Industry Survey Results

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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:

DailyFunder Survey Results

Text version

#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

Top influencer?
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

Category: ACH Advances, business cash advance, Industry News, Loans, merchant cash advance, MPR Authored