Cash flow problems are common in the transportation industry because freight brokers or shippers can take anywhere from 30, 60, or even 90 days to get paid after hauling a load. This can be inconvenient in the long run as expenses don’t stop when a truck driver isn’t paid, and gaining access [...]
If you’ve been driving a truck for years or are only a few months in, you know that consistent cash flow is critical in the success of your trucking company. Being on the road is tough as it is, so having the comfort of knowing that your trucking company [...]
Growing a trucking business has its fair share of challenges. Business owners that make the right decisions at the right time have the greatest chance of success. It doesn't matter how long you've been driving in the trucking industry; if you don't know how to operate a company, you will [...]
Accounts receivable financing (A/R financing) is a great solution for businesses that need additional cash flow quickly. Porter Freight pays loads out within 24-hours, when shippers could take months. Porter Freight handles all the behind-the-scenes billing so you don't have to worry about anything but picking up and delivering loads.How [...]
Every owner-operator knows that in order to grow your business, cash flow is needed. You don't want to turn down loads, but you can not afford to put fuel in your truck for the next load if you aren't getting paid on the previous load for 30 days or more. [...]
You can't possibly receive a cash advancement with poor credit, right?! Wrong! Porter Freight Funding doesn't perform a credit check on you or your business prior to purchasing your invoices. If bad credit is holding you back from success, allow Porter Freight Funding to help! Invoice Factoring Invoice factoring is [...]
Many carriers think finding the lowest rate is the number one concern when choosing a trucking factoring company. While a low factoring rate is ideal, it shouldn’t be the deciding factor in which factoring company you choose. In other words, it is best to look beyond just the numbers when [...]
Decide what you need Each driver's needs are different, so it is important to figure out what you're looking for before you get started on researching other financing options. Ask yourself these important questions: What type of truck do you need for your commercial trucking business? What loads will [...]
How does quick pay work in trucking? What about freight factoring? These are common terms in the trucking industry, and understanding their differences and benefits is vital to your business's short- and long-term health. Learn how they work with Porter Freight Funding today. Freight Factoring vs. Broker Quick [...]