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09-18-2015, 12:40 PM #8
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17 million is a very inflated number. If you look at the revenue statistics for small businesses, about 14 million of those "small businesses" are under 100K in gross annual revenue, effectively eliminating them from qualifying for an MCA product, or even traditional financing.
I disagree that this space is under served in what you refer to as the push model. People have said the opposite, but I've found that eligible businesses are fairly well marketed to.
Say you have 4 million businesses, and just 50 ISOs reaching out to 100,000 prospects a month, whether it be direct mail, email, robo-dialing, cold calling, or any combination thereof, this covers 5 million prospects, more than the eligible pool of applicants. How can you say this space is under served?
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