Second Position Merchant Cash Advance in Kirkland, WA
A second position merchant cash advance adds funding for a Kirkland 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 does a second position merchant cash advance involve?
The second position is a separate contract behind the first. In the worked example it adds $389 a day on top of the first withdrawal.
What will a funder ask for?
The first funder's contract terms, plus statements showing nightly card and takeout sales have held up since the first advance.
Why take a second position instead of waiting?
Because the opportunity is now. For a restaurant, that means an outdoor seating area or new kitchen line while the first advance is still running.
Which Kirkland businesses is a second position merchant cash advance built for?
Restaurants lead the trades below with 156 locations in Kirkland, a city of 3,072 employer businesses. Of them, 61% employ fewer than five people, and 238 employ 20 to 49.
| Trade | Businesses in Kirkland | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 156 | 16.0 | 15.4 |
| Residential remodelers | 79 | 8.1 | 3.9 |
| Beauty and nail salons | 64 | 6.6 | 3.4 |
Is a second position right for restaurants?
Second positions let a restaurant keep food deliveries, line-cook payroll and equipment upkeep covered and still fund a second dining room or a catering kitchen. Locally, 156 operate, 1.0 times the U.S. rate.
What makes residential remodelers a fit?
Mid-term growth for a remodeling company means a second crew or bigger contracts; a second position pays for it. That trade has 79 locations here (8.1 per 10,000 residents).
Why would beauty and nail salons pick a second position?
First advance spent on product inventory, station upgrades and rent? A salon can still fund new stations or a remodel with a second position. Kirkland counts 64 of them, 2.1% of local employers.
How would the numbers look for a restaurant?
A restaurant bringing in $102,000 a month already pays its first funder $451 a day. Taking $35,500 in second position at 1.38 adds $389, for $840 a day combined until the first advance is done.
| Sample figure | Value |
|---|---|
| Monthly deposits (example) | $102,000 |
| First advance, daily debit | $451 |
| Second advance | $35,500 |
| Second advance factor rate | 1.38 |
| Second advance, daily debit | $389 |
| Combined daily debit | $840 |
| Percent of daily deposits | 17% |
What sets the cost?
Pricing follows risk: how much of every 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 does Kirkland sit within King County?
Measured per resident, Kirkland has 31.5 employers per 1,000 people and King County has 30.0. In raw numbers, that is 3,072 in the city out of 70,376 in the county.
| Employees | Kirkland | King County |
|---|---|---|
| Under 5 | 1,871 | 39,655 |
| 5 to 9 | 489 | 12,083 |
| 10 to 19 | 327 | 8,556 |
| 20 to 49 | 238 | 6,076 |
How does a Kirkland business apply for a second advance?
- Fill out the short application with your current funder, balance and daily debit.
- We call to go over the first contract and what the account can carry.
- Offers come back from funding partners that take second positions, each with the combined daily debit shown.
When should you choose something else?
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.
Do we take files from around Kirkland?
Closest on the list: Kenmore, 4 miles away. Largest: Bellevue, 6,548 employers.
| City | Distance | Employers |
|---|---|---|
| Kenmore, WA | 4 miles | 500 |
| Redmond, WA | 4 miles | 1,898 |
| Bothell, WA | 5 miles | 1,372 |
| Bellevue, WA | 7 miles | 6,548 |
Which 2nd position MCA questions do Kirkland, WA owners raise?
Does the first funder find out about a second MCA?
Your bank statements show the first withdrawal, and the second funder reviews it. Some first contracts restrict additional advances, so we check yours before shopping the file.
Can a 2nd position MCA hurt my first advance?
No, as long as the first contract allows it and both debits clear. We read the first contract before shopping the file.
Can a salon qualify for a second position merchant cash advance?
Yes. A salon qualifies the same way as any business: funding partners read deposits, balance history and open advances, then make offers you can compare.
Want a broker to shop a second advance on top of the first for your Kirkland file?
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.