Invoice Factoring in Hawaii
Are your commercial or governmental clients taking up to 70 days to pay their invoices? Is this creating a cash flow problem? Offering payment terms to customers is a requirement in the current economic environment but it also creates problems for companies that are not well capitalized. Invoice factoring can solve this problem by providing funding for your company's most important asset - it's invoices from credit worthy customers. We offer invoice factoring services in Hawaii and can provide you with the financing that your business needs.
Factoring rates as low as 1.5%. Advances as high as 85%
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Questions? (866) 7301922. Toll free in Hawaii.
Financing for small and medium sized companies in the service, wholesale, oilfield services, janitorial, and manufacturing sectors that are located in Hawaii.
Funding for transportation carriers and freight brokerages.
This product provides the necessary funds to pay your suppliers and deliver on your orders. Purchase order financing is ideal for resellers, distributors or companies that need a letter of credit to pay suppliers
Funding for small and medium sized trade companies that sell goods and services to customers outside the US and Canada.
Financing for subcontractors of every type in the building trade.
Financing for businesses that supply services and products to Hawaii state agencies and to the federal government.
Financing for companies that provide guards for commercial, industrial and government sites.
Financing for staffing employment in the business and medical fields.
Factoring for new businesses, small office/home office (SOHO), consultants, independent professionals or any business with less than $250,000 in revenues.
Specialized program for healthcare practitioners and medical providers that bill private insurance companies, Medicare and Medicaid.
What is receivables factoring?
Factoring allows companies to sell their slow paying invoices from credit worthy customers to a factoring company in exchange for immediate funds. This limits the length of time you have to wait for customer payments and improves your cash flow. It provides the funds your company needs to pay for operations and to increase sales. Invoice factoring financing enables growing businesses to leverage their strongest asset - their invoices form strong credit worthy clients.
It is very simple to use and works as follows:
- You deliver your product or service and invoice your client
- You send your invoices to the factoring company
- The factoring company advances you the first installment - between 70% to 90% of your invoice
- The funding company gets paid by your client 30 to 90 days later
- The factoring company rebates you the second installment (the 10% to 30% reserve), less a small fee.
Accounts receivable factoring has a great advantage over other business financing products, such as a business loan. It is easy to qualify for, can be setup in days and more importantly, it has no set limits. Your receivable factoring line is based solely on your invoices from quality customers.
If your company is growing and you canít afford to wait up to two months to get paid by your clients, then receivables factoring may be the right solution for you.
Try reading these articles about factoring and business financing.