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Washington Merchant Cash Advance Stats

There were approximately 355* Merchant Cash Advance(MCA) transactions in the State of Washington for 2010

Using a $25,000 Average Deal Size, that equates to $8,875,000 provided to small businesses.

Estimated State Population in 2009: 6,664,195

Estimated State Retail Businesses: 37,030

State Unemployment Rate (As of Nov. 2010): 9.2%

 

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

 AdvanceMe 78
 Merchant Cash and Capital
 48
 First Funds
 33
 1st Merchant Funding 27
 Business Financial Services
 22
 Capital For Merchants
 13
 Strategic Funding Source (Including Colonial Funding Network)  12
 American Finance Solutions
 11
 AmeriMerchant 9
 RapidAdvance
 9
 Merchants Capital Access
 7
 Merchant Capital Source
 7
 Advantage Capital Funds
 5
 EZ Business Cash Advance
 5
 Greystone Business Resources
 4
 Max Advance
 4
 Sterling Funding
 4
 Factor Funding
 4
 Infinity Capital Funding
 2
 Merchant Advance Funding LP
 2
 BankCard Funding  1
 Business Consulting Options  1
 Centerboard Funding
 1
 Express Working Capital
 1
 Happy Rock Merchant Solutions
 1
 Snap Advances
 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:

Washington Secretary of State

Bureau of Labor Statistics

Government Census

 

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