Second Position Merchant Cash Advance in Odessa, TX
Second positions add capital for Odessa owners without waiting for a payoff date. We send one application to funders 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.
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 will a funder ask for?
How much of $97,000 in monthly deposits remains once the first funder is paid, and whether the account has stayed positive since the first advance.
How long do both debits overlap?
Until the first advance finishes. In the meantime, the account carries $747 a day, so the review checks that deposits cover it.
Where does a second position merchant cash advance fit in Odessa's economy?
Among these trades, restaurants have the most locations in Odessa: 127. That works out to 16.3 employer businesses per 1,000 residents; 45% of them have fewer than five on payroll.
| Trade | Businesses in Odessa | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 127 | 10.3 | 15.4 |
| Trucking companies | 50 | 4.1 | 3.3 |
| Clothing and accessories stores | 28 | 2.3 | 3.5 |
Is a second position right for restaurants?
First advance spent on food orders, payroll and kitchen repairs? A restaurant can still fund an outdoor seating area or new kitchen line with a second position. Locally, 127 operate, 0.7 times the U.S. rate.
What does a second position solve for trucking companies?
When another rig or more drivers comes up before the payoff date, a trucking company can stack a second position. The city counts 50, at 1.2x the U.S. density.
How do local clothing and accessories stores use a second position?
A clothing store ready for a second store or a bigger stockroom can take a second position rather than wait. There are 28 here, 1.4% of the city's employers.
How would the numbers look for a restaurant?
Here is a restaurant with $97,000 in monthly deposits and a first advance that takes $429 a day. Adding $29,000 in second position at 1.38 puts another $318 on each business day over six months, for a combined $747 a day: 16% of a typical day's deposits.
| Sample figure | Value |
|---|---|
| Monthly deposits (example) | $97,000 |
| First advance, daily debit | $429 |
| Second advance | $29,000 |
| Second advance factor rate | 1.38 |
| Second advance, daily debit | $318 |
| Combined daily debit | $747 |
| Share of an average day's deposits | 16% |
What makes an offer cheaper?
A first advance that is mostly paid back 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.
How do Odessa employers compare with the rest of Ector County?
Ector County counts 3,994 employer companies, and 50% of them operate in Odessa. The table compares the two by headcount band.
| Employees | Odessa | Ector County |
|---|---|---|
| Under 5 | 897 | 1,769 |
| 5 to 9 | 418 | 837 |
| 10 to 19 | 313 | 626 |
| 20 to 49 | 241 | 512 |
What are the steps to get second position funding?
- Apply in about five minutes and list the advance you already have.
- A broker phones to confirm the amount and read the first contract's terms.
- You compare second-position quotes and sign the one that fits.
When is another option better?
Skip it when the first withdrawal already takes a heavy share of deposits. Consolidating first, or waiting until the first advance is mostly repaid, leaves more room. If revenue swings, revenue-based financing after the first advance ends can fit better.
Which nearby cities are covered?
Closest on the list: Midland, 17 miles away.
| City | Distance | Employers |
|---|---|---|
| Midland, TX | 17 miles | 2,922 |
What does an Odessa business need to know about a second advance?
Who gets paid first on a second position MCA?
The first funder. That order is why second positions are priced higher.
Can I get 2nd position funding with weak credit?
Yes. Deposits and how the first advance has run matter more than the credit score.
Are restaurants in Odessa eligible for a second position merchant cash advance?
Many are, because they run on card sales that settle every day. Funders still decide each file on bank deposits and time in business.
Want quotes on a second position merchant cash advance for your Odessa 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.