The Merchant Processing Resource

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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
 Merchant Cash and Capital
 Strategic Funding Source (Includes Colonial Funding Network)
 1st Merchant Funding
 Merchants Capital Access  53
 Business Financial Services
 AmeriMerchant 43
 Capital For Merchants
 Max Advance
 RapidAdvance 27
 Snap Advances
 Happy Rock Merchant Solutions
 American Finance Solutions
 Greystone Business Resources 16
 Sterling Funding
 BankCard Funding
 Merchant Advance Funding LP
 EZ Business Cash Advance
 GRP Funding
 Factor Funding
 Merchant Capital Source
 Advantage Capital Funds
 Infinity Capital Funding
 Merchant Cash Group  8
 Business Consulting Options
 Express Working Capital
 Money For Merchants
 Centerboard Funding
 Professional Merchant Advance Capital
 The Business Backer

*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