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: