Second Position Merchant Cash Advance in Lakewood, WA
Second position merchant cash advances let Lakewood owners raise more capital while a first advance is still running. We send one file to the funders that take them and compare the offers with you.
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 should a Lakewood owner know about how it works?
Two advances, two debits: the second funder's $27,000 in the example is collected alongside the first until each contract is complete.
What counts most in the review?
How much of $108,000 in monthly deposits remains once the first funder is paid, and whether the account has stayed positive 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 withdrawal, $478 a day in the example, next to your deposits.
Which Lakewood businesses is a second position merchant cash advance built for?
Of the trades on this page, restaurants are the largest group in Lakewood, at 137 businesses out of 1,532 employers. Of the city's employers, 51% have fewer than five on payroll, and 157 have 20 to 49.
| Trade | Businesses in Lakewood | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 137 | 21.8 | 15.4 |
| Beauty and nail salons | 37 | 5.9 | 3.4 |
| Landscaping companies | 26 | 4.1 | 3.4 |
How does a second position fit restaurants?
A restaurant that took a first advance for food orders, payroll and kitchen repairs doesn't have to wait to fund an outdoor seating area or new kitchen line. In the city, 137 operate, or 8.9% of employer businesses.
What does a second position solve for beauty and nail salons?
Growth for a salon looks like new stations or a remodel. A second position pays for it mid-term. The city counts 37, at 1.7x the U.S. density.
When do landscaping companies reach for a second position?
First advance spent on crews, fuel, plants and mowers? A landscaping company can still fund a larger fleet ahead of the season with a second position. Lakewood counts 26 of them, 1.7% of local employers.
How much does a second position merchant cash advance cost a restaurant?
A restaurant with $108,000 in monthly deposits pays $478 a day on a first advance. A second of $27,000 at 1.45 adds $311 a day; together, $788.
| Sample figure | Value |
|---|---|
| Monthly deposits (example) | $108,000 |
| First advance, daily debit | $478 |
| Second advance | $27,000 |
| Second advance factor rate | 1.45 |
| Second advance, daily debit | $311 |
| Combined daily debit | $788 |
| 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. Try your own numbers in the stacked payment calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
How do Lakewood employers compare with the rest of Pierce County?
Measured per resident, Lakewood has 24.4 employers per 1,000 people and Pierce County has 21.2. In raw numbers, that is 1,532 in the city out of 20,051 in the county.
| Employees | Lakewood | Pierce County |
|---|---|---|
| Under 5 | 774 | 11,094 |
| 5 to 9 | 303 | 3,570 |
| 10 to 19 | 226 | 2,629 |
| 20 to 49 | 157 | 1,805 |
How do I get 2nd position funding in Lakewood?
- Send the application and the details of your first advance, such as a debit of $478 a day.
- We call to agree the amount before the file goes out.
- Offers come back with the combined debit shown for each.
When does a second position merchant cash advance not fit?
Skip it when the first debit already takes a heavy share of bank deposits. Consolidating first, or waiting until the first advance is mostly repaid, leaves more room. For a gap that repeats each month, a line of credit costs less than stacking advances.
Do we work with businesses near Lakewood?
The nearest city on this list is University Place, at 4 miles. The biggest is Tacoma, home to 5,674 employer companies.
| City | Distance | Employers |
|---|---|---|
| University Place, WA | 4 miles | 670 |
| Tacoma, WA | 7 miles | 5,674 |
| Puyallup, WA | 11 miles | 847 |
| Federal Way, WA | 14 miles | 2,433 |
Which 2nd position MCA questions do Lakewood owners ask first?
How much are daily payments on a first and second MCA?
Add the two withdrawals together. In the worked example, the account carries $788 a day until the first advance ends.
How much does a second MCA cost?
In the example, $27,000 at a 1.45 factor, so the payback is $39,150.
Are restaurants in Lakewood eligible for a second position merchant cash advance?
Many are, because they run on nightly card and takeout sales. Funders still decide each file on deposits and time in business.
Ready to see what a second position MCA costs your Lakewood 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.