Yes. Holding an existing advance does not disqualify you — it is common enough to be routine. What changes is the size of what you can be offered, because the repayment already leaving your account is treated as a fixed cost against the cash flow available to support anything new.
Why position matters
Position simply means the order in which obligations were taken on. A first-position file has no other funding being repaid; a second-position file has one.
Later positions are underwritten more conservatively because there is less headroom in the deposits. That usually means a smaller amount rather than a refusal.
Disclose it at the start
Existing funding is visible in bank statements regardless — the repayments show as regular debits. Declaring it up front is faster and produces a more accurate offer, because the file is built around the real cash flow from the beginning.
Undisclosed obligations are the most common reason an offer gets reworked late, which costs days.
Consolidation and payoffs
Where existing funding is expensive or the daily payments have become tight, a payoff or consolidation is sometimes the better structure: the new funding clears the old and replaces several payments with one. Whether it improves things depends on the balance outstanding and the terms of what is being cleared, so it is worth checking rather than assuming.
How much can realistically be added
The practical constraint is what your deposits can support once the existing payment is accounted for. If $45,000 a month arrives and an existing advance takes $6,000 of it, the assessment is built on the remainder, not the headline figure.
That usually means a second position is smaller than the first was — sometimes substantially. Owners are often surprised by this, and it is worth knowing before you plan around a number.
It is also why stacking several positions gets progressively harder and more expensive. Each one consumes more of the same cash flow, and at some point the daily total stops being serviceable regardless of what the business is turning over.
Read next: Merchant cash advance · What underwriters read · Working capital
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