The Merchant Processing Resource

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Rhode Island Merchant Cash Advance Stats

There were approximately 91* Merchant Cash Advance(MCA) transactions in the State of Rhode Island for 2010

Using a $25,000 Average Deal Size, that equates to $2,275,000 provided to small businesses.

Estimated State Population in 2009: 1,053,209

Estimated State Retail Businesses: 5,727

State Unemployment Rate (As of Nov. 2010): 11.6%


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

 AdvanceMe 19
 1st Merchant Funding
 Merchant Cash and Capital
 First Funds
 Max Advance
 Strategic Funding Source (Includes Colonial Funding Network)
 Business Financial Services
 RapidAdvance 3
 EZ Business Cash Advance 3
 American Finance Solutions
 Greystone Business Resources
 GRP Funding 2
 Happy Rock Merchant Solutions
 Merchant Advance Funding LP  2
 Merchants Capital Access  2
 AmeriMerchant 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:

Rhode Island Secretary of State

Bureau of Labor Statistics

Government Census