Get cash when you need it for payroll, working capital requirements, covering your accounts receivable, or purchasing inventory. Flexible draw and repayment terms provide an efficient way to cover your business improvements.
Accounts Receivable Line Of Credit A line of credit supported by accounts receivableCash advances based on a percentage of a company’s eligible receivables as shown on the aging schedule provided by the companyRepayment is flexible to correspond with the collection of receivables
Prime Plus Business Access Creditline This revolving creditline for businesses is accessed by using special checks, providing convenient access to cash to help meet business needs – for working capital, trade discounts, financing receivables, managing short-term cash requirements or overdraft protectionMaximum credit limit: $250,000. The credit reserve is replenished as funds are repaidInitial start-up fee and an annual renewal fee are based on the creditline requestedThere is no transaction feeInterest rate: Hawaii National Bank base rate plus a margin. For the current rate of interest, please call one of our loan professionalsA monthly statement will show the activity in your creditline, including the amount of accrued interest and payment dueMinimum monthly payment: 2% of the outstanding balance plus interest or $100 including interest, whichever is greaterNo prepayment penalty
Prime Plus Business Equity Creditline A term loan or line of credit based on a second mortgage on a fee simple/leasehold commercial property and improvementsFor working capital
To talk with our experienced team of locally based loan professionals and product specialists, call (808) 528-7711 or visit one of our conveniently located branches on Oahu, Maui and Hawaii.
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