Second Position Merchant Cash Advance in Lubbock, TX
Second positions add capital for Lubbock owners without waiting for a payoff date. We send one application to funding partners that sit behind an existing advance.
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 Lubbock owner know about how it works?
The deciding number is what an average day leaves after the first debit; with $92,000 in monthly deposits, that room sets the size of the second advance.
What does the review cover?
With monthly bank deposits of $92,000 in the example, funders check what the account can carry once the first withdrawal clears.
What room does the first advance leave?
Funders subtract the first withdrawal from an average day's deposits. In the example, $407 already goes out every day before the second funder is paid.
Who is a second position merchant cash advance for in Lubbock?
Among these trades, restaurants have the most locations in Lubbock: 309. Texas averages 21.2 employers per 1,000 residents; Lubbock has 15.5.
| Trade | Businesses in Lubbock | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 309 | 11.3 | 15.4 |
| Electrical contractors | 42 | 1.5 | 2.4 |
| Auto repair shops | 40 | 1.5 | 2.5 |
What makes restaurants a fit?
Food orders, payroll and kitchen repairs took the first advance; a patio build-out or a second location can take the second. Census data lists 309 in the city.
How do local electrical contractors use a second position?
The second position gives an electrical contractor room for a bigger commercial job or another crew while the first keeps running. Lubbock has 42 of them, 1.5 per 10,000 residents (U.S.: 2.4).
What does a second position solve for auto repair shops?
A repair shop ready for an added bay or another mechanic can take a second position rather than wait. Local count: 40, 0.6 times the national rate per resident.
How would the numbers look for a restaurant?
A restaurant bringing in $92,000 a month already pays its first funder $407 a day. Taking $23,000 in second position at 1.42 adds $259, for $666 a day combined until the first advance is done.
| Example item | Value |
|---|---|
| Monthly deposits (example) | $92,000 |
| First advance, daily debit | $407 |
| Second advance | $23,000 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $259 |
| Combined daily debit | $666 |
| Portion of a typical day's deposits | 15% |
What makes an offer cheaper?
Second positions cost more than first positions because the second funder sits behind the first. Funders price from how much room your deposits leave after the first withdrawal. For your own numbers, use the stacked payment calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
Where in Lubbock do these trades cluster?
ZIP 79424 has 1,968 employers, and its leading trade is restaurants with 136 locations.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 79424 | 1,968 | Restaurants | 136 |
| 79401 | 593 | Restaurants | 69 |
| 79414 | 435 | Clothing and accessories stores | 54 |
| 79413 | 412 | Restaurants | 25 |
| 79410 | 389 | Physicians' offices | 60 |
| 79412 | 223 | Restaurants | 19 |
How do I get quotes on a second MCA in Lubbock?
- Apply in about five minutes and list the advance you already have.
- A broker calls to confirm how much room the deposits leave.
- Offers come back from funding partners that take second positions, each with the combined daily debit shown.
When is another option better?
If revenue swings, revenue-based financing after the first advance ends can fit better. If the first advance is nearly done, waiting for a new first-position advance can cost less.
Do we cover businesses outside Lubbock?
We take files from anywhere in Texas and the rest of the country; where the business sits doesn't change how the file is shopped.
Which questions about second position funding come up most?
Does a 2nd position MCA take longer to fund?
A little, since funding partners read the first contract too. A complete file keeps that extra review short.
Who gets paid first on a second position MCA?
The first funder. That order is why second positions are priced higher.
What does a repair shop need to get a second position merchant cash advance?
Recent bank statements and a few minutes for the application. Lubbock's 40 auto repair shops apply the same way as any other business.
Want offers on a second advance on top of the first side by side for Lubbock?
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.