FAQ
We understand that you likely have a few questions about factoring.
What is factoring?
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.
How can Dorado help me?
Dorado Finance allows your company to continue to operate in a cash-rich environment, giving you immediate access to capital, without the daily worry of collections and cash flow.
Is factoring like a loan?
No, invoice factoring is not a loan. In factoring, you sell your outstanding invoices to a factoring company in exchange for immediate cash. Unlike a loan, there is no debt to repay, and the financing is based on the credit of the business paying the invoice, not your creditworthiness..
How complicated is it?
There are no hidden fees, no monthly payments, and there is no time-consuming approval process. Doesn’t get much simpler than that.
What risks are involved?
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.
BRIEF SURVEY
Is invoice factoring right for me?
- Do I need immediate access to cash to cover expenses or seize new business opportunities?
- Am I facing long payment terms from clients that are delaying my cash flow?
- Do I want to outsource collections and reduce the time I spend on managing accounts receivable?
- Do I want to avoid taking on debt or increasing my liabilities to fund my business?
- Do I have a strong and reliable customer base with a good payment history?
- Do I need a fast and hassle-free financing option without the lengthy approval process of a traditional loan?
IF YOU ANSWERED YES TO ANY OF THESE,
Didn’t answer your question?
Give Us A Call! We’re Always Available to Help.
Dorado Finance Ltd.
Factoring invoices helps clients save time by allowing them to quickly access cash flow, without waiting for lengthy payment cycles, enabling them to focus on business growth and operations