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FreightWaves Ratings cuts through the noise of freight technology product reviews to make you a smarter buyer, accounts receivable financing and asset-based lending. Two key players that enable this complex market to succeed are freight forwarders and freight brokers. Account Manager AT Porter Billing Services. Porter Freight Funding is headquartered in Birmingham, Alabama, and has an operations office in Hartselle, AL. Caters to women- and minority-owned businesses. With 100 combined years of trucking factoring experience, it's safe to say we know what we're doing. Porter Freight Funding provides financial solutions through a variety of loan programs targeting diverse industries. Invoice factoring can improve a companys short-term cash flow. parking lot was across the road. With 100 combined years of trucking factoring experience, its safe to say we know what were doing. You may find this form of financing costlier than if you went through a bank. 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. 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 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. Sign up for a year, 6 months, or a month-to-month factoring agreement. This means that you'll have to commit to a set number of invoices. 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. She goes on and beyond to make sure you are satisfied!!! All rights reserved. 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. Porter Capital doesnt specifically list the fees that you pay with their funding solutions. 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. Porter Freight Funding. This form of financing helps companies cover payroll costs and other business expenses. Porter Freight Funding provides these freight factoring benefits: You have your own personal client representative to help you every step of the way. Time to funding: Within 24 hours and sometimes sooner. Porter Capital can be a convenient and quick way to get cash for your company. We offer both recourse and non-recourse factoring programs. Founded in 2011, Porter Freight Funding helps trucking companies of all sizes get access to consistent cash flow. The company specializes in accounts receivable financing and asset-based lending plus a fuel card! Contact Freight Funding Make the smarter choice for cash flow with Freight Funding. altLINE is the invoice factoring side of The Southern Bank Company, a community bank based in Alabama. We welcome our new team members and look forward to continued success in 2022. 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. Mobile App. . Flexible financing options through Porter Capital can offer quick cash. Through the acquisition of Resource Billing Services, Porter Freight Funding has nearly 100 years of cumulative experience in the transportation factoring sector. Port Services, and Remorquage S.O.S. 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. Active, Closed, Alternate or previous names for the organization, Porter Freight specializes in funding solutions for the transportation industry through capital freight factoring, Find More Contacts for Porter Freight Funding, $9.7MM Aerospace Parts Distributor Deal Funded - Porter Capital, Crossroads Financial, & Change Capital. Pricing: Contact Porter Freight Funding to receive a personalized quote. Great for freight factoring. No 1-800 numbers, call your representative directly. In addition to its flexible factoring services which have no long-term commitments or contracts Porter Freight Funding offers a dispatching network with pre-approved brokers and shippers. 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.. We credit check all your brokers to avoid you working with untrustworthy customers with poor pay terms. Asset-based lending, inventory financing, and working capital loans may be available. For example, companies can choose to factor invoices of a specific dollar amount or those of a slow-paying customer. We are headquartered in Birmingham, Alabama with an operations office in Hartselle. Distribution companies can receive instant funding through Porter Freight Funding by financing inventory purchases. 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. 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. BIRMINGHAM, Ala., Jan. 11, 2021 /PRNewswire/ -- Porter Capital, a leading provider of accounts receivable financing and asset-based lending soluti. Youll get access to a FREE fuel card with advances and discounts to save you money throughout the year. We have true non-recourse and recourse factoring programs to meet your trucking companys needs. Porter Freight Funding is an invoice factoring company that serves small and mid-sized trucking companies throughout the United States. This newly formed branch specializes in funding solutions for the trucking industry through capital freight factoring. This should demystify the process for you. Same-day pay, flexible contracts, non-recourse and recourse programs. Get the lowest insurance quotes from our trusted insurance partners. We improve and provide consistent cash flow for your small or large trucking company. Porter Freight Funding provides cash flow in the gap between the accepting shipment and when the invoice is paid. Inquire within for a custom quote. With our fully capable account management team and the power of Winfactor, keeping the trucks hauling has never been simpler. We offer month-to-month contracts, with the option ofsigning a discounted 6 to 12 month contract. 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. Prior to joining Porter Freight Funding, Coniglio was a Digital Marketing Specialist at Thompson Tractor Company, where she managed digital marketing strategy for 30 brands and 200 product lines. Porter Freight Funding 2112 1st Ave. N., Birmingham, AL 35203 Alabama Birmingham Year founded: 1991 No. Always a pleasure doing business with her. Good coworkers and office location. We want to help more companies handle daily operations and grow while rewarding our current referral partners with a 15% commission. With 100 combined years of trucking factoring experience, its safe to say we know what we are doing. Freight factoring company specializing in the transportation industry, serving trucking companies large and small. Approval for a non-recourse factoring arrangement may be more difficult. However, your company also runs the risk of having to repay the finance company. Porter Freight Funding was established in 2011 to provide consistent cash flow to small or large trucking companies. We offer flat rate pricing if you want your costs to remain the same regardless of how long your customer pays. Freight Funding has your back. In this article, we discuss double brokering and why carriers should be vigilant in vetting brokers. Home Reviews Porter Freight Funding Review. We have used them for 1 1/2 years and have always been completely satisfied. They offer a wide variety of working capital solutions, including invoice factoring, supply chain financing, and business loans. Porter Freight Funding's Post. We work with both small businesses and large businesses to provide consistent cash flow to run a smooth trucking operation. Porter Freight Funding - Offers dispatching network and flexible factoring services. TAFS - Multiple factoring program options, including speed funding. Factor Funding Co. Porter Freight Funding provides funding to staffing firms through accounts receivable factoring, where companies sell their accounts receivables to get faster cash. Porter Freight Funding, a transportation factoring company, needed to convert their existing web application into a native mobile app for on-the-go drivers. Please sign in. Since the finance company bears less risk, it costs less to factor invoices with recourse. You can select which invoices you want to factor. Factoring accounts receivable provides cash to companies so that they can pay business expenses. United States Porter Freight Funding 2112 1st Ave. N, Birmingham, Alabama 35203 2053970934 Focus Area Service Focus Business Services 100% The company has financing solutions designed to fit the needs of all companies, both large and small. 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. Driven by the needs of our customers, we deliver individual freight forwarding solutions tailored to our clients requirements. Founded in 1991, Porter Capital Corporation started providing working capital services to various industries, including the trucking industry. 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. You will also enjoy one of the most competitive and flexible benefits packages offered . On the other hand, non-recourse financing means that your company is not liable if the customer does not pay. Any gaps in funding can wreak havoc on a companys cash flow. Funding your trucking company by factoring invoices can provide the cash flow you need to run your business in the fast lane. Porter Freight Funding. Alternatives and possible competitors to Porter Freight Funding may include Southwest Freightlines, U.S. View contacts for Porter Freight Funding to access new leads and connect with decision-makers. Porter Capital offers working capital solutions to businesses all over the country in a variety of industries. Our rep, Dawn, is very professional and helpful. Coupled with factoring services, the company also offers a dispatching network with pre-approved brokers and shippers. According to Portal Capitals website, you can receive funding in as little as 24 hours. Bank of America Business Advantage Customized Cash Rewards Credit Card. Eclipse Worldwide, is a progressive and dynamic international freight forwarding company. Product reviews to make sure porter freight funding are satisfied!!!!!!!! 16Th Annual Zoo Run instead, they tend to work on an basis. Gap between the accepting shipment and when the invoice factoring may be porter freight funding difficult also factor their accounts to. 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