Freight Factoring

Whether you’re an owner-operator or a large fleet, Love’s Financial can provide customizable factoring solutions to help grow your business. Freight factoring is a smart solution to manage your cash flow, and cover expenses like fuel, insurance, maintenance and payroll without creating debt for your business. In addition to providing immediate payment on freight bills, Love’s provides unbeatable customer service while helping grow your business.

We can combine your factoring solution with any number of added services at our nationwide network of travel stops, such as fuel discounts, no fee credit line on Love’s Express Billing Program, Love’s Truck Care and Speedco, Emergency Roadside Service, light mechanical services, lube and preventative maintenance – all delivered with the Love’s commitment to outstanding customer service.

What is Freight Factoring?

Freight factoring is a financing method in which a trucking company sells their accounts receivable at a discount to a third-party funding source to increase cash flow. In other words, Love’s Financial buys invoices for the loads you’ve already delivered then collects from your customer.

Love's Freight Factoring in a Nutshell

Our team will prepare a customized plan based on the needs of your business. Once approved and setup is complete, you simply send us your invoices along with proof of delivery and Love’s will pay you within 24 hours and generally the same day. You can continue to focus on running your business while we collect from your customer. When you freight factor with Love’s Financial, you also have greater access to many other Love’s products and services - all delivered with the Love’s commitment to outstanding Customer service.

Types of Freight Factoring

Whether you’ve just started your own trucking company or have been in the business for a decade, it’s important to consider the different types of freight factoring to determine what is best for your business.

Non-Recourse Freight Factoring

Non-recourse factoring is a type of factoring facility in which the factor assumes the risk of non-payment if the customer does not pay the invoice due to an insolvency or a credit event, even if bankruptcy is not filed. When factoring with Love’s Financial, once we purchase your freight bills, you have no further liability. We will not charge them back to you in the event of non-payment, as long as the non-payment is not from a claim, dispute or short pay.

Who Should Use Non-Recourse Factoring?

  • Startup trucking companies or established trucking companies that need protection from invoices being charged back
  • Hauling mostly for freight brokers and/or finding loads off load boards
  • Need full advance on invoice less the factoring rate
  • Would like back office support, including billing and invoicing options
  • Don’t want to assume risk of customers

Advantages of Non-Recourse Factoring with Love’s Financial:

  • Flat factoring fee with full advance, maximizing your cash flow
  • Risk free freight factoring
  • Extensive database of credit approved brokers, shippers and freight forwarders
  • Invoice creation, billing, and collection services at no added cost
  • Multilingual sales and operations team
  • Knowledgeable inside sales phone specialists available to answer any questions and assist during setup process
  • Guaranteed minimum credit of $2,500 for fuel, tires, and maintenance
  • Same day funding to give your bank account an immediate boost

Freight Factoring with Love’s Financial offers competitive Non-Recourse factoring plans. If you’d like more information, please call us at 1-855-495-LOVES (1-855-495-5683), 901-255-8330 (Quick-Funding Office), or fill out this form below.

Recourse Freight Factoring

With recourse factoring the trucking company retains liability for the ultimate collectability of the factored invoice. As this carries less risk to the factor, recourse factoring is generally available at a lower discount rate. The factor purchases the freight invoice from the trucking company, but it may become uncollectible for any number of reasons (e.g. file bankruptcy, go out of business, claim/dispute on the load, etc.) which may result in a “charge back” to the trucking company.

Who Should Use Recourse Factoring?

  • Hauling for established and creditworthy customers
  • Interested in the lowest possible rates
  • Comfortable with a small reserve
  • Maximize the most cash for your invoices
  • Financially capable of paying back uncollected invoices to the factor

Advantages of Recourse Factoring with Love’s Financial:

  • Lower discount rates; maximize your funds from invoices
  • The approval process is fast! At Love’s Financial, approval happens 24-72 hours after we receive a completed application package
  • Extensive database of credit approved brokers, shippers and freight forwarders; larger credit limits for your customers
  • Ability to choose which customers you would like to factor
  • Credit terms for fuel, tires, maintenance and roadside assistance
  • Multilingual sales and operations team
  • Knowledgeable business development specialists available to come to your office to better customize a factoring solution for your trucking company
  • Bundled packages to include discounts at all of our nationwide network of travel stops
  • Scalable funding allowing maximum growth and cash flow for your business
  • Experienced collection team who maximize effort to collect invoices

Freight Factoring with Love’s Financial offers competitive recourse factoring plans. If you are interested in a custom quote built specifically for your trucking company, please reach out to our sales specialists for more information on recourse factoring. You can call us at at  1-855-495-LOVES (1-855-495-5683) or fill out this form online.

Freight Factoring For Other Industries

Oilfield Freight Factoring

The oil and gas industry can be full of booms and busts, which is why Love's Financial is here to provide financial consistency for your business. Our customized factoring solution is a simple process in which you sell us your accounts receivable and collect funds within 24 hours instead of the traditional 60 to 90 days. Regardless of your specialty within the oilfield, our funding is here to increase your cash flow while saving you time and money. Click here to get a quote today!

Advantages of Oilfield Factoring with Love's Financial

  • Love's exclusive bundled discounts on fuel, tires and maintenance.
  • Customized factoring solutions tailored specifically for your business.
  • Scalable funding to maximize growth and cash flow for your business.
  • Next-day payment.
  • Collections and Invoice billing support.
  • Multilingual sales and operations teams.
  • Dedicated account representatives specialized in trucking and oilfield industries.
  • Credit flexibility for debtors with extended-pay terms.

Who Should Use Oilfield Factoring?

  • All hauler types: vacuum, water, hot oil, sand and more.
  • Drivers interested in our lowest rates.
  • Content with a minimal reserve.
  • Maximize the cash from your invoices.

Freight Factoring with Love's Financial Gets You the Cash You Need Now

Benefits of Freight Factoring With Love's Financial

  • High Advances: Up to 99% access to cash from your invoices.
  • Professional Receivables Management: Back-office support, billing, collections and a dedicated account representative.
  • 24/7 Online Access: Review account, reporting, free debtor checks and ongoing credit support.
  • Funding Options for any Business: Be in control of when you get paid with our same day, 3-hour, and 60-minute funding options.
  • Competitive pricing options.
  • Bundled Packages Available: For greater savings, bundle factoring with discounts on fuel, tires and maintenance.
  • Credit: Enjoy our no-fee Love’s Express Billing Program, with minimum $2,500 guaranteed credit line for fuel, tires, maintenance or in-store purchases.
  • Earn More: Receive My Love Rewards points when you factor with us, plus earn points on qualifying purchases.
  • Love’s Factoring App: Submit your invoices from the comfort of your cab with our Love’s Factoring App.

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Need to learn more or ready to apply?

Contact Love's Financial Today!

Let our freight factoring specialists show you why Love’s is “The Better Way to Factor.”  We offer both non-recourse and recourse options for individual invoices up to large receivable portfolios.

Other Services Offerings

Love's Express Credit

Eliminate the hassle of using cash or personal credit cards for fueling needs. This card provides your drivers with consistent and competitive pricing with no transaction fees.


Universal Billing Program

The flexible and convenient billing program you've been waiting for. This new payment solution creates a unique and impactful opportunity for every truck on the highway.


RFID Automated Fueling

More fleets enjoy the convenience of RFID (radio frequency identification) cardless fueling at our locations because it creates a more accurate and secure billing transaction.