Honolulu

Benefits of Factoring

Invoice factoring, also known as accounts receivable financing, provides companies with the cash they need to operate and grow by turning their invoices into same-day cash. When you choose Scale Funding over other factoring companies in Honolulu, you’ll get the many advantages of factoring with us.

Some of the benefits of choosing our Honolulu invoice factoring programs include:

• Approvals in as little as 15 minutes
• Free, no-obligation quote
• Easy setup
• Same-day funding
• High cash advances
• Low rates
• 24/7 online reporting
• Full treasury department
• Credit analysis and risk assessment
• Dedicated account collector

Many Industries Use Accounts-Receivable Financing

Since 1994, a variety of industries have utilized our Honolulu accounts-receivable financing programs including:

• Trucking
• Intermodal Transportation
• Heavy Construction
• Telecom
• Pipeline
• Utility
• Staffing Agencies
• Government Contractors
• Technology
• Many More

Flexible Cash-Flow Solutions

One of the reasons we’re recognized as one of the best factoring companies in Honolulu and throughout North America is because we’re able to offer flexible cash-flow solutions to many different businesses.

We realize companies go through financial hardships and we want to help them get back on their feet. Whether you have no credit, less-than-perfect credit, maxed credit or have filed for bankruptcy, our Honolulu invoice factoring programs can help get you the funding you need.

Both start-up companies and well-established companies in growth mode use our cash-flow solutions to operate and grow. Our monthly programs range from $50,000 to $20 million. No matter your business size or stage, we can help.

So, if you’re waiting to get paid and need to speed up your cash flow, contact a financial representative at Scale Funding today.

Honolulu, Hawaii

Located on the southeast shore of the island of Oahu, Honolulu is the capital of Hawaii and the largest city in the state. The name “Honolulu” is believed to mean “protected bay” or “fair harbor.” Honolulu became a city in 1905, but wasn’t part of the United States until Hawaii officially became a state in 1959.

History

When the first foreigner sailed into Honolulu Harbor in 1794, the rulers of the various islands were in the middle of a civil war over control of the archipelago. One resourceful ruler, Kamehameha I, developed alliances with visiting foreigners, which gave him access to westernized weapons and helped him conquer Oahu. Honolulu became a common stop for foreign ships travelling between Asia and North America and in 1845, Kamehameha III, the son of Kamehameha I, moved the capital of the Kingdom of Hawaii from Lahaina on Maui to Honolulu. This move paved the way for the modern day capital. The late 19th century and early 20th century were tumultuous for Hawaii, and Honolulu in particular, as it was during this time that the Hawaiian monarchy was overthrown, it was annexed by the United States, and the Japanese attacked Pearl Harbor. However, when Hawaii became an official state in 1959, it turned into a leading tourist destination, which brought rapid economic growth to the area.

Tourism

Tourism is one of the most important sectors to the economy of Honolulu, and Hawaii as a whole, as it is the largest single source of private capital into the economy. Visitors are drawn to Hawaii’s beautiful scenery, outdoor adventure and historical sites. In 2015, the tourism industry in Hawaii had a record year, with over 8.6 million visitors bringing in $15.2 billion in visitor spending. As the epicenter and capital of the state, Honolulu is a major tourism destination and accounts for a significant portion of the revenue from tourism. Honolulu is a popular destination for tourists, because of its major landmarks like Pearl Harbor and Diamondhead and its ability to combine city life with the relaxing nature of the Hawaiian culture. Additionally, Honolulu acts as a gateway to the rest of the state, as the majority of people who travel to the Hawaiian Islands have a layover in Honolulu. The only downside to the significance of the tourism industry is that it causes the economy of Honolulu to be largely influenced by the conditions of other economies, like the United States and Japan. If the economy of the main tourist market is poor, Hawaii’s tourism industry suffers greatly.

Military/Defense

The defense industry is the second largest source of income for the economy of Honolulu. In fact, the U.S. Government is one of Hawaii’s biggest employers. Being the largest city, Honolulu is the center for the defense industry and is home to the Army’s Schofield Barracks and Naval Station Pearl Harbor. Additionally, Pearl Harbor Naval Shipyard is Hawaii’s largest industrial plant and provides over 4,600 jobs to Honolulu’s workforce. Its primary responsibility is to maintain and repair the naval ships and submarines based there and to respond to emergency maintenance calls in the Pacific Ocean. In addition to the government, Honolulu is home to the operations of many top defense companies, including Lockheed Martin, BAE Systems, and Raytheon. Recently, the National Security Agency also opened a new facility in Honolulu that focuses on cryptology.

Agriculture

The island of Oahu has a large agricultural industry, which provides a significant portion of jobs to the labor force of Honolulu. Although sugar and pineapple were historically the main Hawaiian crops, the industry has begun to diversify. Oahu is leading this diversification with half of the diversified products in the state being grown there. Even though the majority of the farms on Oahu are outside of Honolulu, the largest dimension of the island is only 44 miles long by 30 miles across, which means that everything is interconnected and in close proximity.

Cargo

Honolulu is also a major cargo hub and is known as the “transportation crossroads of the Pacific.” In fact, Honolulu Harbor is one of the busiest cargo harbors in the United States. It acts as a hub for goods travelling between the East and West and is also responsible for distributing any goods arriving in containerized cargo to the rest of the islands in the state.