Is factoring your invoices the only answer for a cash strapped, asset based carrier? Am I correct in assuming that in addition to having a secured, business line of credit with a chartered bank, there are some that also sell their receivables at a discount to factoring companies? Surely the financing costs of a line of credit would be more reasonable than a factor. Trying to operate profitably under the pressure of both line of credit and factor fees, would be extremely challenging. As freight broker said, there seems to be more and more carriers using factoring companies, and as a result, more factoring companies. I guess in the "old days" you either begged or borrowed the capital to get started and then pleaded with the bank to extend you some credit just to keep the wolf from the door and the wheels turning. Maybe there is a correlation between the expansion of the factoring industry and the number of new entrants into the trucking industry. Easier to obtain operating funds?