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: