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Colorado Merchant Cash Advance Stats

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:

Colorado Secretary of State

Bureau of Labor Statistics

Government Census

 

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