Second Position Merchant Cash Advance in Philadelphia, PA
A second position merchant cash advance adds capital to a Philadelphia business already paying an advance, without waiting for the first to end. One application, several funders.
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.
What should a Philadelphia owner know about how it works?
Funders look at how much room the first withdrawal leaves in your bank deposits: the business has to carry both payments on an ordinary day.
What goes into the funder's review?
Funders read the first contract, the bank statements since it funded and the deposits left after its debit. Some first contracts restrict additional advances, so we check yours first.
What room does the first advance leave?
Funders subtract the first withdrawal from an average day's bank deposits. In the example, $407 already goes out each day before the second funder is paid.
Who is a second position merchant cash advance for in Philadelphia?
Among these trades, restaurants have the most locations in Philadelphia: 2,673. Employer density is 18.7 per 1,000 residents here, compared with 24.5 for the country.
| Trade | Businesses in Philadelphia | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 2,673 | 17.0 | 15.4 |
| Clothing and accessories stores | 556 | 3.5 | 3.5 |
| Trucking companies | 543 | 3.4 | 3.3 |
Why would restaurants pick a second position?
Growth for a restaurant looks like a patio build-out or a second location. A second position pays for it mid-term. There are 2,673 here, 9.1% of the city's employers.
What makes clothing and accessories stores a fit?
A clothing store that took a first advance for seasonal inventory bought months ahead doesn't have to wait to fund a pop-up shop or a larger holiday buy. Census counts 556 in Philadelphia; that's 3.5 per 10,000 people.
Is a second position right for trucking companies?
When another rig or more drivers comes up before the payoff date, a trucking company can stack a second position. In the city, 543 operate, or 1.8% of employer companies.
What does a second position merchant cash advance cost in a real example?
Say a restaurant deposits $92,000 a month and already pays $407 a day on its first advance. A second position of $32,000 at a 1.42 factor rate adds $361 a day for six months. Until the first advance finishes, the account carries $767 a day, 18% of an average day's deposits.
| Sample case | Value |
|---|---|
| Monthly deposits (example) | $92,000 |
| First advance, daily debit | $407 |
| Second advance | $32,000 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $361 |
| Combined daily debit | $767 |
| Share of an average day's deposits | 18% |
What moves the price?
Compare second-position quotes on total payback and on the combined daily withdrawal. Check other amounts with the stacked payment calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
Where in Philadelphia do these trades cluster?
Restaurants lead ZIP 19103, at 154 of its 2,613 employers.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 19103 | 2,613 | Restaurants | 154 |
| 19107 | 1,490 | Restaurants | 225 |
| 19147 | 1,192 | Restaurants | 170 |
| 19102 | 1,170 | Restaurants | 69 |
| 19106 | 1,024 | Restaurants | 101 |
| 19104 | 994 | Restaurants | 136 |
How do I apply for a 2nd position MCA in Philadelphia?
- Apply and attach statements that show the first withdrawal.
- A broker calls to confirm how much room the bank deposits leave.
- Offers come back from funders that take second positions, each with the combined daily withdrawal shown.
What else should you consider?
If the goal is lower payments rather than new money, a second position works against you; consolidation is the better fit. If the first advance is nearly done, waiting for a new first-position advance can cost less.
Do we take files from around Philadelphia?
The nearest city on this list is Camden, at 5 miles.
| City | Distance | Employers |
|---|---|---|
| Camden, NJ | 5 miles | 1,035 |
| Norristown, PA | 13 miles | 534 |
| Chester, PA | 17 miles | 394 |
| Glassboro, NJ | 21 miles | 275 |
Which 2nd position MCA questions do Philadelphia, PA owners raise?
Does a second MCA have a shorter term than the first?
Yes, in most offers. Short terms keep the combined withdrawal, $767 a day in the example, from running too long.
Is a second MCA slower to fund than the first?
A little, since funders read the first contract too. A complete file keeps that extra review short.
Do Philadelphia trucking companies qualify for a second position merchant cash advance?
Yes. Philadelphia has 543 trucking companies, and any of them can apply; funding partners decide from deposits, time in business and open advances, and we show you every offer.
Looking at a second position MCA in Philadelphia?
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.