Second Position Merchant Cash Advance in Eugene, OR
A second position merchant cash advance adds capital to a Eugene business already paying an advance, without waiting for the first to end. One application, several funders.
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What does a second position merchant cash advance involve?
The deciding number is what an average day leaves after the first withdrawal; with $87,000 in monthly deposits, that room sets the size of the second advance.
What do funders look at first?
The first funder's contract terms, plus bank statements showing card sales that settle every day have held up 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, $385 a day in the example, next to your bank deposits.
Which Eugene businesses is a second position merchant cash advance built for?
Restaurants are the biggest of these trades locally, with 214 of the city's 3,303 employer businesses. Of the city's employers, 364 have 20 to 49 people on payroll.
| Trade | Businesses in Eugene | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 214 | 12.0 | 15.4 |
| Clothing and accessories stores | 74 | 4.1 | 3.5 |
| Residential remodelers | 27 | 1.5 | 3.9 |
Why would restaurants pick 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. Eugene counts 214 of them, 6.5% of local employers.
How do clothing and accessories stores in Eugene use it?
A clothing store that took a first advance for stock buys, fixtures and floor staff doesn't have to wait to fund a holiday inventory order or a second storefront. That trade has 74 locations here (4.1 per 10,000 residents).
How does a second position fit residential remodelers?
Growth for a remodeling company looks like a larger job or another crew. A second position pays for it mid-term. Locally, 27 operate, 0.4 times the U.S. rate.
What is the cost for a restaurant?
A restaurant bringing in $87,000 a month already pays its first funder $385 a day. Taking $30,500 in second position at 1.42 adds $344, for $728 a day combined until the first advance is done.
| Example item | Value |
|---|---|
| Monthly deposits (example) | $87,000 |
| First advance, daily debit | $385 |
| Second advance | $30,500 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $344 |
| Combined daily debit | $728 |
| Share of an average day's deposits | 18% |
What sets the cost?
Steady bank deposits since the first advance funded and no missed debits bring the factor rate down. 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.
How does Eugene compare with Lane County?
The city accounts for 33% of employers in Lane County. By size, 612 city firms employ 5 to 9 people, compared with 1,992 across the county.
| Employees | Eugene | Lane County |
|---|---|---|
| Under 5 | 1,641 | 5,249 |
| 5 to 9 | 612 | 1,992 |
| 10 to 19 | 511 | 1,446 |
| 20 to 49 | 364 | 986 |
How do Eugene owners get a second advance on top of the first?
- Apply in about five minutes and list the advance you already have.
- We call to go over the first contract and what the account can carry.
- You choose the offer whose combined withdrawal your deposits can carry, then sign.
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 the two withdrawals would take too much of an average day's bank deposits, a second position adds strain. In that case consolidation replaces the advances with one lower payment.
Do we take files from around Eugene?
Springfield sits 7 miles from Eugene.
| City | Distance | Employers |
|---|---|---|
| Springfield, OR | 7 miles | 771 |
What do owners ask about second advance costs and terms?
What does a 2nd position MCA cost?
In the example, $30,500 at a 1.42 factor, so the payback is $43,310.
How much are daily payments on a first and second MCA?
Add the two debits together. In the worked example, the account carries $728 a day until the first advance ends.
What does a remodeling company need to get a second position merchant cash advance?
Recent bank statements and a few minutes for the application. Eugene's 27 residential remodelers apply the same way as any other business.
Want quotes on an added advance alongside the first for your Eugene firm?
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.