Get paid same-day or within 24 hours with freight factoring designed specifically for owner-operators, small fleets, new authorities, dry van, flatbed, and reefer carriers. Access fuel advances, a nationwide fuel card, and real U.S.-based support with flat-rate pricing with no hidden fees and no rate increases based on broker payment speed.
*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.
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.
Who Freight Factoring Is For
Freight factoring is built for:
- Owner-operators who need steady cash flow
- Small fleets scaling from 2–50 trucks
- Growing carriers managing multiple brokers
- Specialized solutions for flatbed trucking factoring and reefer carriers.
- Established fleets looking to improve cash flow and reduce admin work
If you haul freight and wait to get paid, factoring helps you keep moving.
Transportation Factoring Services Include
SAME-DAY Funding
On all loads sent in via your choice of ACH, Wire,
or Fuel Card.
No monthly minimums
On trucking companies with 1-2 trucks.
Our rates are not tiered.
They are all true flat rate pricing.
Dedicated client representative
Assigned to take care of your business needs.
24/7 Advances available
50% of the load
Expert dispatchers for:
Reefer, Hotshot, Flatbed, Van, and Power-Only.
How Our Freight Factoring Process Works
Getting your earnings fast is easy with one of our freight factoring programs. You’ll deliver your loads normally, then send all necessary load documentation. Once we process your load we’ll send funds to your bank account or fuel card according to your preferred plan for factoring freight bills.
We offer two types of freight bill funding packages. Recourse factoring packages yield competitive advance factoring rates within a short contract that you can renew at any time. Non-recourse factoring can give you advances of up to 95% of your invoice value for eligible carriers.
Non-Recourse Factoring
No reserve account – you can receive 95% of
your money upfront when you send your
factoring billsFlexible contract options
No minimum factoring requirement
(on 1 or 2 trucks)- Free credit checks on brokers
Billing and collections included
Recourse Factoring
Competitive advance rates
We offer flexible options of 1 year, 6 months, or
month-to-month contractsNo minimum factoring requirement on
1-2 truck companies.We will credit check all your brokers for free
Billing and invoicing assistance is optional
Freight Factoring Resources for Truckers
Freight Factoring FAQs for Trucking Companies
Freight factoring is a financial service that allows trucking companies to turn unpaid invoices into immediate cash. Instead of waiting 30 to 90 days for brokers or shippers to pay, you receive funding within 24 hours, improving cash flow and keeping your business moving.
After delivering a load, you submit your invoice and paperwork to a factoring company like Porter Freight Funding. The factoring company advances most of the invoice value within 24 hours, then collects payment directly from the broker or shipper.
Most trucking companies get paid within 24 hours or sooner after submitting invoices. This allows you to cover fuel, payroll, maintenance, and other expenses without waiting on slow-paying brokers.
No. Freight factoring is not a loan and does not create debt. You are simply receiving an advance on money you have already earned from completed loads.
Freight factoring typically involves a small flat-rate fee based on your invoice amount. With Porter Freight Funding, rates are transparent with no hidden fees, helping trucking companies predict costs and maintain consistent cash flow.
No. Approval is primarily based on the creditworthiness of your brokers or shippers—not your personal or business credit. This makes freight factoring accessible for new trucking companies and owner-operators.
Yes. Freight factoring is one of the most common funding solutions for new authorities because it provides immediate cash flow without requiring strong credit history or long operating experience.
Freight factoring helps trucking companies:
- Get paid faster
- Improve cash flow
- Avoid taking on debt
- Reduce administrative work
- Keep trucks moving and profitable
Recourse factoring means you are responsible if a broker does not pay. Non-recourse factoring offers protection in certain non-payment situations. The right option depends on your risk tolerance and business needs.
Porter Freight Funding offers same-day funding, transparent flat rates, no hidden fees, flexible terms, and dedicated U.S.-based support—giving trucking companies reliable cash flow and real customer service.
Yes. Freight factoring is one of the most effective tools for new authorities to maintain cash flow while building a customer base. Instead of waiting 30–60 days for broker payments, new carriers can get paid the same day and reinvest immediately into fuel, maintenance, and operations. This makes it easier to stay compliant, cover startup costs, and take on more loads early on.
Reefer trucking comes with higher operating costs due to fuel usage, refrigeration units, and strict delivery timelines. Freight factoring helps reefer carriers cover fuel, maintenance, and unexpected expenses without delays, keeping loads moving and margins protected. This is especially important when fuel prices fluctuate.
Yes. Flatbed trucking often involves longer hauls, higher-paying loads, and inconsistent payment timelines. Freight factoring ensures you get paid quickly regardless of broker terms, helping maintain steady cash flow between loads and reducing downtime between jobs.
Freight factoring works for a wide range of carriers, including owner-operators, small fleets, and specialized operations. Carriers hauling temperature-sensitive freight, oversized loads, or those just starting out often benefit the most from steady cash flow.
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.