Hawaii Factoring Report

A Look Back at 2005

Planning for 2006 is in full swing at most businesses around Hawaii. Here at Hawaii Receivables Management (HRM), we too are looking at what 2006 has in store for us. When planning for the future it?s also important to take a look at the past.

A quick financial review of our short past reveals that Hawaii Receivables Management has reached several key milestones. The milestone that really stands out is the fact that we?ve purchased over $40,000,000 worth of invoices since we opened for business in 2001. $40 million in funding for many of Hawaii's fastest growing businesses. We?ve turned many of our customers into ?cash? businesses. As an HRM customer, you don't have to wait for your clients to pay you, you simply sell us their invoices and we turn those invoices into cash the next day. You can then use that cash to: buy more raw materials to manufacture more product to meet demand or to pay payroll or to pay taxes or to pay themselves, etc.

And while this conversion to cash is important, what we hear more and more from our customers is that we?ve provided them ?piece of mind?. We?ve smoothed out your cash flow peaks and valleys. You don?t have to wonder if invoice payments will be in the mail today so you can meet your obligations. With HRM, when you send out an invoice you know that the money is in your bank the next day.

At Hawaii Receivables Management, we take pride in knowing that we help to improve our customers' financial positions. One HRM customer became the 2005 SBA Exporter of the Year and another just made the PBN?s 2005 Hu?uulu ?Fastest 50? list. Both of these customers still factor with HRM.

If you want more information on how factoring can help your bottom line, please call Mike Young or Rick Humphreys at 254-9008, or fax us at 254-4208.

Have a safe and happy Holiday Season!

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