Question 1

What is factoring?

Accepted Answer

Factoring is a financial transaction where a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount in exchange for immediate cash. This allows the business to improve its cash flow.

Question 2

Who can use factoring?

Accepted Answer

Factoring can be beneficial for businesses that invoice their customers and have commercial accounts receivables, such as those in the manufacturing, distribution, and wholesale industries. If your business invoices customers for payment, you may be a candidate for factoring.

Question 3

How can factoring help my Hawaii-based business?

Accepted Answer

Factoring can help your Hawaii-based business smooth out the financial peaks and valleys of your business cycle by providing you with timely and dependable cash flow. Hawaii Receivables Management (HRM) specializes in providing factoring services to businesses all over Hawaii.

Question 4

What industries has HRM helped with factoring?

Accepted Answer

HRM has helped guide many businesses in the manufacturing, distribution, and wholesale industries to stronger financial positions through factoring. They have real examples of specific industries they have factored for on their website.

Question 5

What are the benefits of choosing HRM for factoring services?

Accepted Answer

HRM is a Hawaii-owned company founded by a former Bank of America Hawaii CEO. They provide fast, reliable, and trustworthy factoring services to Hawaii businesses. HRM is also a proud member of the International Factoring Association and has an A rating from Hawaii's Better Business Bureau.

Hawaii Receivables Management

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About Hawaii Receivables Management

Frequently Asked Questions about Hawaii Receivables Management

What is factoring?

Who can use factoring?

How can factoring help my Hawaii-based business?

What industries has HRM helped with factoring?

What are the benefits of choosing HRM for factoring services?

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