Second Position Merchant Cash Advance in Murray, UT
Second positions add capital for Murray owners without waiting for a payoff date. We send one application to funders that sit behind an existing advance.
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How does a second position merchant cash advance work?
Nothing about the first advance changes: it keeps its withdrawal and term. The second funder sets its own amount, factor rate and schedule.
What does a funder need to see?
With monthly deposits of $90,000 in the example, funding partners 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 bank deposits. In the example, $398 already goes out each day before the second funder is paid.
Who in Murray uses a second position merchant cash advance?
Murray's 2,163 employer businesses include the trades below, each shown with its local count. Employer density is 40.6 per 1,000 residents here, compared with 24.5 for the country.
| Trade | Businesses in Murray | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 91 | 17.1 | 15.4 |
| Clothing and accessories stores | 63 | 11.8 | 3.5 |
| Auto repair shops | 33 | 6.2 | 2.5 |
Is a second position right for restaurants?
The case for a second advance: a patio build-out or a second location now, with food orders, payroll and kitchen repairs already funded. That trade has 91 locations here (17.1 per 10,000 residents).
How do clothing and accessories stores in Murray use it?
First advance spent on seasonal inventory bought months ahead? A clothing store can still fund a second store or a bigger stockroom with a second position. Locally, 63 operate, 3.4 times the U.S. rate.
When do auto repair shops reach for a second position?
When more bays or a second location comes up before the payoff date, a repair shop can stack a second position. Census data lists 33 in the city.
How much does a second position merchant cash advance cost a restaurant?
Say a restaurant deposits $90,000 a month and already pays $398 a day on its first advance. A second position of $31,500 at a 1.38 factor rate adds $345 a day for six months. Until the first advance finishes, the account carries $743 a day, 17% of an average day's deposits.
| Sample case | Value |
|---|---|
| Monthly deposits (example) | $90,000 |
| First advance, daily debit | $398 |
| Second advance | $31,500 |
| Second advance factor rate | 1.38 |
| Second advance, daily debit | $345 |
| Combined daily debit | $743 |
| Share of an average day's deposits | 17% |
What makes an offer cheaper?
The combined $743 daily debit in the example is what funders price against; more room after the first debit means better terms. 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 big is Murray's share of Salt Lake County?
Murray holds 2,163 of the 35,732 employer companies in Salt Lake County, 6% of the county total. The county has 29.3 employers per 1,000 residents; the city has 40.6.
| Employees | Murray | Salt Lake County |
|---|---|---|
| Under 5 | 1,083 | 19,832 |
| 5 to 9 | 399 | 5,632 |
| 10 to 19 | 307 | 4,577 |
| 20 to 49 | 222 | 3,372 |
What does applying for a second MCA involve?
- Start at afterfirstmca.com/apply and note the funder and balance of your first advance.
- We call to go over the first contract and what the account can carry.
- Offers come back from funders that take second positions, each with the combined daily withdrawal shown.
When is a second position merchant cash advance the wrong choice?
Skip it when the first withdrawal already takes a heavy share of bank deposits. Consolidating first, or waiting until the first advance is mostly paid back, leaves more room. For a gap that repeats each month, a line of credit costs less than stacking advances.
Which neighboring cities can apply?
Midvale sits 3 miles from Murray. South Salt Lake counts 1,599 employer businesses, the most within 50 miles.
| City | Distance | Employers |
|---|---|---|
| Midvale, UT | 3 miles | 1,313 |
| Taylorsville, UT | 3 miles | 925 |
| Holladay, UT | 3 miles | 960 |
| South Salt Lake, UT | 4 miles | 1,599 |
Before a second advance, what do Murray owners check?
Can I consolidate a second MCA later?
Yes. Once both advances are running, a consolidation can replace them with one payment.
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 withdrawal.
What does a restaurant need to get a second position merchant cash advance?
Recent bank statements and a few minutes for the application. Murray's 91 restaurants apply the same way as any other business.
Ready to send your Murray file for an added advance alongside the first?
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.