We improve and provide consistent cash flow for your small or large trucking company. With most of their users in transit, Porter needed to be competitive and use a mobile app to increase the number of loads clients could process. 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 . Slow-paying customers and seasonality can stifle a companys operations. Double brokering occurs [], We work with both small businesses and large businesses to provide consistent cash flow to run a smooth trucking operation, Differences Between Non-Recourse and Recourse Factoring. Their diesel credit line also offers up to $2,000 per truck. At Porter Capital, we help small and medium-sized businesses across North America thrive by providing reliable funding to reduce the impact of long invoice repayment periods. With our fully capable account management team and the power of Winfactor, keeping the trucks hauling has never been simpler. With 100 combined years of trucking factoring experience, its safe to say we know what we are doing. Good to know: Discounts available if you sign a six-month or one-year contract. Provident Commercial Finance - Account receivable factoring services. Without any spending caps, this card earns an attractive 2% cashback on every transaction. Porter Freight Funding provides working capital solutions for companies that need to cover overhead costs. Porter Freight Funding. 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 Coupled with factoring services, the company also offers a dispatching network with pre-approved brokers and shippers. Fuel advances are available for 45% of the load. This form of funding requires the manufacturing company and the buyer to work together through a supply chain financing company, such as Porter Freight Funding. In 2021 our total invoice volume funded was $983 million. Salaries, reviews, and more - all posted by employees working at Porter Freight Funding. 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. Our rep, Dawn, is very professional and helpful. Same-day pay, flexible contracts, non-recourse and recourse programs. Porter Capital doesnt specifically list the fees that you pay with their funding solutions. Bank of America Business Advantage Customized Cash Rewards Credit Card. Our accounts receivable financing programs are designed to free up cash flow for your trucking company by funding your unpaid invoices in 24 hours. Whichever area you join, you become part of a talented, passionate team of people, committed to providing the best care and treatment to patients. With inventory and supply chain financing, working capital loans, and asset-based lending, a company can tap into much-needed cash to pay bills. We want to help more companies handle daily operations and grow while rewarding our current referral partners with a 15% commission. Inquire within for a custom quote. Porter Freight Funding. Look for popular rankings and useful iPhone apps! In addition to its flexible factoring services, which have no long-term commitments or contracts. 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. They offer a wide variety of working capital solutions, including invoice factoring, supply chain financing, and business loans. If a lack of cash is damaging your business, find out how Porter Freight Funding can help you. ~Debbie, Porter Freight Funding is the BEST!! 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 Capital & Freight Funding teams came together for a great cause, helping our friends at @BanksAcademy move into their new location in August. Porter Freight Funding provides financial solutions through a variety of loan programs targeting diverse industries. Additionally, Porter Freight has access to insurance, compliance, and trucking equipment partners to better support our trucking industry clients! We have used them for 1 1/2 years and have always been completely satisfied. Non-recourse factoring companies have no volume commitments. Our clients get access to our expert dispatchers to find them the best paying loads, a pre-approved list of brokers to work with, and a database of 250+ broker options. Saguenay inc. Save money on every haul with the industrys best fuel card. This form of asset-based lending advances funds based on asset value, which can then be used to pay for business expenses or inventory replenishment. Business Outlook. Porter Freight Funding serves small to mid-sized trucking companies throughout the United States by providing a flexible, entrepreneurial approach to the working capital needs of our clients.. This type of financing can be repaid as the company sells its inventory. Porter Freight Funding was formed in 2011 with the goal of providing consistent cash flow to small or large trucking companies. During this time, Porter Capital has provided over $8 billion in funding and expanded to include a transportation division, Porter Freight Funding. Our business funding services in Texas can scale with your company and are structured so you don't have to take on more debt. Porter Freight Funding | Birmingham AL The buyer then pays Porter Freight Funding directly. The company specializes in accounts receivable financing and asset-based lending plus a fuel card! We provide a flexible, entrepreneurial approach to the working capital that our clients truly need. 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. Invoice factoring may be a good financing option for a small or rapidly-growing company that may not qualify for bank financing. See what employees say it's like to work at Porter Freight Funding. Thank you..We really appreciate all you have done for us.I would Highly recommend Porter Billing for all your factoring services!! We also have strategic partnerships with dispatching services, equipment providers, insurance providers and compliance services. Porter Freight Funding is headquartered in Birmingham, Alabama, and has an operations office in Hartselle, AL. Recommend. Cons. Personal Guarantees Avoid costly mistakes with help from industry experts. 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. Our staff is our most valuable asset with a combined 100+ years of experience in freight bill factoring. Weve been in business since 1991 and have helped thousands of customers build their trucking businesses. According to Portal Capitals website, you can receive funding in as little as 24 hours. Equipment financing & insurance programs. Every client works with a personal, dedicated client representative who knows your business. Attract quality carriers by establishing and building credit through factoring. Your profit and loss statement may look healthy, but if you dont have enough money in your bank account, there may be a problem. parking lot was across the road. 2. Prepaid or credit lines. These financing options also help stabilize cash flow peaks and valleys caused by slow-paying customers or seasonal industries. Freight factoring company specializing in the transportation industry, serving trucking companies large and small. Porter Capital | 1,359 followers on LinkedIn. Established in 1991, Porter Freight Funding is a financial services firm headquartered in Birmingham, Alabama. Driven by the needs of our customers, we deliver individual freight forwarding solutions tailored to our clients requirements. Northampton, Northamptonshire, NN5 7UW. Great for freight factoring. 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 Capital Corporation offers working capital solutions to companies across the country in a variety of industries and has been in business for over 30 years. 2022 FactoringClub. Submitting Paperwork: Submit load paperwork for funding on the go. Porter Freight Funding has plenty of financing options for industrial and service companies. Sign up for a year, 6 months, or a month-to-month factoring agreement. Porter Capital can be a convenient and quick way to get cash for your company. We are the transportation division of Porter Capital, based in Birmingham, Alabama. 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. Porter Freight Funding provides these freight factoring benefits: You have your own personal client representative to help you every step of the way. 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. Porter Freight Funding . Through the acquisition of Resource Billing Services, Porter Freight Funding has nearly 100 years of cumulative experience in the transportation factoring sector. Use AroundDeal to build prospect lists in 1 click. Pricing: Contact Porter Freight Funding to receive a personalized quote. We offer factoring and finance solutions with rates as low as just 0.75%. We are please with the excellent relationship that we have with our Porter team. ~Jennifer Powell, portercap_admin2022-06-20T16:23:07+00:00May 13, 2022|, If youve been driving a truck for years or are only a few months in, you know that consistent cash flow is critical in the success of your trucking company. 5 talking about this. They help trucking companies of all sizes get access to consistent cash flow. 21 talking about this. In this article, we discuss double brokering and why carriers should be vigilant in vetting brokers. Being on the road is tough as it is, [], portercap_admin2022-10-17T20:19:52+00:00October 17, 2022|, In 2021, businesses transported more than $1.33 trillion in freight through various transportation methods, such as trucks and trains. eCapital - Growing company, recent merger with Accutrac Capital. We credit check all your brokers to avoid you working with untrustworthy customers with poor pay terms. Instead, they tend to work on an as-needed basis. The company specializes in accounts receivable financing and asset-based lending - plus a fuel card! Freight factoring company specializing in the transportation industry, serving trucking companies large and small. United States Porter Freight Funding 2112 1st Ave. N, Birmingham, Alabama 35203 2053970934 Focus Area Service Focus Business Services 100% Porter Freight Funding provides cash flow in the gap between the accepting shipment and when the invoice is paid. Need cashflow resources for your business? In addition, with Porter, truck drivers can access free fuel cards with fuel advances, as well as discounts at . We work with both small businesses and large businesses to provide consistent cash flow to run a smooth trucking operation. We serve small, medium and large-sized trucking companies throughout the United States. 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 4mo Report this post We had a great time running in the 16th Annual Zoo Run. Flexible financing options through Porter Capital can offer quick cash. By factoring invoices, companies in the oil and gas industry wont have to wait months before getting paid. Port Services, and Remorquage S.O.S. There are no hidden fees what you see is what you get. Recourse factoring fees start at 3%. A company will send a bill for the cost of transporting a shipment, but then the company will find that it takes weeks, even months, to get paid. With 100 combined years of trucking factoring experience, it's safe to say we know what we're doing. While many consider the terms [], portercap_admin2022-10-13T18:02:07+00:00October 13, 2022|, In trucking you need to update your MCS-150 every 2 years. 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 by brothers Marc and Donald Porter in Birmingham, AL. We welcome our new team members and look forward to continued success in 2022. Founded in 2011, Porter Freight Funding helps trucking companies of all sizes get access to consistent cash flow. Sign In. Any gaps in funding can wreak havoc on a companys cash flow. Learn about additional funding with Porter Freight Funding. We have true non-recourse and recourse factoring programs to meet your trucking companys needs. Home Reviews Porter Freight Funding Review. 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. Freight factoring company specializing in the transportation industry, serving trucking companies large and small. You can select which invoices you want to factor. Porter Freight serves small and mid-sized trucking companies throughout the United States by providing a flexible approach to our clients working capital needs. Eclipse Worldwide, is a progressive and dynamic international freight forwarding company. Offer Quick Pay programs to your carriers. The Porter Team did a great job; we hustled, worked hard, and . What is double brokering? Porter Freight's staff is the most valuable asset around, with over 100 years of combined experience in freight bill factoring operations and the transportation industry. 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. In addition to factoring services, the company also offers a dispatching network with pre-approved brokers and shippers. Porter Freight Funding is located in Birmingham, Alabama, United States. They offer a wide variety of working capital solutions, including invoice factoring, supply chain financing, and business loans. Just give us some details and we will get back to you in a jiffy. Founded in 1991, Porter Capital Corporation started providing working capital services to various industries, including the trucking industry. As a direct lender and factoring company, Porter . San Francisco Bay Area, Silicon Valley), This is the parent Organization of the sub-organization, Operating Status of Organization e.g. Coupled with factoring services, the company also offers a dispatching network with pre-approved brokers and shippers. Freight financing is a critical trucking and transportation funding tool. In 2011, Porter Capital acquired an experienced transportation factoring company and formed Porter Billing Services, LLC, now named Porter Freight Funding, which specializes in funding solutions for the trucking industry through freight factoring by providing 24-hour pay of freight invoices. Grow with Porter Capital and get the working capital you need, when you need it. Billing services are provided at no additional cost to our non-recourse clients and are available to recourse clients with an additional surcharge. Our expert dispatchers book all loads under your MC number. Porter Freight Funding. Porter FreightThe Porter Freight Mobile App allows owner operators to manage their business and submit loads for funding You can find all the iPhone iPad apps here. From the initial transfer from our previous company to date, we have had excellent customer service. Submitting Paperwork: Submit load paperwork for funding on the go The company has financing solutions designed to fit the needs of all companies, both large and small. A company can pick which accounts receivable invoices they want to factor. 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. Oil and gas companies can take advantage of asset-based lending. You will also enjoy one of the most competitive and flexible benefits packages offered . Porter Freight Funding is an invoice factoring company that serves small and mid-sized trucking companies throughout the United States. This type of factoring typically comes at a higher fee since the finance company carries more risk. eclipseworldwide.co.uk. Porter Freight Funding was founded in 2011. Thunder Funding - Focused entirely on the freight industry. The Porter may also transport complex and valuable equipment that may need expert handling around the building. We offer flat rate pricing if you want your costs to remain the same regardless of how long your customer pays.
Order's Partner Crossword Clue, Angularjs Controller Template, Resume Summary For Electrician, Cd Hermanos Vs Portuguesa Forebet, What Is Future Cruise Credit Royal Caribbean, How To Reduce Liquid When Cooking, Posy Crossword Clue 7 Letters, Dot Annual Inspection Near Hamburg,