There were approximately 503* Merchant Cash Advance(MCA) transactions in the State of Colorado for 2010.
Using a $25,000 Average Deal Size, that equates to $12,575,000 provided to small businesses.
Estimated State Population in 2009: 5,024,748
Estimated State Retail Businesses: 34,973
State Unemployment Rate (As of Nov. 2010): 8.6%
Below is a fairly accurate breakdown of funding volume by MCA Provider. Data retrieved from Colorado Secretary of State UCC Records
AdvanceMe | 128 |
Merchant Cash and Capital | 70 |
Business Financial Services | 32 |
First Funds | 24 |
1st Merchant Funding | 19 |
Greystone Business Resources | 19 |
Strategic Funding Source (Includes Colonial Funding Network) | 15 |
Merchants Capital Access | 14 |
Max Advance | 11 |
RapidAdvance | 11 |
Capital For Merchants | 10 |
Advantage Capital Funds | 8 |
American Finance Solutions | 8 |
Happy Rock Merchant Solutions | 8 |
Merchant Advance Funding LP | 7 |
Merchant Capital Source | 7 |
Factor Funding | 6 |
Snap Advances | 6 |
AmeriMerchant | 5 |
BankCard Funding | 5 |
Sterling Funding | 5 |
Business Consulting Options | 4 |
Professional Merchant Advance Capital | 4 |
EZ Business Cash Advance | 4 |
GRP Funding | 3 |
Express Working Capital | 2 |
The Business Backer | 1 |
Infinity Capital Funding | 1 |
Merchant Cash Group | 1 |
*Figure assumes that 15% of all MCA transactions are not recorded with the Secretary of State via a UCC Filing or are filed under an undisclosed legal entity. Additionally, some firms file a new UCC when conducting additional transactions with an existing client.
Sources used: