Love's Blog

Why Fleets Should Factor

Posted November 20, 2015
why fleets should factor

Many fleet owners feel as though they shouldn't or don't need to factor, but nobody in the trucking business has time to wait 30 to 45 days to collect on their invoices, especially a growing fleet.

Factoring is a smart solution to manage cash flow and to cover expenses like insurance, fuel, truck maintenance and payroll without creating debt for your business. Factoring will also provide you with back-office support, managing the collections process from start to finish.

For the past 50 years, Love's has introduced many products and services with drivers in mind: Love's Truck Tire Care Centers, Emergency Roadside Service and Light Mechanical Service are just a few. The addition of freight factoring services by Love's Financial is one more way we're meeting the needs of professional drivers. Love's now offers both recourse and non-recourse solutions and can put together a custom offer for your business.

Just a few benefits of factoring your fleet:

  • Competitive rates with high advances
  • Multiple funding options
  • Professional receivables management
  • Restructuring & workouts for distressed companies
  • 24/7 online account access w/ free debtor check
  • Funding within 24 hours

Factoring with Love's will give you the flexibility and stability you need to focus on what matters most to making your business successful - keeping your trucks on the road - and allows us to focus on what we do best - getting fleets the funds they need to keep their business growing.

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