Get paid same-day or within 24 hours, without spending your borrowing power to get it. Porter gives trucking companies of every size — from owner-operators to established fleets — more control over their cash flow. That means creative funding options, advances up to 100% of your load, and free unlimited broker credit checks. On top of that, you get fuel savings and a high-touch U.S.-based team that actually understands trucking.
*Rates Starting at 1.5% for Eligible Carriers. Factoring rates vary based on invoice volume, broker quality, and payment terms. Eligible carriers may qualify for introductory rates starting at 1.5%, with custom pricing available based on business needs.
Who Freight Factoring Is For
If you haul freight and wait to get paid, factoring helps you keep moving.
What Does Porter Freight Funding Do?
Porter Freight Funding helps most trucking companies get funded the same day, with many carriers receiving payment within hours of submission. Instead of waiting 30–45 days for brokers to pay, you can get paid within 24 hours after verification.
We handle billing and collections so you can focus on running loads, not chasing payments.
- 01 Owner-operators who need steady cash flow
- 02 Small fleets scaling from 2–50 trucks
- 03 Growing carriers managing multiple brokers
- 04 Specialized solutions for flatbed trucking factoring and reefer carriers
- 05 Established fleets looking to improve cash flow and reduce admin work
Factoring for Trucking Companies
Transportation Factoring Services Include
Same-Day Funding
On all loads sent in via your choice of ACH, Wire, or Fuel Card.
Transparent Factoring, No Gimmicks
No hidden surprises in your rate or your reserve — just straightforward pricing you can count on.
A Financial Partner, Not Just a Lender
We help you run your trucking business better, not just fund your invoices.
Dedicated Client Representative
Assigned to take care of your business needs.
Paid at Pick Up
Available with 24/7 Advances through PorterWallet — up to 50% of load value, per truck.
Free Unlimited Credit Checks
With PorterGO, check broker credit as often as you need and find fuel discounts, right from the app.
There are countless freight factoring companies across the United States, but we are freight factoring professionals. You deserve the best for your trucking company, and that's exactly what we are.
Talk with a freight factoring specialist today about how we can help you grow your trucking business.
How Our Freight Factoring Works
Deliver your loads like always, submit your paperwork, and get funded on the plan that fits your business — recourse or non-recourse.
Haul Your Load
Deliver freight the same way you always have, no changes to your workflow.
We Verify & Approve
Our team confirms the broker and invoice, often within the same day.
Recourse vs. Non-Recourse Factoring
We offer two types of freight bill funding. Recourse factoring works well for carriers who prefer a small reserve and straightforward terms. Non-recourse factoring, on the other hand, advances 100% of your invoice value and protects you if a broker goes bankrupt or insolvent. Compare the two below to see which fits your trucking business.
Side-by-Side Comparison
Recourse vs. non-recourse freight factoring, compared by advance rate, reserve, contract terms, and included services.
| Feature | Recourse Factoring | Non-Recourse Factoring |
|---|---|---|
| Advance rate | Up to 100% of invoice value | 100% of invoice value, no reserve holdback |
| Reserve | Small reserve, released on broker payment | No reserve account |
| Broker bankruptcy protection | Not included | Covered if a broker goes bankrupt or insolvent |
| Contract terms | Standard term with written notice required at least 60 days before renewal | Same straightforward contract terms as recourse |
| Broker credit checks | Instant, free credit checks before you haul | Instant, free credit checks before you haul |
| Billing & invoicing | Handled by Porter’s Account Resolution Team | Handled by Porter’s Account Resolution Team |
| Best for | Carriers who prefer a small reserve and straightforward, no-frills factoring | Carriers who want full invoice value up front and broker-default protection |
Ready to Get Started?
Freight Factoring vs. Bank Loan: Which Is Right for Your Trucking Business?
If you're looking for working capital for your trucking business, you may be comparing freight factoring with a traditional bank loan. Both give you access to funding. However, they work in very different ways. See how Porter Freight Funding compares to a traditional bank loan below.
Use your bank relationships to grow your business. Use Porter Freight Factoring to operate your business.
Side-by-Side Comparison
Freight factoring through Porter Freight Funding compared to a traditional bank loan, by structure, funding speed, approval basis, and best use case.
| Feature | Porter Freight Funding | Traditional Bank Loan |
|---|---|---|
| Structure | ✓ A sale of your invoices, not a loan | Borrowed funds that must be repaid over time |
| Business debt | ✓ No additional debt on your books | Creates long-term debt with scheduled repayments |
| Funding speed | ✓ Same-day or within 24 hours on approved invoices | Approval and funding can take several weeks |
| Approval basis | ✓ Based primarily on the credit of the brokers and shippers you haul for | Based on your business credit, financial history, and collateral |
| Funding growth | ✓ Scales up as you submit more invoices | Fixed loan amount |
| Built for | ✓ Designed specifically for trucking businesses | General business financing |
| Best for | Ongoing cash flow while you wait 30, 60, or 90 days on invoices | Equipment purchases, fleet expansion, or long-term investments |
Which Option Fits Your Business?
A bank loan may suit you for buying equipment, expanding your fleet, or making a long-term investment. On the other hand, freight factoring is often the better fit when cash flow is your main challenge. That's because funding is based on completed work, not future borrowing. As a result, many carriers use it to cover fuel, payroll, maintenance, and day-to-day operating costs without taking on additional debt.
A Carrier Pays You $1,500 for a Load… Here's Porter vs. Quick Pay
1.5% rate applies to the first 60 days. One-year recourse contract + 95% advance rate. Excludes Sprinter Vans and Box Trucks.
With Porter:
Get Started With No Personal Credit Check
Complete the short form below to start getting paid faster. Porter does not run a personal credit check, so submitting an application will not impact your credit score.
Freight Factoring FAQs
Reefer carriers can manage higher fuel costs with consistent cash flow on every load. Learn more about reefer trucking factoring.
Flatbed carriers handling longer hauls and variable rates can stabilize revenue with factoring. See how flatbed trucking factoring keeps cash flow steady between loads.
New trucking companies can use factoring to grow without waiting on broker payments. If you're just getting started, explore freight factoring for new trucking companies.