Top Cargo Invoice Factoring Businesses
Fast Facts
- Porter Freight Funding, established in 2011, is a subsidiary of Porter Capital Corporation, which has been providing working capital solutions since 1991. The team at Porter Freight Funding brings together over 100 years of experience in freight bill factoring.
- The company offers a 1.5% introductory rate and ensures access to the needed cash within 24 hours through freight factoring.
- Porter Freight Funding provides fuel advances of up to 45% of the load and has a savings program that includes discounts of over $0.14 per gallon at major chains and $0.25 per gallon at smaller locations.
- With a high customer satisfaction rate, Porter Freight Funding holds a 4.7-star rating on Google and offers a referral program where clients can earn $300 for referring a friend.
In-depth review of Porter Freight Funding
Porter Freight Funding is a freight factoring company that provides a variety of financing solutions for trucking businesses. They offer same-day funding and a transparent approach, aiming to deliver a dependable and efficient service to their clients. They cater to fleet owners, owner-operators, and freight brokers, with customized options to suit their unique requirements.
For those who own fleets, Porter Freight Funding provides straightforward and consistent financing, ensuring that your trucking fleet operates seamlessly without any financial obstacles. This can significantly impact businesses that aim to sustain a regular cash flow and prevent interruptions in their operations. Their competitive rates and fuel card program can also assist fleet owners in reducing fuel costs, thereby increasing their profitability.
Owner-operators can also gain significantly from the factoring services of Porter Freight Funding. By collaborating with them, owner-operators can enhance their financial stability and evade cash flow problems that often affect independent truckers. With the provision of same-day funding and flexible contract options, Porter Freight Funding equips owner-operators with the necessary resources to prosper in their business.
Freight brokers can also leverage the services of Porter Freight Funding. By using their factoring solutions, freight brokers can simplify their operations and concentrate on expanding their business. Moreover, Porter Freight Funding provides dispatching services and connections to pre-approved loads, further improving the efficiency and profitability of freight brokerage operations.
A remarkable aspect of Porter Freight Funding is their dedication to providing resources for success. They offer a mobile app, blog, videos, and FAQs, giving customers access to a plethora of information and support. Their blog covers a variety of topics relevant to the trucking industry, such as DOT and MC numbers, truck driver salaries, and auto-hauling tips. This shows their commitment to helping their customers stay informed and make knowledgeable decisions.
In conclusion, Porter Freight Funding is a trustworthy freight factoring company that provides financing solutions designed to meet the needs of trucking businesses. Their same-day funding, transparent approach, and competitive rates make them a dependable choice for fleet owners, owner-operators, and freight brokers. With additional services like dispatching, insurance, compliance assistance, and fuel cards, Porter Freight Funding offers comprehensive support to their customers. Their dedication to providing resources and information further distinguishes them, ensuring that customers have the tools they need to succeed in the trucking industry.
Products and Services
- Freight Factoring: Porter Freight Funding provides factoring services designed to help trucking businesses maintain consistent cash flow. Through this service, businesses can sell their unpaid invoices to Porter Freight Funding in exchange for immediate cash.
- Fuel Card Program: This service is aimed at helping fleet owners reduce their fuel costs. Porter Freight Funding's fuel card program offers competitive rates, thereby increasing the profitability of trucking businesses.
- Dispatching Services: In addition to freight factoring, Porter Freight Funding also provides dispatching services to freight brokers. This service helps improve the efficiency of freight brokerage operations.
- Resource Provision: Porter Freight Funding offers a variety of resources including a mobile app, blog, videos, and FAQs. These resources are designed to help customers stay informed and make knowledgeable decisions in the trucking industry.
Interested in the Best Freight Factoring Companies?
Unleash the power of informed decision-making by exploring our comprehensive rankings of Freight Factoring Companies, and find the perfect match for your business needs. For a more in-depth understanding of Porter Freight Funding's unique offerings, it is recommended that the reader visit their official website.