Second Position Merchant Cash Advance in SeaTac, WA
Second position merchant cash advances let SeaTac owners raise more capital while a first advance is still running. We send one file to the funding partners that take them and compare the quotes with you.
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How does a second position merchant cash advance work?
Nothing about the first advance changes: it keeps its debit and term. The second funder sets its own amount, factor rate and schedule.
What does the review cover?
The first advance's balance and withdrawal, bank statements since it funded, and whether its contract allows a second position. With a first debit of $402 a day, room in deposits decides the size.
How long do both debits overlap?
Until the first advance finishes. In the meantime, the account carries $771 a day, so the review checks that deposits cover it.
Which SeaTac businesses is a second position merchant cash advance built for?
SeaTac's 1,251 employer businesses include the trades below, each shown with its local count. Of the city's employers, 156 have 20 to 49 people on payroll.
| Trade | Businesses in SeaTac | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 88 | 25.4 | 15.4 |
| Clothing and accessories stores | 45 | 13.0 | 3.5 |
| Trucking companies | 21 | 6.1 | 3.3 |
Why would restaurants pick a second position?
First advance spent on food deliveries, line-cook payroll and equipment upkeep? A restaurant can still fund an outdoor seating area or new kitchen line with a second position. Census data lists 88 in the city.
How do clothing and accessories stores in SeaTac use it?
When a holiday inventory order or a second storefront comes up before the payoff date, a clothing store can stack a second position. SeaTac has 45 of them, 13.0 per 10,000 residents (U.S.: 3.5).
How does a second position fit trucking companies?
A trucking company ready for another truck or trailer can take a second position rather than wait. Local count: 21, 1.8 times the national rate per resident.
How would the numbers look for a restaurant?
Here is a restaurant with $91,000 in monthly deposits and a first advance that takes $402 a day. Adding $32,000 in second position at 1.45 puts another $368 on each business day over six months, for a combined $771 a day: 18% of a typical day's deposits.
| Worked example | Value |
|---|---|
| Monthly deposits (example) | $91,000 |
| First advance, daily debit | $402 |
| Second advance | $32,000 |
| Second advance factor rate | 1.45 |
| Second advance, daily debit | $368 |
| Combined daily debit | $771 |
| Share of an average day's deposits | 18% |
Which numbers decide the cost?
Second positions cost more than first positions because the second funder sits behind the first. Funders price from how much room your bank deposits leave after the first withdrawal. Run your figures in the stacked payment calculator.
Free to apply. You never pay us a fee. We call back, usually the same business day.
How does SeaTac compare with King County?
Of King County's 70,376 employers, 1,251 are in SeaTac. Among firms with 5 to 9 employees, the city has 245 and the county 12,083.
| Employees | SeaTac | King County |
|---|---|---|
| Under 5 | 515 | 39,655 |
| 5 to 9 | 245 | 12,083 |
| 10 to 19 | 204 | 8,556 |
| 20 to 49 | 156 | 6,076 |
How do SeaTac owners get a second advance on top of the first?
- Send the application and the details of your first advance, such as a debit of $402 a day.
- We check the request against monthly deposits of $91,000 in the example.
- You compare quotes with the combined withdrawal beside each one, $771 a day in the example.
What else should you consider?
If the first advance is nearly done, waiting for a new first-position advance can cost less. 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 SeaTac?
The nearest city on this list is Tukwila, at 3 miles. The biggest is Kent, home to 3,266 employer businesses.
| City | Distance | Employers |
|---|---|---|
| Tukwila, WA | 3 miles | 1,299 |
| Burien, WA | 3 miles | 1,095 |
| Des Moines, WA | 4 miles | 561 |
| Kent, WA | 5 miles | 3,266 |
What does a SeaTac business need to know about a second advance?
Can I get a second MCA with bad credit?
Yes. Deposits and how the first advance has run matter more than the credit score.
What does a 2nd position MCA cost?
In the example, $32,000 at a 1.45 factor, so the payback is $46,400.
Do funders offer second advances to SeaTac restaurants?
They do. With 88 restaurants in SeaTac, funders see these files regularly; the offer depends on bank deposits and time in business, not on the trade alone.
Ready to see what a second-position advance costs your SeaTac 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.