Second Position Merchant Cash Advance in Draper, UT
A second position merchant cash advance adds funding for a Draper business that already has an advance. We take one application to funders that accept second positions and lay out their offers.
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?
Think of it as a second advance stacked on the first. Both funders withdrawal the account, so a business already paying $438 a day takes on a second payment beside it.
What goes into the funder's review?
Mainly two things: what the first debit leaves in the account each day, and whether the first contract permits a second position.
How long do both debits overlap?
Until the first advance finishes. In the meantime, the account carries $816 a day, so the review checks that deposits cover it.
Which trades in Draper benefit most?
Draper's 2,301 employer companies include the trades below, each shown with its local count. The city's employers are mostly small: 1,348 have fewer than five employees.
| Trade | Businesses in Draper | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 101 | 19.9 | 15.4 |
| Online retailers | 46 | 9.1 | 1.6 |
| Beauty and nail salons | 36 | 7.1 | 3.4 |
What does a second position do for restaurants here?
First advance spent on weekly produce and protein orders plus staff wages? A restaurant can still fund a patio build-out or a second location with a second position. Census counts 101 in Draper; that's 19.9 per 10,000 people.
Why would online retailers pick a second position?
Mid-term growth for an online store means a larger holiday inventory order; a second position pays for it. Draper has 46 of them, 9.1 per 10,000 residents (U.S.: 1.6).
What makes beauty and nail salons a fit?
Second positions let a salon keep retail product, chairs and stylist pay covered and still fund more chairs or a treatment room. That trade has 36 locations here (7.1 per 10,000 residents).
How do the numbers work out for a restaurant?
With monthly deposits of $99,000 and a first debit of $438, a restaurant adding a $34,500 second position at 1.38 would carry $816 a day in total for six months.
| Worked example | Value |
|---|---|
| Monthly deposits (example) | $99,000 |
| First advance, daily debit | $438 |
| Second advance | $34,500 |
| Second advance factor rate | 1.38 |
| Second advance, daily debit | $378 |
| Combined daily debit | $816 |
| Percent of daily deposits | 17% |
How do you compare offers?
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. Try your own numbers in the stacked payment calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
How do Draper owners get a second advance on top of the first?
- Start the form and note the first advance's debit ($438 a day in the example).
- We call to go over the first contract and what the account can carry.
- Offers come back with the combined debit shown for each.
Who should skip a second position merchant cash advance?
If you need lower payments rather than more capital, consolidation is the better fit. If the first advance is nearly done, waiting for a new first-position advance can cost less.
Do we take files from around Draper?
Sandy is the closest, 5 miles away.
| City | Distance | Employers |
|---|---|---|
| Sandy, UT | 5 miles | 2,822 |
| Riverton, UT | 5 miles | 722 |
| Lehi, UT | 6 miles | 2,084 |
| South Jordan, UT | 8 miles | 2,245 |
What do owners ask about second advance costs and terms?
Why does a second position MCA cost more?
The factor rate sits above first-position pricing; the example uses 1.38. The exact number depends on the room left after the first debit.
Does a 2nd position MCA take longer to fund?
A little, since funders read the first contract too. A complete file keeps that extra review short.
Do funders offer second advances to Draper online retailers?
They do. With 46 online retailers in Draper, funders see these files regularly; the offer depends on deposits and time in business, not on the trade alone.
Ready to see numbers on a second advance on top of the first for Draper?
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.