Second Position Merchant Cash Advance in Asheville, NC
Second position merchant cash advances let Asheville owners raise more capital while a first advance is still running. We send one file to the funders that take them and compare the offers with you.
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?
The second position is a separate contract behind the first. In the worked example it adds $307 a day on top of the first withdrawal.
What does the review cover?
The first funder's contract terms, plus statements showing nightly card and takeout sales have held up since the first advance.
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 in Asheville uses a second position merchant cash advance?
Of the trades on this page, restaurants are the largest group in Asheville, at 222 companies out of 3,279 employers. The city has 35.1 employers per 1,000 residents, against 23.1 across North Carolina and 24.5 nationally.
| Trade | Businesses in Asheville | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 222 | 23.7 | 15.4 |
| Clothing and accessories stores | 80 | 8.6 | 3.5 |
| Bars and taverns | 42 | 4.5 | 1.2 |
What makes restaurants a fit?
A restaurant ready for an outdoor seating area or new kitchen line can take a second position rather than wait. Census counts 222 in Asheville; that's 23.7 per 10,000 people.
When do clothing and accessories stores reach for a second position?
When a holiday inventory order or a second storefront comes up before the payoff date, a clothing store can stack a second position. There are 80 here, 2.4% of the city's employers.
Why do Asheville bars and taverns use a second position?
First advance spent on liquor, staff and upkeep? A bar can still fund a bigger bar area or added seating with a second position. Local count: 42, 3.8 times the national rate per resident.
What does a worked example of a second position merchant cash advance look like?
With monthly deposits of $93,000 and a first debit of $411, a restaurant adding a $28,000 second position at 1.38 would carry $718 a day in total for six months.
| Sample case | Value |
|---|---|
| Monthly deposits (example) | $93,000 |
| First advance, daily debit | $411 |
| Second advance | $28,000 |
| Second advance factor rate | 1.38 |
| Second advance, daily debit | $307 |
| Combined daily debit | $718 |
| Portion of a typical day's deposits | 16% |
What makes an offer cheaper?
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. 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.
How does Asheville compare with Buncombe County?
Of Buncombe County's 9,863 employers, 3,279 are in Asheville. Among firms with 5 to 9 employees, the city has 553 and the county 1,673.
| Employees | Asheville | Buncombe County |
|---|---|---|
| Under 5 | 1,807 | 5,689 |
| 5 to 9 | 553 | 1,673 |
| 10 to 19 | 427 | 1,165 |
| 20 to 49 | 345 | 902 |
How do I apply for a second position MCA in Asheville, NC?
- Start at afterfirstmca.com/apply and note the funder and balance of your first advance.
- We call to agree the amount before the file goes out.
- Sign and the second funder sends the money; the first advance continues as before.
What are the alternatives to a second position merchant cash advance?
For a gap that repeats every month, a line of credit costs less than stacking advances. If revenue swings, revenue-based financing after the first advance ends can fit better.
Which nearby cities do we also cover?
Greer sits 48 miles from Asheville.
| City | Distance | Employers |
|---|---|---|
| Greer, SC | 48 miles | 684 |
Before a second advance, what do Asheville owners check?
How soon can I get a second MCA after the first?
Funders want to see several weeks of on-time withdrawals on the first advance before they place a second.
What does a 2nd position MCA cost?
In the example, $28,000 at a 1.38 factor, so the payback is $38,640.
What does a clothing store need to get a second position merchant cash advance?
Recent bank statements and a few minutes for the application. Asheville's 80 clothing and accessories stores apply the same way as any other business.
Shall we shop a second advance on top of the first for your Asheville 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.