About Our Fuel Advance Offers
Fuel is the number one operating cost for trucking companies, and it’s not getting any cheaper. That’s why Porter Freight Funding offers a fuel advance program that allows you to get the funds to purchase the fuel you need to deliver your loads. Whether you or your drivers are on the road or waiting for your shipment, we’ll help you get the fuel you need without waiting long periods or filling out complicated forms.
Fuel Partners
An Easy Process for Getting Fuel Advances for Your Trucking Business
You can get the cash you need with trucking fuel advances from Porter Freight Funding. Whether you or your drivers are traveling across the country or locally, we’ll help you get back on the road and deliver loads successfully.
With our fuel advance service, all it takes is a $20 flat fee for us to process your application, then we’ll give you an advance of up to 50% of the value of your load. This service enables you to enjoy peace of mind knowing that if you don’t have enough fuel to get where you need to go, our team can provide an advance to help you deliver your load.
What To Expect From Our Fuel Advance Offer
If you run a trucking operation, fuel advance programs can be extremely useful in helping you manage your business expenses. Use our fuel advances to:
With a trucking fuel advance program, you can accept more loads without worrying about the transportation cost. We will pay you part of the value amount before you deliver the load, so you don’t need to worry about whether you’ll have enough money to cover expenses like fuel and maintenance.
Trucking fuel advances allow you to save time and increase efficiency by eliminating the need to wait for your client to pay your invoice. These advances allow you to get part of the money you will earn after you officially deliver the load. As a result, you can earn revenue early to pay for vital expenses and move forward with your business.
If you’re a trucker or own a trucking company, you know that the financial aspect of your business is critical. You need to make sure you’re always able to pay for fuel, which can be a real challenge during times of high demand or low supply. A trucking fuel advance program provides you with a consistent source of funding for your fuel needs so that you can focus on what matters most — transporting shipments.
No matter what kind of trucking operation you run, fuel advance programs are designed to help your business grow faster. They can take the stress out of worrying about how you’ll pay for fuel and allow you to concentrate on growing your business in other ways.
With the ability to put the money from a load advance on your fuel card, you can easily distribute resources, meet the demands of your business and ensure that you and your team have the necessary tools for success.
Freight factoring allows you to sell your invoices immediately instead of waiting 30 days or more for customer payment. Coupled with fuel advances, freight factoring from a reliable company enables you to streamline your cash flow to afford your business expenses and continue meeting your clients’ needs effectively.
Requirements to Get a Fuel Advance
You can request your advance by providing:
- Signed bill of lading: A signed bill of lading outlines the terms and conditions of a shipment, including information such as who is sending it and the shipping destination. Since it includes the names of all parties involved in a trucking transaction, a lading bill functions as proof that the parties have agreed on terms for a specific shipment.
- Signed confirmation sheet: A rate confirmation sheet is a document that confirms the rates that you will charge a client for a particular shipment.
After we receive your bill of lading and rate confirmation sheet, our team will call to confirm the pickup. We’ll then immediately transfer funds to your account so that you can start purchasing fuel right away.
Fuel Advance FAQs
Common fuel advance questions include:
A trucking fuel advance is a solution for when you need to cover your fuel costs before you deliver a load. You can get an advance on the load to ensure you have enough money to reach your destination. This short-term financing solution for truck drivers is easy and fast, so you can spend more time driving and less time worrying about how you will pay for fuel.
You can apply for a fuel advance in minutes, and we’ll work hard to get your money to you within hours, or even immediately when using our Fuel Card or Tank Card! Fuel advances are a fast and easy way to get the money you need when you need it.
While good credit isn’t necessary, it can help.
As Porter Freight Funding works with carriers of all sizes and across various industries, we understand your credit score is very personal. We work hard to make sure that everyone has an opportunity to get the funding they need, no matter their financial situation.
Yes, you can use your fuel card and fuel advance together.
Your fuel card is only limited by your trucking company’s credit line and overall finances, and it allows you to purchase as much fuel as you want or need at any time. Your fuel advance, an advanced payment from us to you, can be loaded onto your fuel card to ensure you have the funds to fill your tank when it comes time to travel.
Yes, you can. We can transfer funds directly and immediately to your Tank Card. This method is faster than an ACH and cheaper than a Wire because it’s free! As soon as the funds are transferred, you can access them immediately to use the card, send money, or transfer to your bank account.
Fuel advances come with a small processing fee deducted from your total advance. While the service fee is a small cost to pay for the convenience of getting a fuel advance, it is something you should consider before applying.
No, Porter Freight Funding does not require you to pay a sign-up fee before you can receive fuel advance services and benefits. We make fuel advances easy with month-to-month options and discounts on contracts spanning six months or more. Simply apply online or call us today to get started!
You can receive your advance in one of three ways:
- Have it loaded onto a fuel card you use to purchase fuel at one of our partner stations.
- Receive a wire transfer directly to your business checking account.
- Get funds delivered weekly to reserves.
Make Fuel Easy With Porter Freight
When you partner with Porter Freight Funding, you can trust that we’re here to help you grow. With freight factoring services, discounts on fuel cards and fuel advances, dedicated customer service representatives, and more, we want to make it as easy as possible for your business to succeed.
Apply for Porter Freight Funding’s fuel factoring program by reaching out for a free quote today!