Second Position Merchant Cash Advance in Midland, TX
Mid-term on an advance and need more? A second position adds funding for Midland companies; we shop the file to funders that accept them.
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 is a second position merchant cash advance structured?
For a restaurant, the question is simple: after the first withdrawal, do the day's deposits still cover a second one and the bills?
What will a funder ask for?
How the first advance has been paid, how much of it's left, and what each day's bank deposits look like after its debit.
How long do both debits overlap?
Until the first advance finishes. In the meantime, the account carries $760 a day, so the review checks that deposits cover it.
Which local businesses does it suit?
Here is how the trades on this page are represented among Midland's 2,922 employers. The city has 19.8 employers per 1,000 residents, against 21.2 across Texas and 24.5 nationally.
| Trade | Businesses in Midland | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 150 | 10.2 | 15.4 |
| Clothing and accessories stores | 45 | 3.0 | 3.5 |
| Trucking companies | 40 | 2.7 | 3.3 |
Why do Midland restaurants use a second position?
A restaurant ready for a patio build-out or a second location can take a second position rather than wait. In the city, 150 operate, or 5.1% of employer businesses.
Why would clothing and accessories stores pick a second position?
The case for a second advance: a pop-up shop or a larger holiday buy now, with stock buys, fixtures and floor staff already funded. Local count: 45, 0.9 times the national rate per resident.
How do trucking companies in Midland use it?
Second positions let a trucking company keep diesel, maintenance, insurance and driver wages covered and still fund another rig or more drivers. Locally, 40 operate, 0.8 times the U.S. rate.
What would a restaurant pay for a second position merchant cash advance?
Here a restaurant already paying $398 daily adds $31,500 in second position at 1.45, bringing its daily total to $760 on deposits of $90,000 a month.
| Sample figure | Value |
|---|---|
| Monthly deposits (example) | $90,000 |
| First advance, daily debit | $398 |
| Second advance | $31,500 |
| Second advance factor rate | 1.45 |
| Second advance, daily debit | $362 |
| Combined daily debit | $760 |
| Debit as a share of daily deposits | 18% |
How do you compare offers?
A second funder is paid behind the first, so second positions are priced above first positions. The lower the combined withdrawal is as a share of bank deposits, the better the offers. 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.
How does Midland compare with Midland County?
Midland holds 2,922 of the 6,096 employer companies in Midland County, 48% of the county total. The county has 32.5 employers per 1,000 residents; the city has 19.8.
| Employees | Midland | Midland County |
|---|---|---|
| Under 5 | 1,512 | 3,029 |
| 5 to 9 | 560 | 1,091 |
| 10 to 19 | 382 | 841 |
| 20 to 49 | 320 | 719 |
How does a Midland business apply for a second advance?
- Send the application and the details of your first advance, such as a debit of $398 a day.
- A broker calls to confirm how much room the deposits leave.
- Sign and the second funder sends the money; the first advance continues as before.
Who should skip a second position merchant cash advance?
Skip it if the first advance is nearly done; waiting a few weeks can mean a better first-position offer. If withdrawals already feel heavy, consolidate instead. If revenue swings, revenue-based financing after the first advance ends can fit better.
Do we take files from around Midland?
Closest on the list: Odessa, 17 miles away.
| City | Distance | Employers |
|---|---|---|
| Odessa, TX | 17 miles | 2,001 |
What do owners ask before signing a second position merchant cash advance?
Can a trade business get 2nd position funding?
Yes. A restaurant is judged like any business: bank deposits, the first withdrawal and the room left between them.
How much more does a 2nd position MCA cost?
The factor rate sits above first-position pricing; the example uses 1.45. The exact number depends on the room left after the first debit.
Do Midland restaurants qualify for a second position merchant cash advance?
Yes. Midland has 150 restaurants, and any of them can apply; funders decide from bank deposits, time in business and open advances, and we show you every offer.
Want quotes on a second advance for your Midland firm?
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.