Second Position Merchant Cash Advance in Oklahoma City, OK
A second position merchant cash advance adds funding for an Oklahoma City business that already has an advance. We take one application to funders that accept second positions and lay out their offers.
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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 withdrawal, and the second funder adds its own.
What does the review cover?
The first advance's balance and withdrawal, statements since it funded, and whether its contract allows a second position. With a first debit of $433 a day, room in deposits decides the size.
What room does the first advance leave?
Funders subtract the first debit from an average day's bank deposits. In the example, $433 already goes out each day before the second funder is paid.
Which trades in Oklahoma City benefit most?
Oklahoma City has 21,081 employer businesses. The table lists the trades on this page where a second position merchant cash advance fits, with how many of each operate here. Of the city's employers, 2,225 have 20 to 49 people on payroll.
| Trade | Businesses in Oklahoma City | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 1,274 | 17.7 | 15.4 |
| Clothing and accessories stores | 328 | 4.6 | 3.5 |
| Plumbing and HVAC contractors | 252 | 3.5 | 3.2 |
Why do Oklahoma City restaurants use a second position?
When a second dining room or a catering kitchen comes up before the payoff date, a restaurant can stack a second position. Census counts 1,274 in Oklahoma City; that's 17.7 per 10,000 people.
When do clothing and accessories stores reach for a second position?
A clothing store ready for a second store or a bigger stockroom can take a second position rather than wait. Oklahoma City counts 328 of them, 1.6% of local employers.
What makes plumbing and HVAC contractors a fit?
Mid-term growth for an HVAC or plumbing company means an added technician before peak season; a second position pays for it. Census data lists 252 in the city.
What would a restaurant pay for a second position merchant cash advance?
Here is a restaurant with $98,000 in monthly deposits and a first advance that takes $433 a day. Adding $24,500 in second position at 1.38 puts another $268 on each business day over six months, for a combined $702 a day: 15% of a typical day's deposits.
| Sample figure | Value |
|---|---|
| Monthly deposits (example) | $98,000 |
| First advance, daily debit | $433 |
| Second advance | $24,500 |
| Second advance factor rate | 1.38 |
| Second advance, daily debit | $268 |
| Combined daily debit | $702 |
| Debit as a share of daily deposits | 15% |
What makes an offer cheaper?
A first advance that is mostly paid back makes a second position cheaper, because less sits ahead of the second funder. 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.
Which parts of Oklahoma City are busiest?
ZIP 73013 has 2,071 employers, and its leading trade is physicians' offices with 98 locations.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 73013 | 2,071 | Physicians' offices | 98 |
| 73099 | 1,474 | Restaurants | 95 |
| 73112 | 1,328 | Physicians' offices | 105 |
| 73120 | 1,203 | Physicians' offices | 136 |
| 73116 | 1,137 | Restaurants | 44 |
| 73118 | 1,098 | Clothing and accessories stores | 88 |
Where do Oklahoma City owners apply for a 2nd position MCA?
- List your current funder and balance on the form.
- We check the request against monthly bank deposits of $98,000 in the example.
- Each offer shows its factor rate; the example uses 1.38.
When should you choose something else?
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. For a gap that repeats each month, a line of credit costs less than stacking advances.
Do we take files from around Oklahoma City?
Del City sits 4 miles from Oklahoma City. Moore counts 1,106 employer businesses, the most within 50 miles.
| City | Distance | Employers |
|---|---|---|
| Del City, OK | 4 miles | 325 |
| Bethany, OK | 8 miles | 316 |
| Midwest City, OK | 8 miles | 812 |
| Moore, OK | 10 miles | 1,106 |
What should I ask before signing a second MCA?
Is a second MCA slower to fund than the first?
A little, since funding partners read the first contract too. A complete file keeps that extra review short.
Does the first funder find out about a second MCA?
Your statements show the first withdrawal, and the second funder reviews it. Some first contracts restrict additional advances, so we check yours before shopping the file.
Are restaurants in Oklahoma City eligible for a second position merchant cash advance?
Many are, because they run on card sales that settle every day. Funders still decide each file on bank deposits and time in business.
Ready to compare offers on a second-position advance in Oklahoma City?
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.