Second Position Merchant Cash Advance in Kent, WA
Mid-term on an advance and need more? A second position adds funding for Kent companies; we shop the file to funding partners that accept them.
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 for a Kent business?
With a second position, a new funder advances money behind an existing funder. Each collects its own debit until its payback is complete.
What does the review cover?
Funders read the first contract, the bank statements since it funded and the bank deposits left after its withdrawal. Some first contracts restrict additional advances, so we check yours first.
What does the first contract allow?
Some contracts limit added funding, so we read it before the file goes out. If it blocks a second position, consolidation is the next option to compare.
Which local businesses does it suit?
Of the trades on this page, restaurants are the largest group in Kent, at 209 companies out of 3,266 employers. Employer density is 24.2 per 1,000 residents here, compared with 24.5 for the country.
| Trade | Businesses in Kent | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 209 | 15.5 | 15.4 |
| Residential remodelers | 79 | 5.9 | 3.9 |
| Beauty and nail salons | 68 | 5.0 | 3.4 |
When do restaurants reach for a second position?
Growth for a restaurant looks like an outdoor seating area or new kitchen line. A second position pays for it mid-term. Local count: 209, 1.0 times the national rate per resident.
What makes residential remodelers a fit?
First advance spent on materials, subcontractors and crew payroll? A remodeling company can still fund a larger remodel contract with a second position. There are 79 here, 2.4% of the city's employers.
How do local beauty and nail salons use a second position?
Mid-term growth for a salon means a renovated space or added spa rooms; a second position pays for it. Census counts 68 in Kent; that's 5.0 per 10,000 people.
What does a worked example of a second position merchant cash advance look like?
Here is a restaurant with $101,000 in monthly deposits and a first advance that takes $447 a day. Adding $30,500 in second position at 1.42 puts another $344 on each business day over six months, for a combined $790 a day: 16% of a typical day's deposits.
| Sample figure | Value |
|---|---|
| Monthly deposits (example) | $101,000 |
| First advance, daily debit | $447 |
| Second advance | $30,500 |
| Second advance factor rate | 1.42 |
| Second advance, daily debit | $344 |
| Combined daily debit | $790 |
| Portion of a typical day's deposits | 16% |
Which numbers decide the cost?
Pricing follows risk: how much of each day's deposits the first funder already takes, and how the account has run since that advance funded. 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.
Where in Kent do these trades cluster?
Restaurants lead ZIP 98032, at 126 of its 2,124 employers.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 98032 | 2,124 | Restaurants | 126 |
| 98031 | 727 | Restaurants | 51 |
| 98030 | 632 | Restaurants | 50 |
How do I get a second MCA in Kent, WA?
- Send the application and the details of your first advance, such as a withdrawal of $447 a day.
- A broker calls to confirm how much room the bank deposits leave.
- Sign and the second funder sends the money; the first advance continues as before.
What else should you consider?
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.
Which neighboring cities can apply?
From Kent, Des Moines is 5 miles out. Within 50 miles, Renton has the most employers: 2,454.
| City | Distance | Employers |
|---|---|---|
| Des Moines, WA | 5 miles | 561 |
| SeaTac, WA | 5 miles | 1,251 |
| Auburn, WA | 6 miles | 1,908 |
| Renton, WA | 6 miles | 2,454 |
What does a Kent business need to know about a second advance?
Who gets paid first on a second position MCA?
The first funder. That order is why second positions are priced higher.
What if my first advance is paid off before the second?
The account then carries only the second debit, $344 a day in the example, until it's paid back.
Are residential remodelers in Kent eligible for a second position merchant cash advance?
Many are, because they run on bank deposits and progress payments from homeowners. Funders still decide each file on deposits and time in business.
Shall we shop a second position merchant cash advance for your Kent 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.