Industry Survey ResultsJuly 6, 2014 | By: Sean Murray
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