Second Position Merchant Cash Advance in South Burlington, VT
When the first advance isn't finished but the next need has arrived, a second position fills the gap for South Burlington businesses. One application, several funding partners that accept them.
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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 goes into the funder's review?
How much of $103,000 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 $861 a day, so the review checks that deposits cover it.
Which trades in South Burlington benefit most?
Here is how the trades on this page are represented among South Burlington's 1,020 employers. The city has 47.7 employers per 1,000 residents, against 32.3 across Vermont and 24.5 nationally.
| Trade | Businesses in South Burlington | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 45 | 21.0 | 15.4 |
| Clothing and accessories stores | 22 | 10.3 | 3.5 |
| Auto repair shops | 21 | 9.8 | 2.5 |
What does a second position do for restaurants here?
First advance spent on food deliveries, line-cook payroll and equipment upkeep? A restaurant can still fund a second dining room or a catering kitchen with a second position. There are 45 here, 4.4% of the city's employers.
Why would clothing and accessories stores pick a second position?
Growth for a clothing store looks like a second store or a bigger stockroom. A second position pays for it mid-term. The city counts 22, at 2.9x the U.S. density.
What makes auto repair shops a fit?
A repair shop that took a first advance for parts, tools and mechanic wages doesn't have to wait to fund another bay or technician. Locally, 21 operate, 3.9 times the U.S. rate.
How much does a second position merchant cash advance cost a restaurant?
Here a restaurant already paying $455 daily adds $36,000 in second position at 1.42, bringing its daily total to $861 on deposits of $103,000 a month.
| Example item | Value |
|---|---|
| Monthly deposits (example) | $103,000 |
| First advance, daily debit | $455 |
| Second advance | $36,000 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $406 |
| Combined daily debit | $861 |
| Percent of daily deposits | 18% |
How can the price come down?
Compare second-position offers on total payback and on the combined daily debit. 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 big is South Burlington's share of Chittenden County?
South Burlington holds 1,020 of the 5,665 employer companies in Chittenden County, 18% of the county total. The county has 33.5 employers per 1,000 residents; the city has 47.7.
| Employees | South Burlington | Chittenden County |
|---|---|---|
| Under 5 | 460 | 2,893 |
| 5 to 9 | 198 | 1,045 |
| 10 to 19 | 162 | 853 |
| 20 to 49 | 118 | 546 |
What does applying for a second MCA involve?
- List your current funder and balance on the form.
- We read the first contract for any limits on a second position.
- 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 two debits would take too much of an average day's bank deposits, a second position adds strain. In that case consolidation replaces the advances with one lower payment. For a gap that repeats each month, a line of credit costs less than stacking advances.
Is a second position merchant cash advance available near South Burlington?
Burlington is the closest, 5 miles away.
| City | Distance | Employers |
|---|---|---|
| Burlington, VT | 5 miles | 1,460 |
What should I know before taking a 2nd position MCA?
Can a 2nd position MCA hurt my first advance?
No, as long as the first contract allows it and both withdrawals clear. We read the first contract before shopping the file.
Is a 2nd position MCA shorter than the first advance?
Yes, in most offers. Short terms keep the combined debit, $861 a day in the example, from running too long.
What does a clothing store need to get a second position merchant cash advance?
Recent bank statements and a few minutes for the application. South Burlington's 22 clothing and accessories stores apply the same way as any other business.
Shall we compare quotes on a second position MCA for South Burlington?
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.