Bankers Factoring: Your Local Hawaii Factoring Company
Hawaii, also called The Aloha State and Paradise is home to 1.4 million residents, beautiful beaches, and tourist attractions. Hawaiians benefit from water activities such as surfing, kayaking, sailing, and other outdoor scenes from volcanoes and mountains. The Aloha State is also home to Fortune 500 company, Hawaii Holdings, and over 105,000 small businesses. And Bankers Factoring is proud to remove the stresses of seasonal cash flow to Hawaii-based companies.
The economy in Hawaii is centered around tourism with airlines, hotels, rental facilities, and entertainment organizations. Other major industries also include agriculture, manufacturing, and transportation. Moreover, the six major islands provide ample opportunity for entrepreneurs, self-employed, and small businesses to serve the local preferences.
Thus, Bankers Factoring is proud to provide Hawaii-based companies with cash flow solutions such as accounts receivable factoring and PO Financing. We work with entrepreneurs, small businesses, and startups to fund their business growth. Additionally, our non-recourse invoice factoring solutions help business owners overcome many cash flow struggles such as:
- Overcome seasonal cash flow gaps
- Payroll funding
- Inventory purchases
- New equipment purchase
- Sales and Marketing
Bankers Factoring finances Hawaii Businesses in the Industries of:
Grow your business in Hawaii using a Hawaiian factoring company, Bankers Factoring. We offer invoice factoring and purchase order financing so you can turn your invoices into instant cash and your purchase orders into salable products.
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PO Financing in Hawaii
With Hawaii being a food manufacturing, tech, and logistic hub for many fast-growing industries, not having funds to fill an order can happen. Additionally, having cash flow problems in your business is not conducive to growth. What you need to keep growing your business is purchase order financing.
Purchase Order (PO) Financing is a B2B or B2G solution where a PO financing company like Bankers Factoring can buy the supplies you need or use our credit to arrange terms with your vendors. With PO financing, you can get to work and deliver your promise to your client. And since you also plan to factor the invoice for that order, we can offer you the PO financing you need.
What is the difference between invoice factoring and PO financing? It lies in when each is utilized. Invoice Factoring is used after you have sold and delivered your goods and services. PO funding is used to buy or finance the purchase of finished goods so they can be shipped to your customer, the Account Debtor.
To qualify for Hawaii PO financing, you must:
- Sell to B2B or B2G Customers
- Your Minimum gross profit must be at least 20%
- Have experience with similar products and comparable clients
- Transactions per month of no less than $50,000
- Provide qualified purchase orders or letters of credit for your customers
The Bankers Factoring Hawaiian Advantage:
As an employee-owned factoring company, we are familiar with how cash flow problems can set a company back. We provide the help you need to fulfill your promises to your customers.
- We take the Credit Risk
- Discount Rates as Low as .75%
- $25,000-$10,000,000 Invoice Credit Line
- Same Day Funding after Setup
- Apply Online in Minutes
- No Hidden Fees
- 24/7 Online A/R Reporting
- Credit Services & Risk Analysis