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.
Why Choose Porter?
Why Carriers Choose Porter Freight Funding
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
Recourse Factoring
Freight Factoring Resources for Truckers
Should You Choose Freight Factoring or a Bank Loan?
If you're looking for working capital for your trucking business, you may be comparing freight factoring with a traditional business loan. While both provide access to funding, they work in different ways and are designed for different business needs.
Freight Factoring
Not a loan. A factoring company purchases your unpaid freight invoices and advances most of the invoice value upfront. Once your customer pays, the remaining balance is paid to you, less the agreed factoring fee.
Bank Loan
A fixed amount of borrowed money that must be repaid over time, often requiring a credit check, financial statements, collateral and monthly repayments.
For many owner-operators and trucking companies, freight factoring helps improve cash flow without taking on additional debt.
Porter Freight Funding vs. Traditional Bank Financing
Porter Freight Funding vs. Other Freight Factoring Companies
When comparing freight factoring providers, it's important to look beyond the advertised rate. Funding speed, customer support, contract terms and additional services can all affect the overall value of a factoring company. Porter Freight Funding provides freight factoring solutions for owner-operators, small fleets and growing carriers across the United States.
What Porter Freight Funding Offers
Which Funding Option Is Best for Your Trucking Business?
A traditional bank loan may be suitable if you're purchasing equipment, expanding your fleet or making a long-term investment.
Freight factoring is often a better option if your primary challenge is maintaining cash flow while waiting 30, 60 or 90 days for customers to pay invoices. Because funding is based on completed work rather than future borrowing, many trucking businesses use freight factoring to cover fuel, payroll, maintenance and operating expenses.
Freight Factoring FAQs
What is freight factoring for trucking companies?
How does freight factoring work step by step?
How fast can I get paid with freight factoring?
Is freight factoring a loan?
How much does freight factoring cost?
Do I need good credit to qualify for freight factoring?
Can new trucking companies use freight factoring?
What are the benefits of freight factoring for trucking companies?
Freight factoring helps trucking companies:
- Get paid faster
- Improve cash flow
- Avoid taking on debt
- Reduce administrative work
- Keep trucks moving and profitable
What are the benefits of freight factoring for trucking companies?
Why choose Porter Freight Funding over other factoring companies?
Can freight factoring help new trucking companies grow faster?
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.
Can freight factoring help new trucking companies grow faster?
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.
How does freight factoring support reefer trucking companies?
Is freight factoring a good fit for flatbed trucking companies?
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.
What types of trucking companies benefit most from freight factoring?
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.