103 |
| 10605 | 656 | Physicians' offices | 24 |
| 10606 | 469 | Residential remodelers | 28 |
What steps get a White Plains file to second position funders?
- Fill out the short application with your current funder, balance and daily debit.
- A broker calls to review the first contract and the bank deposits left after its debit.
- Sign and the second funder sends the money; the first advance continues as before.
When does a second position merchant cash advance not fit?
If the two debits 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. For a gap that repeats each month, a line of credit costs less than stacking advances.
Which cities within 50 miles of White Plains do we serve?
From White Plains, Harrison is 2 miles out. Within 50 miles, Yonkers has the most employers: 4,438.
| City | Distance | Employers |
|---|---|---|
| Harrison, NY | 2 miles | 1,384 |
| Port Chester, NY | 5 miles | 568 |
| New Rochelle, NY | 7 miles | 2,235 |
| Yonkers, NY | 8 miles | 4,438 |
What do people ask about second position funding in White Plains?
Which funder is paid first when two advances run?
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 withdrawal, $426 a day in the example, until it's paid back.
Are residential remodelers in White Plains eligible for a second position merchant cash advance?
Many are, because they run on homeowner deposits and draw payments. Funders still decide each file on deposits and time in business.
Shall we shop a second-position advance for your White Plains business?
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.