Second Position Merchant Cash Advance in Bothell, WA
Mid-term on an advance and need more? A second position adds funding for Bothell businesses; we shop the file to funders that accept them.
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How is a second position advance set up?
Two advances, two withdrawals: the second funder's $25,000 in the example is collected alongside the first until each contract is complete.
What do funders look at first?
Room in the bank deposits after the first debit, a clean payment record on the first advance, and permission in the first contract.
What room does the first advance leave?
Funders subtract the first withdrawal from an average day's deposits. In the example, $442 already goes out each day before the second funder is paid.
Which trades in Bothell benefit most?
Among these trades, restaurants have the most locations in Bothell: 72. The city has 26.3 employers per 1,000 residents, against 25.3 across Washington and 24.5 nationally.
| Trade | Businesses in Bothell | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 72 | 13.8 | 15.4 |
| Residential remodelers | 36 | 6.9 | 3.9 |
| Beauty and nail salons | 30 | 5.7 | 3.4 |
How do local restaurants use a second position?
When an outdoor seating area or new kitchen line comes up before the payoff date, a restaurant can stack a second position. There are 72 here, 5.2% of the city's employers.
What makes residential remodelers a fit?
Crew payroll, rented equipment and materials took the first advance; a second crew or bigger contracts can take the second. The city counts 36, at 1.8x the U.S. density.
When do beauty and nail salons reach for a second position?
The second position gives a salon room for a renovated space or added spa rooms while the first keeps running. Locally, 30 operate, 1.7 times the U.S. rate.
How much does a second position merchant cash advance cost a restaurant?
With monthly deposits of $100,000 and a first debit of $442, a restaurant adding a $25,000 second position at 1.38 would carry $716 a day in total for six months.
| Worked example | Value |
|---|---|
| Monthly deposits (example) | $100,000 |
| First advance, daily debit | $442 |
| Second advance | $25,000 |
| Second advance factor rate | 1.38 |
| Second advance, daily debit | $274 |
| Combined daily debit | $716 |
| Debit as a share of daily deposits | 15% |
What sets the cost?
A first advance that is mostly paid back makes a second position cheaper, because less sits ahead of the second funder. 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 do Bothell owners get a second advance on top of the first?
- Apply in about five minutes and list the advance you already have.
- We call to agree the amount before the file goes out.
- You compare offers with the combined debit beside each one, $716 a day in the example.
When does a second position merchant cash advance not fit?
If the first advance is nearly done, waiting for a new first-position advance can cost less. If you need lower payments rather than more capital, consolidation is the better fit.
Which cities within 50 miles of Bothell do we serve?
Closest on the list: Kenmore, 3 miles away. Largest: Kirkland, 3,072 employers.
| City | Distance | Employers |
|---|---|---|
| Kenmore, WA | 3 miles | 500 |
| Mountlake Terrace, WA | 5 miles | 473 |
| Kirkland, WA | 5 miles | 3,072 |
| Lynnwood, WA | 6 miles | 1,289 |
What should I know before taking a 2nd position MCA?
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.
Who gets paid first on a second position MCA?
The first funder. That order is why second positions are priced higher.
Can a salon qualify for a second position merchant cash advance?
Yes. A salon qualifies the same way as any business: funding partners read bank deposits, balance history and open advances, then make quotes you can compare.
Want offers on a second-position advance for your Bothell business?
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.