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Market Size
 This year, the Commercial Finance Association’s survey confirmed another large increase in annual accounts receivable finance volume. Between 1998 and 2000, this financing grew from 76.2 billion to 87.3 billion, a compound growth rate of 7.02 percent. Over 100 finance companies participated in the annual survey.

During the last 23 years, the asset based lending industry has grown at an impressive rate. According to the Commercial Finance Association’s (“CFA”) Annual Marketing Survey, total outstanding loans were measured at $14 billion during 1978 and exceeded $200 billion for the first time in 1997.
Data compiled by the CFA estimates total volume of advances during 2001 totaled 2.145 trillion. The gross domestic product during the same year totaled nearly 10.1 trillion. The CFA analysis therefore concludes that the asset-based turnover represented over 21 percent of the goods and services financed in the United States.