We know that being a business owner and running your company is no easy task. The last thing you need to worry about is waiting for customers to pay and that effecting your cash flow. Put your business at ease with the help of a Hawaii factoring company. Have your unpaid invoices generate money for your business by using accounts receivable factoring.
Invoice factoring, also known as accounts receivable factoring, is the process of selling your business’ unpaid invoices to a factoring company for a cash advance.
Factoring Step by Step
All your company has to do to start working with a Hawaii factoring company is give us a call or fill out an online form. From there, we’ll match your business with a factoring company that best fits your needs.
First, you will go through a brief approval process. Once you are approved, you can send the invoices of your completed work to the Hawaii factoring company. The factor will then advance you up to 95% of the invoices. Your customers will then pay directly to the Hawaii factoring company. Once the factor has received the payment, they will release the remaining percentage to your business minus a factoring fee. This process will leave you debt free because there won’t be anything you need to repay to the factor. The best part? You will receive your advances within 24-hours, whenever you need it.