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Complete Merchant Cash Advance Industry Statistics 2010

January 9, 2011
By: Sean Murray

We have gathered data on all 50 states and the District of Columbia and put
together the most comprehensive statistics for the Merchant Cash Advance
Industry in 2010!!!

What is a Merchant Cash Advance?

Where was this data pulled from?

Figures were obtained partially by counting the number of UCC filings with many Secretary of State Databases. We
complemented this with statistics from the U.S. Bureau of Labor, U.S. Census, and a little bit of intuition.

Are these figures exact?

No. These are not exact figures and our results should not be used as a basis for any financial decision. These are very
good estimates based on real data. We are not responsible if this information is misused, nor are we responsible for any

damages as a result of this informations publication. For liability purposes, these figures should be considered purely
the opinion of this sites authors.

Was the data manipulated to put some firms in favorable or less favorable light?
No. This site seeks to be an independent, unbiased community for the Merchant Cash Advance industry. The numbers
are what they are.

Was any personal, secretive, or confidential information obtained?

No. No Merchant Cash Advance provider or business owner had any personal or private information at risk. All data was
obtained legally and all data is already of the public record.

I have purchased UCC Secured Party marketing lists and there are hundreds of
Secured Party names that you dont seem to have listed on your site. Are you
missing a whole chunk of the market?
For the purposes of this study, we purchased some of these lists ourselves. We found that most of the secured parties
listed on there were not actually MCA providers. Though they carried names that incuded the terms capital, advance,
funding, a lot of them were firms that actually engaged in invoice factoring, A/R factoring, advances on lottery
winnings, loans, and leasing. If youre convinced otherwise, you can submit any secured party names to us by e-mail at
webmaster@merchantprocessingresource.com

I clicked on a state and the total number of UCC Filings does not equal the total
of the firms you broke down. How come?
We realize that some firms do not record transactions with a UCC filing or file under a name that we have not
discovered. The hard data is broken down, but the total for the state is a result of further analysis.

Are Merchant Cash Advance providers that fund a lot of businesses better than
the ones that only fund a few?
Not at all and our rankings should be not perceived that way! Every provider should be judged on their own merit. Some
firms choose to be small. The amount of businesses funded per year or per state do not in any way indicate the quality
of the deal or the businesss experience. Think Bank of America (Millions of Customers) or a small town community bank
(hundreds of customers). Business owners should do their own due diligence.

I am a Manger at or Partner at a Merchant Cash Advance firm that is ranked in

these statistics. The figures you have are wrong and I want to submit our actual
figures / I want you delete our company name from this publication.
Managers and Merchant Cash Advance firm owners can reach us at webmaster@merchantprocessingesource.com. Keep
in mind these results were put together from data that is already public and accessible. Our site receives hudreds of
visits a day(and were still fairly new), therefore we are increasing your firms exposure. We are an advocate of the
Merchant Cash Advance financial product and believe any Direct Funder benefits from their information here.
=============================

MERCHANT CASH ADVANCE STATISTICS 2010

Funded Amount Assumes Average Merchant Cash Advance Deal is $25,000

State

# of MCA Deals Dollars Funded

Arizona

369

$9,225,000

Colorado

503

$12,575,000

Hawaii

53

$1,325,000

Ohio

524

$13,100,000

Oregon

237

$5,925,000

Rhode Island

91

$2,275,000

Georgia

716

$17,900,000

New York

1,273

$31,825,000

Washington

355

$8,875,000

Texas

1,634

$40,850,000

California

2,768

$69,200,000

Alabama

311

$7,775,000

Alaska

46

$1,150,000

Arkansas

199

$4,975,000

Connecticut

218

$5,450,000

Delaware

56

$1,400,000

Washington D.C. 19

$475,000

Florida

1,522

$38,050,000

Idaho

135

$3,375,000

Illinois

769

$19,225,000

Indiana

440

$11,000,000

Iowa

254

$6,350,000

Kansas

218

$5,450,000

Kentucky

311

$7,775,000

Louisiana

256

$6,400,000

Maine

108

$2,700,000

Maryland

362

$9,050,000

Massachusetts

349

$8,725,000

Michigan

650

$16,250,000

Minnesota

425

$10,625,000

Mississippi

180

$4,500,000

Missouri

425

$10,625,000

Montana

93

$2,325,000

Nebraska

152

$3,800,000

Nevada

170

$4,250,000

New Hampshire 99

$2,475,000

New Jersey

527

$13,175,000

New Mexico

124

$3,100,000

North Carolina

613

$15,325,000

North Dakota

62

$1,550,000

Oklahoma

274

$6,850,000

Pennsylvania

895

$22,375,000

South Carolina

303

$7,575,000

South Dakota

80

$2,000,000

Tennessee

466

$11,650,000

Utah

220

$5,500,000

Vermont

52

$1,300,000

Virginia

457

$11,425,000

West Virginia

311

$2,975,000

Wisconsin

434

$10,850,000

Wyoming

49

$1,225,000

TOTALS

20,966

$524,160,355

There were approximately 21,000 Merchant Cash Advance transactions in 2010 for a total
of over $500 Million Funded. For the first 11 states listed at the top, you can click the link
to view a detailed breakdown by funding provider. The market share percentage stays
relatively consistent state to state and therefore we only felt it necessary to include data
for 11 states. It should be noted that those states make up 41% of the national
population.
For previously released data on the business types most commonly funded, click here.
=============================

NOTE: This study and the results remain the solely owned work of www.merchantprocessingresource.com
If you wish to refer to any data described here for an article or advertisement, you may do so by acknowledging the
source and including a link to our site.
The Merchant Cash Advance Resource