Love's Financial has significantly expanded its service offerings through the acquisition of three freight factoring providers, enhancing support for small- to mid-sized trucking fleets across the United States.

Information on the Target

Love's Financial is a division of Love's Travel Stops & Country Stores, a family-owned and operated business established in 1964. With approximately 40,000 employees across North America and Europe, Love's operates a vast network of travel stops and convenience stores, boasting 669 locations in 42 states. The recent acquisition of three freight factoring providers—TBS Factoring Service, Saint John Capital, and Financial Carrier Services—will significantly enhance Love’s Financial's customer base and service offerings, particularly for small- to mid-sized trucking fleets.

With this acquisition, Love's Financial is set to welcome approximately 3,400 new customers, ensuring they experience seamless funding processes without interruptions. Additionally, these customers will benefit from enhanced services available through Love's extensive nationwide network, including fuel discounts and access to a no-fee credit line via Love’s Express Billing card program.

Industry Overview in the Target’s Specific Country

The freight factoring industry in the United States plays a crucial role in supporting small to mid-sized trucking operations by providing immediate capital in exchange for unpaid invoices. This financial service allows truckers to maintain cash flow without waiting for lengthy payment cycles typical in the transp