A third position advance sits behind two advances that are already taking payments. Fewer funders offer it, and the ones that do review the file more closely. The core question is simple: can your deposits carry three payments and still leave room to operate? The overview is on our third position funding page.
What funders look at
| Item | Why it matters |
|---|---|
| Three months of bank statements | They show deposits, the existing debits and your balance on debit days. |
| Total payments against deposits | The combined payment after the new advance has to fit inside a slow week. |
| Payment history on both advances | On-time payments over several months count for a lot. |
| Overdrafts and returned items | A pattern of them raises questions. A few do not. |
| Deposit trend | Steady or rising deposits carry the file. |
| Purpose of funds | Money that produces revenue is easier to place than money that only covers payments. |
How to prepare
- List both open advances with payment amounts and frequency.
- Gather three months of statements for every account that receives deposits.
- Be ready to explain what the new money is for.
- Consider whether a refinance or consolidation would serve you better than a third advance. See the comparison.
Warning signs to check first
If the combined payment would take most of a slow week's deposits, a third advance is likely to make things worse. Read MCA stacking risks before deciding.