Second Position Merchant Cash Advance in Gresham, OR
Second positions add capital for Gresham owners without waiting for a payoff date. We send one application to funding partners that sit behind an existing advance.
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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 will a funder ask for?
Funders read the first contract, the statements since it funded and the deposits left after its withdrawal. Some first contracts restrict additional advances, so we check yours first.
How much can the second advance add?
What the bank deposits can carry after the first debit. The example adds $26,500 for a business depositing $89,000 a month.
Which trades in Gresham benefit most?
Restaurants lead the trades below with 144 locations in Gresham, a city of 2,008 employer companies. The city's employers are mostly small: 1,055 have fewer than five employees.
| Trade | Businesses in Gresham | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 144 | 12.9 | 15.4 |
| Trucking companies | 44 | 3.9 | 3.3 |
| Residential remodelers | 38 | 3.4 | 3.9 |
What does a second position do for restaurants here?
Growth for a restaurant looks like a patio build-out or a second location. A second position pays for it mid-term. Census data lists 144 in the city.
How does a second position fit trucking companies?
First advance spent on diesel, maintenance, insurance and driver wages? A trucking company can still fund another truck or trailer with a second position. Locally, 44 operate, 1.2 times the U.S. rate.
How do residential remodelers in Gresham use it?
Mid-term growth for a remodeling company means a second crew or bigger contracts; a second position pays for it. That trade has 38 locations here (3.4 per 10,000 residents).
How would the numbers look for a restaurant?
Sized for a restaurant: monthly deposits $89,000, first debit $394, second advance $26,500 at 1.38, combined debit $684 a day.
| Sample figure | Value |
|---|---|
| Monthly deposits (example) | $89,000 |
| First advance, daily debit | $394 |
| Second advance | $26,500 |
| Second advance factor rate | 1.38 |
| Second advance, daily debit | $290 |
| Combined daily debit | $684 |
| Debit as a share of daily deposits | 16% |
What drives the total cost?
The combined $684 daily debit in the example is what funders price against; more room after the first withdrawal means better terms. For your own numbers, use the stacked payment calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
How does Gresham compare with Multnomah County?
Measured per resident, Gresham has 18.0 employers per 1,000 people and Multnomah County has 34.2. In raw numbers, that is 2,008 in the city out of 27,204 in the county.
| Employees | Gresham | Multnomah County |
|---|---|---|
| Under 5 | 1,055 | 14,456 |
| 5 to 9 | 390 | 4,943 |
| 10 to 19 | 275 | 3,704 |
| 20 to 49 | 199 | 2,618 |
What are the steps to get second position funding?
- Fill out the short application; mention the first contract's date.
- We check whether your first contract allows a second position before the file goes anywhere.
- You compare quotes with the combined withdrawal beside each one, $684 a day in the example.
What else should you consider?
If you need lower payments rather than more capital, consolidation is the better fit. For a gap that repeats every month, a line of credit costs less than stacking advances.
Which nearby cities are covered?
The nearest city on this list is Happy Valley, at 6 miles. The biggest is Portland, home to 23,476 employer businesses.
| City | Distance | Employers |
|---|---|---|
| Happy Valley, OR | 6 miles | 968 |
| Milwaukie, OR | 10 miles | 596 |
| Portland, OR | 10 miles | 23,476 |
| Vancouver, WA | 12 miles | 4,386 |
What should I ask before signing a second MCA?
Can any business get a second MCA?
Yes. A restaurant is judged like any business: deposits, the first withdrawal and the room left between them.
Can a 2nd position MCA hurt my first advance?
No, as long as the first contract allows it and both withdrawals clear. We read the first contract before shopping the file.
What does a trucking company need to get a second position merchant cash advance?
Recent bank statements and a few minutes for the application. Gresham's 44 trucking companies apply the same way as any other business.
Shall we compare offers on a second-position advance for Gresham?
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.