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 | 13 |
| Merchant Cash and Capital | 8 |
| First Funds | 6 |
| Max Advance | 5 |
| Strategic Funding Source (Includes Colonial Funding Network) | 4 |
| Business Financial Services | 3 |
| RapidAdvance | 3 |
| EZ Business Cash Advance | 3 |
| American Finance Solutions | 2 |
| Greystone Business Resources | 2 |
| GRP Funding | 2 |
| Happy Rock Merchant Solutions | 2 |
| 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