Look for popular rankings and useful iPhone apps! We are trusted by thousands for improving trucking businesses' freight operations, increasing cash flow, getting paid fast, and providing clients with the resources they need for success. Use AroundDeal to build prospect lists in 1 click. Grow with Porter Capital and get the working capital you need, when you need it. She goes on and beyond to make sure you are satisfied!!! Home Reviews Porter Freight Funding Review. 4 talking about this. Porter Freight Funding provides working capital solutions for companies that need to cover overhead costs. Porter Freight Funding 2112 1st Ave. N., Birmingham, AL 35203 Alabama Birmingham Year founded: 1991 No. This should demystify the process for you. By factoring invoices, companies in the oil and gas industry wont have to wait months before getting paid. Porter Capital makes it easy to get cash for your company. With financial services like accounts receivable factoring and asset-based lending, you can get the cash you need to stay afloat. Any gaps in funding can wreak havoc on a companys cash flow. Approval for a non-recourse factoring arrangement may be more difficult. However, using Porter Capital may have a few drawbacks: When a company factors their accounts receivable with recourse, they will have to pay the finance company back if the customer doesnt pay their bill. Account Manager AT Porter Billing Services. This gas card is great for large businesses that spend a lot of money on fuel. This field is for validation purposes and should be left unchanged. United States Porter Freight Funding 2112 1st Ave. N, Birmingham, Alabama 35203 2053970934 Focus Area Service Focus Business Services 100% With 100 combined years of trucking factoring experience, it's safe to say we know what we're doing. Recourse factoring companies will typically have a minimum volume requirement that you'll need to meet before you can use their services. With our fully capable account management team and the power of Winfactor, keeping the trucks hauling has never been simpler. Thunder Funding - Focused entirely on the freight industry. The Porter Team did a great job; we hustled, worked hard, and . Porter Freight Funding has plenty of financing options for industrial and service companies. Porter Capital can be a convenient and quick way to get cash for your company. Our expert dispatchers book all loads under your MC number. Triumph Business Capital. Porter Freight Funding was established in 2011 to provide consistent cash flow to small or large trucking companies. Porter Capital Corporation was founded in 1991 with the purpose of providing working capital solutions for a variety of businesses, including businesses in the transportation industry.In 2011, Porter Capital acquired an experienced transportation factoring operation and formed Porter Freight Funding, formerly Porter Billing Services. Founded in 1991, Porter Capital Corporation started providing working capital services to various industries, including the trucking industry. We are trusted by thousands for improving trucking businesses freight operations, increasing cash flow, getting paid fast, and providing clients with the resources they need for success. We also recently donated to the Red Cross . In addition, distribution companies may also factor their accounts receivable invoices or get cash through supply chain financing. Call Toll Free: 1-888-637-4330 We welcome our new team members and look forward to continued success in 2022. Our rep, Dawn, is very professional and helpful. Caters to women- and minority-owned businesses. Porter Capital Corporation was founded in 1991 with the purpose of providing working capital solutions for a variety of businesses, including businesses in the transportation industry. The Porter may also transport complex and valuable equipment that may need expert handling around the building. Porter Freight Funding was established in 2011 with the goal of providing consistent cash flow to small or large trucking companies. From the initial transfer from our previous company to date, we have had excellent customer service. In addition to factoring services, the company also offers a dispatching network with pre-approved brokers and shippers. Jul 19, 2022 - Business Development Representative in Birmingham, AL. This type of factoring typically comes at a higher fee since the finance company carries more risk. Formed in August 1999, Eclipse Worldwide are a . Porter Freight Funding provides account receivable factoring services through 24-hour pay on all freight invoices they submit, access to a large dispatching network with pre-approved brokers and shippers, and free fuel cards with fuel advances and discounts across the country for truck drivers. Our staff is our most valuable asset with a combined 100+ years of experience in freight bill factoring. Just give us some details and we will get back to you in a jiffy. parking lot was across the road. Cons. Since it was founded in 1991, Porter Freight Funding has expanded to become a leading provider of accounts receivable financing and asset-based lending solutions. Since the finance company bears less risk, it costs less to factor invoices with recourse. Sign up for a year, 6 months, or a month-to-month factoring agreement. If your bank account needs a cash infusion, Porter Freight Fundingl offers an array of short-term, working capital solutions to help your firm stay afloat. Attract quality carriers by establishing and building credit through factoring. View contacts for Porter Freight Funding to access new leads and connect with decision-makers. Inquire within for a custom quote. The company specializes in accounts receivable financing and asset-based lending - plus a fuel card! They offer a wide variety of working capital solutions, including invoice factoring, supply chain financing, and business loans. Porter Freight Funding provides account receivable factoring services through 24-hour pay on all freight invoices they submit, access to a large dispatching network with pre-approved brokers and shippers, and free fuel cards with fuel advances and discounts across the country for truck drivers. Rather than waiting 30 days or more to get paid, a company can receive cash quickly when they factor accounts receivable invoices with Porter Capital. Get the funding you need quickly and manage your trucking business with ease. She treats you like your one of the family. Avoid costly mistakes with help from industry experts. We provide a flexible, entrepreneurial approach to the working capital that our clients truly need. Applying for transportation financing through Porter Capital gives businesses the cash flow they need to run their business without the hassle of worrying about billing and collections, making sure your drivers get paid instantly. Weve been in business since 1991 and have helped thousands of customers build their trucking businesses. Learn about additional funding with Porter Freight Funding. There are no hidden fees what you see is what you get. We want to earn your business rather than locking you into a long-term contract. Please sign in. With 100 combined years of trucking factoring experience, its safe to say we know what were doing. With its Debtor In Possession (DIP) program, bankrupt companies that show a plan to get back on their feet may be eligible for working capital loans based on their assets, not credit. Equipment financing & insurance programs. In addition, with Porter, truck drivers can access free fuel cards with fuel advances, as well as discounts at . Porter Freight Funding provides funding to staffing firms through accounts receivable factoring, where companies sell their accounts receivables to get faster cash. Our business funding services in Texas can scale with your company and are structured so you don't have to take on more debt. Slow-paying customers and seasonality can stifle a companys operations. Without any spending caps, this card earns an attractive 2% cashback on every transaction. Manufacturers have other funding options such as factoring and asset-based lending. Prepaid or credit lines. Where smart businesses find their factoring company! Recourse factoring fees start at 3%. Founded in 2011, Porter Freight Funding helps trucking companies of all sizes get access to consistent cash flow. Enrich your list with 50+ firmographic fields, Turn website visitors into qualified leads, Save contact lists directly to your CRM platform, Read best practices and stay up-to-date with news, Compare us to other vendors in the sales intelligence space, Learn how to use AroundDeal effectively and get help when you need it, AroundDeal cares about your data privacy. We help trucking companies start and grow their businesses. Porter Freight serves small and mid-sized trucking companies throughout the United States by providing a flexible approach to our clients working capital needs. Your profit and loss statement may look healthy, but if you dont have enough money in your bank account, there may be a problem. Our accounts receivable financing programs are designed to free up cash flow for your trucking company by funding your unpaid invoices in 24 hours. 2. eclipseworldwide.co.uk. TAFS - Multiple factoring program options, including speed funding. 01604 759888. Receive top paying loads with our dispatching network. Oil and gas companies can take advantage of asset-based lending. No 1-800 numbers, call your representative directly. Distribution companies can receive instant funding through Porter Freight Funding by financing inventory purchases. Get the lowest insurance quotes from our trusted insurance partners. Salaries, reviews, and more - all posted by employees working at Porter Freight Funding. Porter Capital Corporation was founded in 1991 with the purpose of providing working capital solutions for a variety of businesses, including businesses in the transportation industry.In 2011, Porter Capital acquired an experienced transportation factoring operation and formed Porter Freight Funding, formerly Porter Billing Services. Porter Freight Funding is in the sectors of: Freight Delivery. A company can pick which accounts receivable invoices they want to factor. We help trucking companies start and grow their businesses. You will also enjoy one of the most competitive and flexible benefits packages offered . The buyer then pays Porter Freight Funding directly. Additionally, Porter Freight has access to insurance, compliance, and trucking equipment partners to better support our trucking industry clients! As well as its factoring work, Porter provides access to a dispatching network with pre-approved brokers and shippers and free fuel cards to truck drivers with fuel advances and discounts at chains across the United States. San Francisco Bay Area, Silicon Valley), This is the parent Organization of the sub-organization, Operating Status of Organization e.g. All rights reserved. Invoice factoring can improve a companys short-term cash flow. Total number of Crunchbase contacts associated with this organization, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. Andrea Leadsom, Conservative MP for South Northamptonshire, was discussing the Northampton Gateway Rail Freight Interchange at junction 15 of the M1. Freight Funding has your back. This type of financing can be repaid as the company sells its inventory. We improve and provide consistent cash flow for your small or large trucking company. Save money on every haul with the industrys best fuel card. We want to help more companies handle daily operations and grow while rewarding our current referral partners with a 15% commission. Who are Porter Freight Funding 's competitors? In 2011, Porter Capital acquired an experienced transportation factoring operation and formed Porter Freight Funding, formerly Porter Billing Services. About this Form Please note: After December 12, 2015, MCS-150 forms can ONLY be used to update a USDOT number, not [], portercap_admin2022-11-02T18:46:30+00:00September 30, 2022|, Tight capacity in the spot market and economic hardships have led to double brokering schemes rising rapidly. Porter Freight Funding . Plans previously stated warehouses on the site . Driven by the needs of our customers, we deliver individual freight forwarding solutions tailored to our clients requirements. Funding your trucking company by factoring invoices can provide the cash flow you need to run your business in the fast lane. During this time, Porter Capital has provided over $8 billion in funding and expanded to include a transportation division, Porter Freight Funding. Mobile App. This newly formed branch specializes in funding solutions for the trucking industry through capital freight factoring. Read our GDPR, CCPA compliance, Discover our comprehensive and accurate B2B database, Financial Services,Transportation/Trucking/Railroad. ~Debbie, Porter Freight Funding is the BEST!! A fast receipt of funds can be critical if a company needs to pay its employees or suppliers immediately and cannot wait for traditional financing. Coupled with factoring services, the company also offers a dispatching network with pre-approved brokers and shippers. Contact Freight Funding Make the smarter choice for cash flow with Freight Funding. Porter Capital | 1,359 followers on LinkedIn. Porter Freight Funding's fuel card program provides a discount of 14 per gallon at large fuel stations and up to 25 off at many smaller locations. Porter Freight Funding provides these freight factoring benefits: You have your own personal client representative to help you every step of the way. We offer the best factoring rates in the transportation business. Whichever area you join, you become part of a talented, passionate team of people, committed to providing the best care and treatment to patients. Good to know: Discounts available if you sign a six-month or one-year contract. We offer both recourse and non-recourse factoring programs. View Employees from Porter Freight Funding. Porter Freight Funding 4mo Report this post We had a great time running in the 16th Annual Zoo Run. We are the transportation division of Porter Capital, based in Birmingham, Alabama. In this article, we discuss double brokering and why carriers should be vigilant in vetting brokers. We credit check all your brokers to avoid you working with untrustworthy customers with poor pay terms. FreightWaves Ratings cuts through the noise of freight technology product reviews to make you a smarter buyer, accounts receivable financing and asset-based lending. Porter Freight Funding's Post. Asset-based lending, inventory financing, and working capital loans may be available. 2022 FactoringClub. Factoring accounts receivable provides cash to companies so that they can pay business expenses. As a direct lender and factoring company, Porter Capital has offered over $6 billion in funding since its inception. Coupled with factoring services, the company also offers a dispatching network with pre-approved brokers and shippers. employees: 51+ Associations: IFA Financial products Financial products: Equipment financing Invoice factoring Minimum factoring amount: $ 10,000 Maximum factoring amount: $ 15,000,000 Industries served Trucking Featured services 24 hour funding Porter Freight Funding is an invoice factoring company that serves small and mid-sized trucking companies throughout the United States. Porter Capital & Freight Funding teams came together for a great cause, helping our friends at @BanksAcademy move into their new location in August. Northampton, Northamptonshire, NN5 7UW. eCapital - Growing company, recent merger with Accutrac Capital. Instead, they tend to work on an as-needed basis. Same-day pay, flexible contracts, non-recourse and recourse programs. Need cashflow resources for your business? Every client works with a personal, dedicated client representative who knows your business. Billing services are provided at no additional cost to our non-recourse clients and are available to recourse clients with an additional surcharge. Invoice Factoring: Raise money against unpaid customer invoices and receive up to 95% of an invoice's value within just 24 hours of it being . Freight financing is a critical trucking and transportation funding tool. We offer flat rate pricing if you want your costs to remain the same regardless of how long your customer pays. . The company has financing solutions designed to fit the needs of all companies, both large and small. Porter Freight Funding | Birmingham AL Porter Freight Funding provides account receivable factoring services through 24-hour pay on all freight invoices they submit, access to a large dispatching network with pre-approved brokers. 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