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Hawaii Merchant Cash Advance Stats

There were approximately 53* Merchant Cash Advance(MCA) transactions in the State of Hawaii for 2010

Using a $25,000 Average Deal Size, that equates to $1,325,000 provided to small businesses.

Estimated State Population in 2009: 1,295,178

Estimated State Retail Businesses: 8,961

State Unemployment Rate (As of Nov. 2010): 6.4%

 

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

 AdvanceMe 20
 Merchant Cash and Capital
 6
 Strategic Funding Source (Includes Colonial Funding Network)
 4
 AmeriMerchant 3
 Business Financial Services
 3
 1st Merchant Funding
 2
 Factor Funding
 1
 Greystone Business Resources
 1
 Happy Rock Merchant Solutions
 1
 Merchant Advance Funding LP
 1
 Merchants Capital Access 1
 Merchant Capital Source
 1
 Snap Advances
 1
 EZ Business Cash Advance
 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:

Hawaii Secretary of State

Bureau of Labor Statistics

Government Census

 

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