Frequently Asked Questions
We understand that you likely have a few questions about factoring. Here are a few questions frequenly asked. If your question is not answered below, please feel free to contact us with any questions you may have.
Is it right for me?
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Factoring is simply the purchase of a company's invoice and/or accounts receivable for immediate cash. Simple as that. Factoring involves the transfer of ownership of your accounts receivable, rather than a conventional loan.
Dorado Finance allows your company to continue to operate in a cash-rich environment, giving you immeiate access to capital, without the daily worry of collections and cash flow.
Nope. It is much more simple than going to a bank and hoping they wil extend credit for your needs. With Factoring, once we accept the invoice and advance your funds, we take over the mailing of the invoice and collection of the receivable.
There are no hidden fees, no monthly payments, and there is no time-consuming approval process. Doesn't get much simpler than that.
Your only risk comes if Dorado does NOT collect the invoice, or is incurring obstacles in the collection of the invoice(s). Then, and only then, do you become involved in the collection process.