Second Position Merchant Cash Advance in Scranton, PA
Already repaying an advance? A second position lets a Scranton business add capital before the first is finished. We shop the file to funders that take second positions.
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.
How does a second position merchant cash advance work?
A second position is an additional advance that sits behind one you already have. The first funder keeps its debit, and the second funder adds its own.
What do funders check?
With monthly deposits of $90,000 in the example, funding partners check what the account can carry once the first debit clears.
How long do both debits overlap?
Until the first advance finishes. In the meantime, the account carries $694 a day, so the review checks that deposits cover it.
Who in Scranton uses a second position merchant cash advance?
Here is how the trades on this page are represented among Scranton's 1,575 employers. Of the city's employers, 160 have 20 to 49 people on payroll.
| Trade | Businesses in Scranton | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 129 | 17.1 | 15.4 |
| Clothing and accessories stores | 42 | 5.6 | 3.5 |
| Beauty and nail salons | 26 | 3.4 | 3.4 |
What does a second position do for restaurants here?
Food deliveries, line-cook payroll and equipment upkeep took the first advance; a second dining room or a catering kitchen can take the second. Census counts 129 in Scranton; that's 17.1 per 10,000 people.
Is a second position right for clothing and accessories stores?
The case for a second advance: a pop-up shop or a larger holiday buy now, with inventory ordered a season ahead already funded. Scranton counts 42 of them, 2.7% of local employers.
What does a second position solve for beauty and nail salons?
First advance spent on retail product, chairs and stylist pay? A salon can still fund a renovated space or added spa rooms with a second position. Census data lists 26 in the city.
What is the cost for a restaurant?
Here is a restaurant with $90,000 in monthly deposits and a first advance that takes $398 a day. Adding $27,000 in second position at 1.38 puts another $296 on each business day over six months, for a combined $694 a day: 16% of a typical day's deposits.
| Sample case | Value |
|---|---|
| Monthly deposits (example) | $90,000 |
| First advance, daily debit | $398 |
| Second advance | $27,000 |
| Second advance factor rate | 1.38 |
| Second advance, daily debit | $296 |
| Combined daily debit | $694 |
| Debit as a share of daily deposits | 16% |
What drives the total cost?
A first advance that is mostly repaid makes a second position cheaper, because less sits ahead of the second funder. The stacked payment calculator lets you test other amounts.
Free to apply. You never pay us a fee. We call back, usually the same business day.
Which parts of Scranton are busiest?
Restaurants lead ZIP 18503, at 32 of its 377 employers.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 18503 | 377 | Restaurants | 32 |
| 18508 | 373 | Restaurants | 43 |
| 18505 | 335 | Restaurants | 29 |
| 18509 | 307 | Restaurants | 20 |
| 18504 | 270 | Restaurants | 27 |
| 18510 | 214 | Physicians' offices | 32 |
How do I get quotes on a second MCA in Scranton?
- Start at afterfirstmca.com/apply and note the funder and balance of your first advance.
- A broker calls to review the first contract and the deposits left after its withdrawal.
- Offers come back from funders that take second positions, each with the combined daily withdrawal shown.
When does a second position merchant cash advance not fit?
For a gap that repeats every month, a line of credit costs less than stacking advances. If you need lower payments rather than more capital, consolidation is the better fit.
Is a second position merchant cash advance available near Scranton?
Closest on the list: Wilkes-Barre, 15 miles away.
| City | Distance | Employers |
|---|---|---|
| Wilkes-Barre, PA | 15 miles | 454 |
Which second position merchant cash advance questions do Scranton owners raise?
Can a 2nd position MCA hurt my first advance?
No, as long as the first contract allows it and both debits clear. We read the first contract before shopping the file.
How much does a second MCA cost?
In the example, $27,000 at a 1.38 factor, so the payback is $37,260.
Are clothing and accessories stores in Scranton eligible for a second position merchant cash advance?
Many are, because they run on register and online card sales. Funders still decide each file on deposits and time in business.
Ready to send your Scranton file for an added advance alongside the first?
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.