Fleet Factoring for Trucking Companies

Fleet factoring built for carriers and multi-truck fleets.  Get paid in 24 hours and scale with confidence, without the surprises other factoring companies hide.

  • 1.5% Rate for the First 60 Days
  • 95% Advance Rate
  • Fast, predictable cash flow for growing fleets
  • Get 24 Hour Funding with No Affect to Your Credit
See If You Qualify!

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 Impact on Your Credit

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Name*
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What type of equipment do you primarily operate?
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Why Fleets Choose Porter
Freight Funding

Fleet factoring for trucking companies allows carriers with multiple trucks to turn unpaid freight invoices into immediate cash flow. Instead of waiting 30 to 60 days for brokers to pay, fleets can receive funding within about 24 hours and keep trucks moving.

Meet the Team Supporting Your Fleet

See How We Help
Fleets Succeed

Watch this short video to learn how our team supports dispatchers, fleet managers, and drivers every day.

Real Feedback From
Real Fleets

We’re proud to be one of the highest-rated freight
factoring companies for fleets, with 361+ reviews and a 4.8
Google rating.

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.
See If You Qualify!

"*" indicates required fields

This field is hidden when viewing the form
This field is hidden when viewing the form
MM slash DD slash YYYY
This field is hidden when viewing the form
MM slash DD slash YYYY
Name*
Please enter a number greater than or equal to 0.
What type of equipment do you primarily operate?
(Select one that best applies)
How long have you been in business?*
This helps us tailor your rate options and available programs
By submitting this form, you consent to receive email and text communications related to your inquiry.

FAQs

What is fleet factoring for trucking companies?
Fleet factoring is a financial service that allows trucking companies with multiple trucks to turn their unpaid freight invoices into immediate cash. Instead of waiting 30 to 60 days for brokers or shippers to pay, a factoring company advances most of the invoice value within about 24 hours, helping fleets maintain steady cash flow for fuel, payroll, maintenance, and growth.
Fleet factoring works by allowing trucking companies to submit their freight invoices to a factoring company after delivering a load. The factoring company verifies the load and advances a large portion of the invoice amount right away. When the broker or shipper pays the invoice later, the factoring company releases the remaining balance minus a small fee.
Trucking fleets use freight factoring to improve cash flow and avoid waiting weeks or months for payment from brokers and shippers. Faster access to revenue helps fleets cover operating costs such as fuel, driver pay, insurance, and truck maintenance while continuing to take on new loads.
Yes. Freight factoring can help trucking fleets grow because it provides predictable working capital based on completed loads. As a fleet hauls more freight and generates more invoices, it can access more funding without taking on traditional debt.
Most freight factoring companies provide funding within about 24 hours after verifying the invoice and delivery paperwork. This allows fleets to access revenue much faster than traditional payment terms from brokers or shippers.
Recourse factoring means the trucking company is responsible if a broker or shipper fails to pay the invoice. Non-recourse factoring shifts certain credit risks to the factoring company, protecting the carrier from some types of non-payment.
Freight factoring fees typically range from about 1% to 5% of the invoice value, depending on factors such as invoice volume, payment terms, and the creditworthiness of the broker or shipper.
Yes. Consistent cash flow allows trucking fleets to pay expenses on time, hire additional drivers, maintain equipment, and take on more freight opportunities. Many fleets use factoring as a tool to scale operations without waiting for slow broker payments.
Most freight factoring approvals are based primarily on the creditworthiness of the broker or shipper rather than the trucking company itself. This makes factoring accessible to newer trucking businesses that may not yet have established credit.
When choosing a fleet factoring company, trucking businesses should look for:
  • fast payment speed
  • transparent factoring rates
  • strong credit checks on brokers
  • reliable customer support
  • fuel discounts or business tools
  • flexible contracts
The right factoring partner should help fleets maintain stable cash flow while supporting long-term growth.

Freight factoring can be worth it for trucking companies that need faster access to cash flow. Instead of waiting 30 to 60 days for brokers or shippers to pay invoices, factoring allows carriers to receive most of the invoice value within about 24 hours after submitting paperwork. This immediate access to working capital helps trucking companies cover major operating expenses such as fuel, driver payroll, insurance, maintenance, and equipment payments.

For many trucking fleets, the value of predictable cash flow outweighs the factoring fee because it allows them to keep trucks moving, accept more loads, and avoid cash flow gaps while waiting for payments. Factoring can also reduce administrative work by handling invoicing and collections with brokers and shippers.

The best factoring company for trucking fleets is one that provides fast payments, transparent pricing, reliable credit checks on brokers, and tools that support trucking operations. Fleet owners should look for factoring companies that understand the trucking industry and offer services designed specifically for carriers.

Important features to evaluate include:

  • fast funding, often within 24 hours
  • clear and competitive factoring rates
  • credit checks on brokers and shippers
  • strong customer support
  • fuel discount programs and business tools
  • flexible contracts that support fleet growth

Factoring companies that specialize in trucking, such as Porter Freight Funding, are designed to help fleets maintain consistent cash flow while scaling their operations and keeping trucks on the road.