The Merchant Processing Resource

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Texas Merchant Cash Advance Stats

There were approximately 1,634* Merchant Cash Advance(MCA) transactions in the State of Texas for 2010

Using a $25,000 Average Deal Size, that equates to $40,850,000 provided to small businesses.

Estimated State Population in 2009: 24,782,302

Estimated State Retail Businesses: 159,522

State Unemployment Rate (As of Nov. 2010): 8.2%

 

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

 AdvanceMe
 345
 Merchant Cash and Capital
 166
 1st Merchant Funding
 97
 First Funds
 85
 Business Financial Services
 81
 Strategic Funding Source
 66
 Merchants Capital Access
 62
 Max Advance 31
 Greystone Business Resources
 25
 AmeriMerchant 20
 Snap Advances
 15

Rest of firms are omitted...

 

*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:

Texas Secretary of State

Bureau of Labor Statistics

Government Census

 

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