Freight Factoring vs. Line of Credit: Choosing the Right Cash Flow Booster for Your Trucking Business

Consider freight factoring vs. a line of credit. Invoice factoring unlocks immediate cash by selling your outstanding invoices to a third party. A line of credit provides a revolving loan you can tap into as needed. Factoring offers faster access to funds and can be easier to qualify for, but comes with fees. Lines of credit provide more flexibility in how you use the funds, but require good credit and interest accrues on borrowed amounts. Choose the option that best suits your business needs: fast cash flow or ongoing working capital support.

Visit At : https://tbsfactoring.com/i...