Second Position Merchant Cash Advance in Shoreline, WA
Second positions add capital for Shoreline operators without waiting for a payoff date. We send one application to funders that sit behind an existing advance.
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How is a second position advance set up?
The second position is a separate contract behind the first. In the worked example it adds $357 a day on top of the first withdrawal.
What does the review cover?
Funders read the first contract, the statements since it funded and the deposits left after its debit. Some first contracts restrict additional advances, so we check yours first.
Why take a second position instead of waiting?
Because the opportunity is now. For a restaurant, that means a second dining room or a catering kitchen while the first advance is still running.
Which local businesses does it suit?
Restaurants lead the trades below with 91 locations in Shoreline, a city of 1,309 employer businesses. That works out to 19.7 employer companies per 1,000 residents; 64% of them have fewer than five on payroll.
| Trade | Businesses in Shoreline | Per 10,000 residents | U.S. per 10,000 |
|---|---|---|---|
| Restaurants | 91 | 13.7 | 15.4 |
| Residential remodelers | 44 | 6.6 | 3.9 |
| Landscaping companies | 25 | 3.8 | 3.4 |
Why do Shoreline restaurants use a second position?
Growth for a restaurant looks like a patio build-out or a second location. A second position pays for it mid-term. Shoreline counts 91 of them, 7.0% of local employers.
When do residential remodelers reach for a second position?
Second positions let a remodeling company keep lumber, subcontractor bills and crew wages covered and still fund a larger remodel contract. That trade has 44 locations here (6.6 per 10,000 residents).
What makes landscaping companies a fit?
The second position gives a landscaping company room for a larger fleet ahead of the season while the first keeps running. Locally, 25 operate, 1.1 times the U.S. rate.
What would a restaurant pay for a second position merchant cash advance?
Say a restaurant deposits $89,000 a month and already pays $394 a day on its first advance. A second position of $31,000 at a 1.45 factor rate adds $357 a day for six months. Until the first advance finishes, the account carries $750 a day, 18% of an average day's deposits.
| Example item | Value |
|---|---|
| Monthly deposits (example) | $89,000 |
| First advance, daily debit | $394 |
| Second advance | $31,000 |
| Second advance factor rate | 1.45 |
| Second advance, daily debit | $357 |
| Combined daily debit | $750 |
| Debit as a share of daily deposits | 18% |
What sets the cost?
Steady deposits since the first advance funded and no missed debits bring the factor rate down. 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 Shoreline are employers concentrated?
Restaurants lead ZIP 98133, at 115 of its 1,194 employers.
| ZIP code | Employers | Leading trade | Its locations |
|---|---|---|---|
| 98133 | 1,194 | Restaurants | 115 |
| 98155 | 671 | Restaurants | 31 |
| 98177 | 415 | Residential remodelers | 19 |
How do I get 2nd position funding in Shoreline?
- Send the application and the details of your first advance, such as a withdrawal of $394 a day.
- A broker calls to confirm how much room the bank deposits leave.
- Offers come back from funders that take second positions, each with the combined daily withdrawal shown.
What else should you consider?
If the first advance is nearly done, waiting for a new first-position advance can cost less. If the two withdrawals would take too much of an average day's bank deposits, a second position adds strain. In that case consolidation replaces the advances with one lower payment.
Which nearby cities do we also cover?
Closest on the list: Mountlake Terrace, 3 miles away. Largest: Lynnwood, 1,289 employers.
| City | Distance | Employers |
|---|---|---|
| Mountlake Terrace, WA | 3 miles | 473 |
| Edmonds, WA | 4 miles | 1,096 |
| Kenmore, WA | 5 miles | 500 |
| Lynnwood, WA | 5 miles | 1,289 |
What does a Shoreline business need to know about a second advance?
Which funder is paid first when two advances run?
The first funder. That order is why second positions are priced higher.
How big can a 2nd position MCA be?
Funders size it from the deposits left after the first debit, so it's smaller than the first advance in most files.
Can a restaurant qualify for a second position merchant cash advance?
Yes. A restaurant qualifies the same way as any business: funding partners read deposits, balance history and open advances, then make quotes you can compare.
Want offers on a second advance for your Shoreline 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.