Second Position Merchant Cash Advance in Orem, UT
A second position merchant cash advance adds funding for an Orem business that already has an advance. We take one application to funders that accept second positions and lay out their quotes.
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 is a second position merchant cash advance, and how is it repaid?
Nothing about the first advance changes: it keeps its debit and term. The second funder sets its own amount, factor rate and schedule.
What will a funder ask for?
The first funder's contract terms, plus statements showing card sales at the register have held up since the first advance.
Which funders take second positions?
Only those that place behind an existing advance, and we send the file to them alone. They read the first funder's debit, $230 a day in the example, next to your bank deposits.
Which Orem businesses is a second position merchant cash advance built for?
Of the trades on this page, clothing and accessories stores are the largest group in Orem, at 65 businesses out of 2,748 employers. Employer density is 28.9 per 1,000 residents here, compared with 24.5 for the country.
| Trade | Businesses in Orem | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Clothing and accessories stores | 65 | 6.8 | 3.5 |
| Online retailers | 51 | 5.4 | 1.6 |
| Beauty and nail salons | 41 | 4.3 | 3.4 |
How do clothing and accessories stores in Orem use it?
The case for a second advance: a pop-up shop or a larger holiday buy now, with inventory ordered a season ahead already funded. Census counts 65 in Orem; that's 6.8 per 10,000 people.
Is a second position right for online retailers?
An online store ready for a larger holiday inventory order can take a second position rather than wait. There are 51 here, 1.9% of the city's employers.
What makes beauty and nail salons a fit?
The second position gives a salon room for a renovated space or added spa rooms while the first keeps running. Local count: 41, 1.3 times the national rate per resident.
What does a worked example of a second position merchant cash advance look like?
Say a clothing store deposits $52,000 a month and already pays $230 a day on its first advance. A second position of $13,000 at a 1.45 factor rate adds $150 a day for six months. Until the first advance finishes, the account carries $380 a day, 15% of an average day's deposits.
| Sample case | Value |
|---|---|
| Monthly deposits (example) | $52,000 |
| First advance, daily debit | $230 |
| Second advance | $13,000 |
| Second advance factor rate | 1.45 |
| Second advance, daily debit | $150 |
| Combined daily debit | $380 |
| Percent of daily deposits | 15% |
How can the price come down?
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.
Which Orem ZIP codes have the most of these businesses?
ZIP 84057 has 1,231 employers, and its leading trade is restaurants with 69 locations.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 84057 | 1,231 | Restaurants | 69 |
| 84058 | 930 | Restaurants | 52 |
| 84097 | 851 | Restaurants | 59 |
How do I apply for a 2nd position MCA in Orem?
- Fill out the short application with your current funder, balance and daily debit.
- A broker calls to confirm how much room the deposits leave.
- Second-position funders send quotes; you compare them and sign the one that fits.
Is a second position merchant cash advance ever the wrong tool?
If the first advance is nearly done, waiting for a new first-position advance can cost less. If revenue swings, revenue-based financing after the first advance ends can fit better.
What do owners ask about second advance costs and terms?
Will my first MCA funder know about a second advance?
Your statements show the first debit, and the second funder reviews it. Some first contracts restrict additional advances, so we check yours before shopping the file.
Why does a second position MCA cost more?
The factor rate sits above first-position pricing; the example uses 1.45. The exact number depends on the room left after the first withdrawal.
Are clothing and accessories stores in Orem eligible for a second position merchant cash advance?
Many are, because they run on card sales at the register. Funders still decide each file on bank deposits and time in business.
Want quotes on a second-position advance for your Orem 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.