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Get Paid Faster With Freight Factoring
Payments from shipping companies take a while to come through, but you need money now. At Porter Freight Funding, we offer freight bill factoring — a service that provides you access to your money within 24 hours and sometimes sooner. You’ll accept and deliver shipments on your own, then send us the load documentation. We’ll give you an almost 100% of what the shipper owes you right away.
Porter Freight Funding contracts are flexible and full of benefits. We offer convenient options like free broker credit checks and free invoicing with any of our freight factoring services. With over 100 years of industry experience, we’re the right freight factoring company for trucking businesses anywhere in the U.S. Get started with Porter Freight Funding today!
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Dedicated account executive
100 plus years of experience
Network of vetted dispatchers
Fuel card & discounts
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 funding packages. Recourse factoring packages yield competitive advance factoring rates within a short contract that you can renew at any time. Non-recourse factoring gives you 100% of your earnings upfront as soon as you submit your notice.
Non-Recourse Factoring
No reserve account – you receive 100% 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
Why Freight Factoring With Porter Freight Funding?
There are several ways trucking businesses can benefit from working with a freight factoring company. Porter Freight Funding helps you capitalize on them all, plus our own unique perks:
- Financial certainty: We’ll pay you upfront and wait for your freight bills so you’ll get what’s yours every time.
- Same-day transactions: You’ll receive your share as soon as you submit all the information we need to approve the shipper and process the payment.
- Pre-approved clients: We’ll grant you access to pre-approved brokers and shippers so you can expand your earnings.
- Dedicated industry experts & representatives: Our team will be there to handle all of your transportation factoring questions and needs.
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.
Contract options available:
Yearly, 6 months, or month-to-month.
Our rates are not tiered.
They are all true flat rate pricing.
Dedicated client representative
Assigned to take care of your business needs.
Fuel advances available
45% of the load
Expert dispatchers for:
Reefer, Hotshot, Flatbed, Van, and Power-Only.
Access
Access to list of pre-approved brokers and shippers.
There are endless amounts of freight factoring companies across the United States, but not all of them have your back like we do. You deserve the best for your trucking company, and that’s exactly what we are.
Talk with a freight factoring specialist today about how we can help you increase your working capital and grow your trucking business.
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Learn More About Our Freight Factoring Process
Your trucking business will go further when you have the financial certainty of fast, competitive payments. Porter Freight Funding is here to advance your cash flow so you can focus on what your fleet does best. We encourage you to apply online today! For more information, please get in touch with a helpful representative.
Our clients work with a dedicated client representative and industry experts for all their freight factoring needs.
“Porter will always handle your billing and factoring services with the best customer service, respect, and attention to detail.”