New MC Freight Factoring That Gets you Paid Faster
- 1.5% Rate for the First 60 Days
- 95% Advance Rate
- Fast, predictable cash flow for growing fleets
Applies to the First 60 Days. 1-year recourse contract + 95%
advance rate, does not apply to Sprinter Vans or Boxed Trucks.
Get Started with No Credit Check.
What Is New Authority Freight Factoring?
New authority freight factoring is a funding solution that helps new trucking companies and owner operators get paid immediately for completed loads instead of waiting 30 to 60 days for brokers.
With freight factoring, you turn your invoices into same day cash flow so you can cover fuel with fuel discounts, and pay insurance and startup costs without taking on debt.
Why New MCs Choose Porter Freight Funding
At Porter Freight Funding, we help owner-operators turn delivered loads into fast, reliable cash flow — so you can pay for fuel, maintenance, permits, insurance, and everyday operating costs without taking on debt or sitting idle waiting on brokers.
How Freight Factoring Works
Freight factoring is simple and designed for new trucking companies who need fast cash flow.
Step 1
Step 2
Porter buys your invoice and advances most of the total immediately.
Step 3
Step 4
The Porter Advantage
Service
Porter
Competitor
Introductory Rate for the First 60 Days
1.5%
3-5% Typical
Chargeback Window
90+ Days
60 Days
Account Resolution Team
Goes to Work Retrieving Money on Day 91 at No Additional Cost
Applies Collection Fees
Termination Fee
$0 with 60-Day Notice
$5,000 Fee
Support Team
US-Based
Outsourced
Credit Checks
Instant
Wait Period
With a 1.5% introductory rate, a 90+ day chargeback window, and a US-based team that fights for your money at no extra cost, Porter Freight Funding gives fleets the stability, transparency, and support competitors can’t match.
Is New MC Freight Factoring Right For You?
This solution is ideal if you are:
- A newly authorized motor carrier
- Operating under your own MC number
- Hauling freight for brokers or shippers
- Looking to stabilize cash flow quickly
If you are unsure whether factoring fits your situation, our team is happy to walk through freight factoring options.
How to Qualify for Freight Factoring as a New MC
You can qualify for new authority freight factoring even with no credit or business history. Most factoring companies look at your broker’s credit, not yours.
To get started, you typically need:
- Active MC or DOT authority
- Commercial auto insurance
- A signed rate confirmation from a broker
- Basic business documents like a W9
How Much Does Freight Factoring Cost for New Carriers?
Most new carriers pay between 3% and 5% per invoice, depending on volume, broker quality, and risk. Rates often decrease as your business grows.
At Porter Freight Funding, new carriers can start as low as 1.5% for the first 60 days.
New MC Freight Factoring FAQs
What is new authority freight factoring?
New authority freight factoring is a funding solution designed for new trucking companies that allows you to get paid immediately for completed loads instead of waiting 30 to 90 days for broker payment. With freight factoring, you turn invoices into fast cash flow so you can cover fuel, insurance, and startup expenses without taking on debt.
Can I get freight factoring with a brand new MC?
Yes. Most factoring companies approve new authorities with no operating history. Approval is based on the broker’s creditworthiness rather than your own, making freight factoring for new carriers one of the easiest ways to access working capital when starting a trucking business.
How fast do new trucking companies get paid?
Most new carriers receive funding within 24 hours after submitting invoices. With solutions like PorterGO mobile app, you can upload paperwork, check broker credit, and access funding quickly to keep your truck moving.
Do I need good credit to qualify for freight factoring?
No. Freight factoring typically does not require a credit check for new trucking companies. Instead, the factoring company evaluates the broker or shipper you are working with, making it a strong option for new MCs building credit.
Is freight factoring a loan?
No. Freight factoring is not a loan and does not create debt. You are receiving an advance on money you have already earned from completed loads through freight factoring services.
How much does freight factoring cost for new carriers?
Freight factoring rates for new carriers typically range from 3% to 5% per invoice, depending on volume and broker risk. Some companies offer introductory rates, like freight factoring programs designed specifically for new authorities, which can help reduce costs early on.
What do I need to start freight factoring as a new authority?
To get started with new authority freight factoring, you typically need:
- Active MC or DOT authority
- Commercial auto insurance
- A signed rate confirmation from a broker
- Basic business documents like a W9
Once approved, you can begin submitting invoices and getting paid immediately through freight factoring.
How does freight factoring help new trucking companies grow?
Freight factoring improves cash flow by eliminating payment delays. Instead of waiting weeks for broker payments, you can reinvest immediately into fuel, maintenance, and expansion. Many new carriers also use tools like fuel card savings to reduce operating costs while scaling their business.
What is the difference between freight factoring and a business loan?
Freight factoring provides immediate cash based on invoices you have already earned, while a loan creates debt that must be repaid with interest. For new trucking companies, freight factoring vs line of credit comparisons often show factoring as the faster and more flexible option.
Can I use freight factoring with any broker?
You can use freight factoring with most brokers, as long as they pass a credit check. Many factoring companies provide broker credit checks through tools like PorterGO mobile app, helping you avoid slow-paying or high-risk brokers.
Freight Factoring Rate Quote
Fast, transparent, and tailored for Owner Operators.