Trucking Companies Review Love’s Financial

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Love’s Financial (created in 2014) is part of the family-owned company Love’s Travel Stops & Country Stores, which was founded in 1964.

WHAT IS OFFERED:

• Competitive factoring fees
• Funding in 24 hours or less
• High advance rates (up to 95%)
• $1,500 minimum credit line for all factoring customers
• Nationwide network and backend support
• No long-term contracts
• No minimum or maximum amounts.
• Fuel discounts (on Love’s truck stops)
• TRANSFLO Express® scanning service (free for Love’s factoring customers)
• No requirement to factor all receivables with Love’s. Clients can exclude specific debtors
• Love’s Express Fleet Card – convenient way to pay on the road. Card can be connected to factoring account.
• Both Recourse and Non-Recourse plans available
• Rates are flexible based on the amount of business.
• Funds can be deposited into bank account, on a fuel card, or on Love’s Express card
• No hidden (monthly or annual) fees.

ADDITIONAL benefits at the truck stop – free shower, and other rewards like this.

Overall impression of Love’s Financial – POSITIVE TO NEUTRAL

MAIN CONCERNS / HIGHLIGHTS

1) Even though Love’s as a company was created in 1964, Love’s Financial (the factoring arm of the company) was only created on June 10, 2014.

Therefore, not enough time passed to accumulate meaningful amount of consumer feedback.

There are no negative reviews online about Love’s Financial, and mostly positive reviews about parent company.

2) A good amount of valuable services are offered by Love’s financial. It looks like they are in good position to take a share of factoring market.