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: