Merchant Cash Advance Industry Funded $254 Million in First Half of 2010

The Merchant Cash Advance Resource estimates that approximately $254 Million dollars in Merchant Cash Advances were funded in the first 6 months of 2010.

Using anonymous inside connections, we were able to determine precise monthly funding volume from some of the top 20 major funding firms. Using existing UCC filing research, private data, and mathematical analysis, we were able to come up with the closest estimate of the industry’s activity. We will however give our figure a margin of error of $20 Million.

Our research also determined that funding volume increased by 35% in the 2nd quarter over the 1st quarter. This comes as no surprise as retail activity in January – March is traditionally weak.

Given the likely strength of the 4th quarter, the industry aims to hit approximately $600 Million for the year.

– The Merchant Cash Advance Resource