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New York Merchant Cash Advance Stats

There were approximately 1,273* Merchant Cash Advance(MCA) transactions in the State of New York for 2010

Using a $25,000 Average Deal Size, that equates to $31,825,000 provided to small businesses.

Estimated State Population in 2009: 19,541,453

Estimated State Retail Businesses: 116,705

State Unemployment Rate (As of Nov. 2010): 8.3%

 

Below is a fairly accurate breakdown of funding volume by MCA Provider. Data retrieved from New York Secretary of State UCC Records

 AdvanceMe 238
 First Funds
 155
 Merchant Cash and Capital
 148
 Strategic Funding Source (Includes Colonial Funding Network)
 77
 1st Merchant Funding
 64
 Merchants Capital Access  53
 Business Financial Services
 47
 AmeriMerchant 43
 Capital For Merchants
 33
 Max Advance
 33
 RapidAdvance 27
 Snap Advances
 21
 Happy Rock Merchant Solutions
 18
 American Finance Solutions
 16
 Greystone Business Resources 16
 Sterling Funding
 13
 BankCard Funding
 12
 Merchant Advance Funding LP
 11
 EZ Business Cash Advance
 11
 GRP Funding
 10
 Factor Funding
 9
 Merchant Capital Source
 9
 Advantage Capital Funds
 8
 Infinity Capital Funding
 8
 Merchant Cash Group  8
 Business Consulting Options
 7
 Express Working Capital
 4
 Money For Merchants
 3
 Centerboard Funding
 2
 Professional Merchant Advance Capital
 2
 The Business Backer
 1

*Figure includes new UCC-1 filings and in some cases, amendments. It also factors in an estimate of transactions that do not have any UCC records or undiscovered records.

Sources used:

New York Secretary of State

Bureau of Labor Statistics

Government Census

 

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