Second Position Merchant Cash Advance in Colleyville, TX
A second position merchant cash advance adds capital to a Colleyville business already paying an advance, without waiting for the first to end. One application, several funders.
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How does a second position merchant cash advance work for a Colleyville business?
Think of it as a second advance stacked on the first. Both funders debit the account, so a business already paying $380 a day takes on a second payment beside it.
What does a funder need to see?
Funders read the first contract, the statements since it funded and the bank deposits left after its debit. Some first contracts restrict additional advances, so we check yours first.
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, $380 a day in the example, next to your bank deposits.
Which Colleyville businesses is a second position merchant cash advance built for?
Of the trades on this page, restaurants are the largest group in Colleyville, at 54 companies out of 1,181 employers. Most of the city's employers are small: 774 have under five employees, while 124 have between 10 and 19.
| Trade | Businesses in Colleyville | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 54 | 21.0 | 15.4 |
| Beauty and nail salons | 23 | 8.9 | 3.4 |
| Landscaping companies | 15 | 5.8 | 3.4 |
How does a second position fit restaurants?
Mid-term growth for a restaurant means a second dining room or a catering kitchen; a second position pays for it. Census counts 54 in Colleyville; that's 21.0 per 10,000 people.
What does a second position do for beauty and nail salons here?
Second positions let a salon keep retail product, chairs and stylist pay covered and still fund more chairs or a treatment room. Colleyville counts 23 of them, 1.9% of local employers.
Is a second position right for landscaping companies?
The case for a second advance: a larger fleet ahead of the season now, with equipment, crew wages and supplies already funded. Census data lists 15 in the city.
What does a second position merchant cash advance cost in a real example?
A restaurant with $86,000 in monthly deposits pays $380 a day on a first advance. A second of $30,000 at 1.45 adds $345 a day; together, $726.
| Sample case | Value |
|---|---|
| Monthly deposits (example) | $86,000 |
| First advance, daily debit | $380 |
| Second advance | $30,000 |
| Second advance factor rate | 1.45 |
| Second advance, daily debit | $345 |
| Combined daily debit | $726 |
| Share of an average day's deposits | 18% |
What drives the total cost?
The combined $726 daily withdrawal in the example is what funders price against; more room after the first withdrawal means better terms. 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.
How big is Colleyville's share of Tarrant County?
The city accounts for 2% of employers in Tarrant County. By size, 186 city firms employ 5 to 9 people, compared with 8,234 across the county.
| Employees | Colleyville | Tarrant County |
|---|---|---|
| Under 5 | 774 | 24,819 |
| 5 to 9 | 186 | 8,234 |
| 10 to 19 | 124 | 6,358 |
| 20 to 49 | 69 | 5,098 |
How does a Colleyville business apply for a second advance?
- Start the form and note the first advance's debit ($380 a day in the example).
- A broker calls to confirm how much room the bank deposits leave.
- Second-position funders send quotes; you compare them and sign the one that fits.
Is a second position merchant cash advance ever the wrong tool?
If the first advance is nearly done, waiting for a new first-position advance can cost less. For a gap that repeats every month, a line of credit costs less than stacking advances.
Do we work with businesses near Colleyville?
Bedford is the closest, 3 miles away. Southlake is the largest business market within 50 miles, with 2,292 employers.
| City | Distance | Employers |
|---|---|---|
| Bedford, TX | 3 miles | 1,175 |
| Hurst, TX | 4 miles | 1,114 |
| Southlake, TX | 4 miles | 2,292 |
| North Richland Hills, TX | 5 miles | 1,394 |
What should Colleyville businesses know about second position MCAs?
Is a 2nd position MCA shorter than the first advance?
Yes, in most quotes. Short terms keep the combined withdrawal, $726 a day in the example, from running too long.
Can I get a second MCA with bad credit?
Yes. Deposits and how the first advance has run matter more than the credit score.
Can a landscaping company qualify for a second position merchant cash advance?
Yes. A landscaping company qualifies the same way as any business: funding partners read deposits, balance history and open advances, then make quotes you can compare.
Shall we shop an added advance alongside the first for your Colleyville business?
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.