Is Factoring right for you?

Is your business growing rapidly and you need cash to fill orders or services, but have too much money tied up in accounts receivable?

Is your business doing well, but to take advantage of new sales and profit opportunities you need more cash flow?

If this is you, let's talk. Don't worry, HRM is a Hawaii owned and staffed company. We're pretty akamai on what's happening throughout the State of Hawaii. Fill out an application or call us today!

Frequently Asked Questions about Factoring

Q: Who is Hawaii Receivables Management LLC (HRM)?
A: We are a locally owned and operated Accounts Receivable Management company which specializes in the purchase of invoices for cash.

Q: Why would a company sell their receivables?
A: Companies that find cash flow as a recurring problem often can't afford to have cash tied up in receivables for 30-45 days. They need the cash to support their rapid sales growth or to meet immediate financial demands.

Q: Is factoring a type of loan?
A: NO! Factoring is defined as the purchase of a company's receivables as opposed to a loan using the receivables as collateral. You are not creating debt with Factoring.

Q: Wouldn't a bank loan make more sense?
A: Banks often have restrictive lending requirements relating to cash flow, profitability, equity, and years in business which prohibit them from making loans. HRM is not in the lending business. The decision to purchase invoices is influenced by the quality of your customer base and their performance as opposed to your years in business or financial strength.

Q: If HRM buys my invoices, who actually bills my customer?
A: It's business as usual. You prepare your customer's invoice and forward it both to your customer and HRM. HRM then pays you and follows up to ensure receipt of payment.

Q: How quickly do I get paid?
A: HRM pays within 24 to 48 hours of receipt of the invoice and any required supporting documentation or invoice validation.

Q: How are the fees for HRM services determined?
A: Fees vary from company to company and from client to client. They are determined by a combination of the quality of your customer base, average payment cycle, invoice size and invoice volume, and of course your good character.

Q: Do I need to sell all of my invoices?
A: You decide which customer's invoices you need to sell to manage your cash flow needs. All we ask is that you sell us ALL of a specific customer's invoices to make it easier for your customer?s finance department in sending payments.

Q: How big do I need to be to qualify for factoring?
A: If your company generates at least $10,000 per month in accounts receivable, Hawaii Receivables Management can help your company today.

Q: How do I sign up?
A: Complete and fax our quick and easy Application Form for a free, no obligation consultation. Or contact us by phone if you want to speak with someone in person.