Second Position Merchant Cash Advance in Portland, OR
Second positions add capital for Portland 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?
The second position is a separate contract behind the first. In the worked example it adds $378 a day on top of the first debit.
What does the review cover?
How much of $96,000 in monthly bank 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 debit, $424 a day in the example, next to your bank deposits.
Which local businesses does it suit?
Restaurants are the biggest of these trades locally, with 1,688 of the city's 23,476 employer companies. Oregon averages 28.7 employers per 1,000 residents; Portland has 37.0.
| Trade | Businesses in Portland | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 1,688 | 26.6 | 15.4 |
| Residential remodelers | 341 | 5.4 | 3.9 |
| Bars and taverns | 331 | 5.2 | 1.2 |
What does a second position do for restaurants here?
The case for a second advance: a second dining room or a catering kitchen now, with food deliveries, line-cook payroll and equipment upkeep already funded. Portland has 1,688 of them, 26.6 per 10,000 residents (U.S.: 15.4).
Is a second position right for residential remodelers?
Crew payroll, rented equipment and materials took the first advance; a larger job or another crew can take the second. That trade has 341 locations here (5.4 per 10,000 residents).
What does a second position solve for bars and taverns?
Growth for a bar looks like a bigger bar area or added seating. A second position pays for it mid-term. In the city, 331 operate, or 1.4% of employer businesses.
What does a worked example of a second position merchant cash advance look like?
A restaurant bringing in $96,000 a month already pays its first funder $424 a day. Taking $33,500 in second position at 1.42 adds $378, for $802 a day combined until the first advance is done.
| Worked example | Value |
|---|---|
| Monthly deposits (example) | $96,000 |
| First advance, daily debit | $424 |
| Second advance | $33,500 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $378 |
| Combined daily debit | $802 |
| Share of an average day's deposits | 18% |
What earns better terms?
The 1.42 factor in the example reflects second-position risk. More room after the first debit, and a first advance that is mostly paid back, bring it down. Run your figures in the stacked payment calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
Which Portland ZIP codes have the most of these businesses?
ZIP 97214 has 1,887 employers, and its leading trade is restaurants with 200 locations.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 97214 | 1,887 | Restaurants | 200 |
| 97202 | 1,509 | Restaurants | 130 |
| 97209 | 1,469 | Restaurants | 126 |
| 97232 | 1,275 | Restaurants | 95 |
| 97217 | 1,238 | Restaurants | 85 |
| 97220 | 1,148 | Restaurants | 75 |
How do I apply for a second position MCA in Portland, OR?
- Start the form and note the first advance's debit ($424 a day in the example).
- We call to agree the amount before the file goes out.
- Offers come back with the combined withdrawal shown for each.
When is another option better?
For a gap that repeats each month, a line of credit costs less than stacking advances. If you need lower payments rather than more capital, consolidation is the better fit.
Which nearby cities do we also cover?
From Portland, Milwaukie is 7 miles out. Within 50 miles, Vancouver has the most employers: 4,386.
| City | Distance | Employers |
|---|---|---|
| Milwaukie, OR | 7 miles | 596 |
| Vancouver, WA | 7 miles | 4,386 |
| Lake Oswego, OR | 9 miles | 1,769 |
| Beaverton, OR | 9 miles | 3,006 |
What should I ask before signing a second MCA?
What does a 2nd position MCA cost?
In the example, $33,500 at a 1.42 factor, so the payback is $47,570.
Will my first MCA funder know about a second advance?
Your bank statements show the first debit, and the second funder reviews it. Some first contracts restrict additional advances, so we check yours before shopping the file.
What does a bar need to get a second position merchant cash advance?
Recent bank statements and a few minutes for the application. Portland's 331 bars and taverns apply the same way as any other business.
Ready to compare offers on a second-position advance in Portland?
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.