Love's Factoring?

Discussion in 'Questions From New Drivers' started by johnnyBIGtruck, Mar 27, 2020.

Page 4 of 4

Feb 22, 2021 #31

REALITY098765 Road Train Member

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xsetra said: ↑

A "line of credit" (LOC) is a loan that can be attached to any asset or just a signature. Depends on your lending institution. I have my truck and trailer attached to the LOC.

My LOC has always been cheaper than factoring. Currently at 5.99%. It varies with the prime rate.
Click to expand...

Does not compute.

My LOC is prime plus 3%

REALITY098765, Feb 22, 2021

REALITY098765, Feb 22, 2021

#31
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