Second Position Merchant Cash Advance in Memphis, TN
When the first advance isn't finished but the next need has arrived, a second position fills the gap for Memphis companies. One application, several funding partners that accept them.
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How does a second position merchant cash advance work?
The second position is a separate contract behind the first. In the worked example it adds $301 a day on top of the first withdrawal.
What do funders look at first?
Funders read the first contract, the bank statements since it funded and the bank deposits left after its withdrawal. Some first contracts restrict additional advances, so we check yours first.
How long do both debits overlap?
Until the first advance finishes. In the meantime, the account carries $704 a day, so the review checks that deposits cover it.
Which local trades get the most from a second position merchant cash advance?
Census counts show 13,000 employer companies in Memphis; the table gives the local count and density for each trade discussed below. That works out to 21.3 employer businesses per 1,000 residents; 44% of them have fewer than five on payroll.
| Trade | Businesses in Memphis | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 906 | 14.9 | 15.4 |
| Clothing and accessories stores | 247 | 4.1 | 3.5 |
| Plumbing and HVAC contractors | 125 | 2.1 | 3.2 |
What makes restaurants a fit?
Growth for a restaurant looks like an outdoor seating area or new kitchen line. A second position pays for it mid-term. Local count: 906, 1.0 times the national rate per resident.
How do local clothing and accessories stores use a second position?
A clothing store that took a first advance for inventory ordered a season ahead doesn't have to wait to fund a second store or a bigger stockroom. Locally, 247 operate, 1.2 times the U.S. rate.
What does a second position solve for plumbing and HVAC contractors?
When another install crew or a second van comes up before the payoff date, an HVAC or plumbing company can stack a second position. The city counts 125, at 0.7x the U.S. density.
What is the cost for a restaurant?
Here is a restaurant with $91,000 in monthly deposits and a first advance that takes $402 a day. Adding $27,500 in second position at 1.38 puts another $301 on each business day over six months, for a combined $704 a day: 16% of a typical day's deposits.
| Worked example | Value |
|---|---|
| Monthly deposits (example) | $91,000 |
| First advance, daily debit | $402 |
| Second advance | $27,500 |
| Second advance factor rate | 1.38 |
| Second advance, daily debit | $301 |
| Combined daily debit | $704 |
| Percent of daily deposits | 16% |
What drives the total cost?
Compare second-position quotes on total payback and on the combined daily debit. 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.
Which ZIP codes stand out for these trades?
Trucking companies lead ZIP 38118, at 73 of its 1,387 employers.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 38118 | 1,387 | Trucking companies | 73 |
| 38134 | 1,265 | Restaurants | 79 |
| 38119 | 980 | Physicians' offices | 75 |
| 38104 | 903 | Restaurants | 114 |
| 38103 | 834 | Restaurants | 85 |
| 38117 | 825 | Restaurants | 74 |
What steps get a Memphis file to second position funders?
- List your current funder and balance on the form.
- We read the first contract for any limits on a second position.
- You compare offers with the combined debit beside each one, $704 a day in the example.
Who should skip a second position merchant cash advance?
If the first advance is nearly done, waiting for a new first-position advance can cost less. If you need lower payments rather than more capital, consolidation is the better fit.
Which towns around Memphis can apply?
The nearest city on this list is Germantown, at 11 miles. The biggest is Southaven, home to 1,226 employer companies.
| City | Distance | Employers |
|---|---|---|
| Germantown, TN | 11 miles | 1,223 |
| Southaven, MS | 11 miles | 1,226 |
| Horn Lake, MS | 12 miles | 335 |
| Bartlett, TN | 12 miles | 1,073 |
Which 2nd position MCA questions do Memphis owners ask first?
Can I get 2nd position funding with weak credit?
Yes. Deposits and how the first advance has run matter more than the credit score.
What does a 2nd position MCA cost?
In the example, $27,500 at a 1.38 factor, so the payback is $37,950.
Do Memphis restaurants qualify for a second position merchant cash advance?
Yes. Memphis has 906 restaurants, and any of them can apply; funders decide from deposits, time in business and open advances, and we show you every offer.
Need a second position MCA in Memphis?
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.