Bankers Factoring: Your Local Hawaii Factoring Company
A Locally Owned Finance Factors and Payroll Funder
One of the few award-winning Hawaiian invoice factoring companies
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 companies, Hawaii Holdings, and over 105,000 small businesses. And Bankers Factoring is proud to remove the stresses of seasonal cash flow and address your specific needs to Hawaii-based companies with our accounts receivable financing and PO funding.
The economy in Hawaii is centered around tourism, with airlines, hotels, rental facilities, and entertainment organizations. Other major industries also include agriculture, manufacturing, semiconductor industries, trucking industry, and transportation. Moreover, the six major islands provide many opportunities for entrepreneurs, self-employed, and small businesses to serve 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 and teammates succeed by overcoming cash flow struggles, such as:
Invoice Factoring HI & Payroll Funding HI helps with:
- Overcome seasonal cash flow gaps
- Payroll funding versus unpaid invoices
- Get the cash out of your invoices fast.
- Inventory purchases
- Start-Up Staffing Firm Funding
- New Equipment Purchase
- Creative financial services
- Real Estate financing sister company
- Sales and Marketing
Bankers Factoring Finances Hawaii Businesses in the Industries of:
Aerospace & Defense
Grow your business in Hawaii using a Hawaiian factoring company, Bankers Factoring. We offer invoice funding and purchase order financing so you can turn your invoices into instant cash and your purchase orders into salable products.
With our diverse experience serving the islands, we want to be your local choice in finance factors family Hawaiian companies if you are turned down by a loan company.
As one of the best factoring companies in both 2022 and 2023, we stand ready to help with safe and fast working capital by turning your outstanding invoices into same-day monies.
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PO Financing in Hawaii
With Hawaii being a food manufacturing, tech, import, 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 combined factoring and PO financing you need.
What is the difference between invoice factoring and PO financing? It lies in when each is utilized. Invoice Factoring services are 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.
You can also read our guide to PO funding for small businesses about our diverse experience serving the Islands.
To qualify for Hawaiian PO financing, you must:
- Sell to B2B or B2G Customers
- Your Minimum gross profit must be at least 20%
- Have diverse 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%
- Voted best factoring company in 2022 and 2023
- $25,000-$10,000,000 Invoice Credit Line
- Same Day Funding after Setup
- Local Honolulu Invoice Factoring Company Offices
- Apply Online in Minutes
- No Hidden Fees and low factoring fees
- Special invoice financing programs for Hawaiian trucking companies
- 24/7 Online A/R Reporting
- Credit Services & Risk Analysis