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Ohio Merchant Cash Advance Stats

There were approximately 524* Merchant Cash Advance(MCA) transactions in the State of Ohio for 2010

Using a $25,000 Average Deal Size, that equates to $13,100,000 provided to small businesses.

Estimated State Population in 2009: 11,542,645

Estimated State Retail Businesses: 67,850

State Unemployment Rate (As of Nov. 2010): 9.8%

 

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

 
 AdvanceMe
123
 Merchant Cash and Capital
 56
 First Funds
 49
 1st Merchant Funding  32
 Business Financial Services
 28
 Strategic Funding Source (Including Colonial Funding Network)  26
 Merchants Capital Access
 22
 Merchant Capital Source
 13
 Capital For Merchants
 12
 Max Advance
 10
 RapidAdvance 10
 American Finance Solutions 9
 Greystone Business Resources
 9
 AmeriMerchant
 8
 EZ Business Cash Advance
 8
 The Business Backer
 7
 Business Consulting Options 6
 Snap Advances 6
 Merchant Advance Funding LP
 5
 Advantage Capital Funds
 3
 Express Working Capital
 3
 Sterling Funding
 3
 Factor Funding  2
 GRP Funding
 2
 Happy Rock Merchant Solutions 1
 Merchant Cash Group
 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:

Ohio Secretary of State

Bureau of Labor Statistics

Government Census

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