Business Factoring Hawaii

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What is Factoring?

Defined simply, factoring is the advance payment to a supplier for a receivable due from a customer. Many Fortune 500 companies use accounts receivable factoring. This type of financing is suitable for many businesses - large or small. If you find that your business is growing faster than receivables are being paid or if you have a "cash crunch" or an unexpectedly large order to fill, we can help with our factoring services. It's easy!
You can qualify for factor financing regardless of your credit history. Our credit decisions are based on your customer's credit rating and their ability to pay your invoices.
Many industry groups can use accounts receivable factoring services
Any business selling goods or services to other business customers may factor receivables. Here are a few of the industry groups we serve:

How does it work ? Here's the process step-by-step

Step 1. You deliver goods (or services) to your customer
Step 2. Your customer accepts delivery and signs delivery receipt
Step 3. You send the invoice and delivery receipt to the factoring service
Step 4. The factor advances funds (70 - 90 % of invoice) directly to your bank account
Step 5. Your customer pays the invoice amount to the factor
Step 6. The factor calculates fees accrued and remits balance to you

Fast, flexible funding
We can set up your account for funding within a few days. Once our master agreement is in place, you choose when, how often, and which invoices you wish to factor. When your customer verifies the invoices, we advance funds to you the same day. Our job is to make it easy for you to finance your accounts receivable. Once your account is set up, we can fund new invoices usually within 24 hours. In effect, you have a "credit line" which can grow as your business grows. Simply fill out an application and fax to our office.

A few years ago our company was growing rapidly. Our receivables were due on a 30 day pay basis. We were lucky if we were paid in 45 days! We needed this money to do our new building project and that's where Business Factoring Hawaii came in. We started factoring all our invoices and we would see our money the next working day. Flying Tour Business

Fortunately for us, Business Factoring Hawaii was there to help us turn our invoices for work completed into ready cash. This enabled us to take on larger jobs whose operating capital requirements would have been prohibitive. Construction Contractor