MERCHANT CASH ADVANCE STATISTICS 1st Quarter 2011 By: The Merchant Cash Advance Resource Funded Amount Assumes Average Merchant Cash Advance Deal is $25,000
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Background and Information on the Statistics see the full year 2010 statistics here 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 information's publication. For liability purposes, these figures should be considered purely the opinion of this site's 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 don't 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 you're 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 business's 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 of 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, therefore we are increasing your firm's exposure. We are an advocate of the Merchant Cash Advance financial product and believe any Direct Funder benefits from their information here.
NOTE: This study and the results remain the solely owned work of www.merchantprocessingresource.com
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