Factoring in Hawaii

Need working capital now? Can’t wait 30 or 60 days for your Accounts Receivable to Pay? We can help.

Since 1998 we have proudly served the Aloha State of Hawaii with Accounts Receivable Invoice Factoring and Purchase Order Funding.

Hawaii is the most recent of the 50 U.S. states (August 21, 1959), and is the only U.S. state made up entirely of islands. It is the northernmost island group in Polynesia, occupying most of an archipelago in the central Pacific Ocean.

The history of Hawaii can be traced through a succession of dominant industries: sandalwood, whaling, sugarcane, pineapple, military, tourism, and education. Since statehood in 1959, tourism has been the largest industry, contributing 24.3% of the Gross State Product in 1997, despite efforts to diversify.

Hawaiian exports include food and apparel. These industries play a small role in the HI economy, however, due to the considerable shipping distance to viable markets, such as the West Coast of the United States. Food exports include coffee (see coffee production in Hawaii), macadamia nuts, pineapple, livestock, and sugarcane.

What is a Typical cost of Factoring?

Factoring fees are based on length of time for payment from your client. Below is an example chart of how fees work based on timeframe.

Fees vary based on your unique funding situation.

Keep in mind that a good factoring company will work with you based on your customer’s payment history and make sure your terms are favorable to you.

Your customers pay in a particular pattern. If your customers all pay in 37 days, then a fee based on 30-day increments would be slightly more costly. That’s because you will end up paying additional factoring fees based on the extra seven days. Factors can design your fees based on your unique situation – daily, 10-day increments, 60-day flat fee, etc.

Here is a list of just some of the Hawaii client types we have helped with their Working Capital Needs and the Services we provided: