Love’s Travel Stops recently introduced Love’s Financial, a service that offers factoring solutions to professional drivers. Love’s newest service is designed to help drivers manage their business and cash flow through flexible cash management products with lower transaction fees, said the company.

“Professional drivers have come to trust Love’s to provide them with services that will make their businesses run more efficiently,” said Gary Morgan, director of Love’s Financial. “Professional drivers and transportation fleets who want to grow their businesses or improve cash flow see factoring as a tool that makes sense. Factoring through Love’s Financial helps drivers meet financial obligations that often hinder growth.”

Drivers can wait up to 60 days for payment from shippers after delivering a freight load. Love’s pays its customers within 24 hours or less, which provides the capital they need between loads to cover upfront expenses, such as fuel, insurance and payroll. Drivers can factor with Love’s remotely, or at any Love’s that offers Transflo Express, free of charge. Factoring is different than a loan, meaning drivers won’t incur debt and it comes without the same level of credit restrictions, said the service provider.