Industry Survey Results
Curious what the general consensus is on a variety of issues? DailyFunder® polled business lending industry insiders and analyzed the results. Click below to expand the graph, check out the image, or scan the text beneath it:
#1 What’s a Merchant Cash Advance?
61% consider it to be strictly a purchase of future revenue.
32% believe it’s an ambiguous term that could be used to describe a purchase transaction or a loan
How much are you earning?
62% reported making at least $100,000 per year
Almost half of the respondents in that group claimed to be making more than $200,000 per year
62% said stacking is OK in the right circumstances
19% said stacking is not OK
16% said stacking is the bane of the industry
Who’s earning more?
57% of respondents that were in favor of stacking make at least $100,000 per year
73% of respondents that were against stacking make more than $100,000 per year.
Trade show anyone?
78% would attend an alternative business lending/merchant cash advance conference.
4% flat out said they wouldn’t.
Do you have skin in the game?
58% of respondents have invested funds in a merchant cash advance directly or through syndication
A substantial portion of respondents wrote in OnDeck Capital CEO Noah Breslow as the most influential person in alternative business lending or merchant cash advance
Is government friend or foe?
49% fear future regulations could hurt their business
25% do not fear future regulations
What do insiders want to read more about?
- Regulatory issues
- Ethics, best practices
- Lead sources, lead generation, marketing strategies, sales guides
- The future, evolving products, trends
This graph appears in the July/August print issue of DailyFunder® magazine. Not subscribed? Get it free!Last modified: July 6, 2014
Sean Murray is the President and Chief Editor of deBanked and the founder of the Broker Fair Conference. Connect with me on LinkedIn or follow me on twitter. You can view all future deBanked events here.