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. We have used them for 1 1/2 years and have always been completely satisfied. Whenever we have a question, our rep is there to give us answers quickly., We have been with Porter Billing for almost 3 years. We have true non-recourse and recourse factoring programs to meet your trucking companys needs. Out of all the freight factoring companies in the United States, you deserve to work with the best for your trucking business! 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. Fuel advances are available for 45% of the load. Alternatives and possible competitors to Porter Freight Funding may include Southwest Freightlines, U.S. With inventory and supply chain financing, working capital loans, and asset-based lending, a company can tap into much-needed cash to pay bills. Porter Freight Funding was established in 2011 with the goal of providing consistent cash flow to small or large trucking companies. You will also enjoy one of the most competitive and flexible benefits packages offered . Account Manager AT Porter Billing Services. Please sign in. This type of factoring typically comes at a higher fee since the finance company carries more risk. 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. Once the goods are delivered, and the buyer has confirmed that they approve the bill, the manufacturing company gets paid. In 2021 our total invoice volume funded was $983 million. 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 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.. 2022 FactoringClub. Saguenay inc. Look for popular rankings and useful iPhone apps! Porter Capital | 1,359 followers on LinkedIn. 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. Porter Freight Funding. 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. Flexible financing options through Porter Capital can offer quick cash. Personal Guarantees Porter Freight Funding is headquartered in Birmingham, Alabama, and has an operations office in Hartselle, AL. San Francisco Bay Area, Silicon Valley), This is the parent Organization of the sub-organization, Operating Status of Organization e.g. View contacts for Porter Freight Funding to access new leads and connect with decision-makers. Need cashflow resources for your business? 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. Every client works with a personal, dedicated client representative who knows your business. Through the acquisition of Resource Billing Services, Porter Freight Funding has nearly 100 years of cumulative experience in the transportation factoring sector. 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. BIRMINGHAM, Ala., Jan. 11, 2021 /PRNewswire/ -- Porter Capital, a leading provider of accounts receivable financing and asset-based lending soluti. Cons. Using assets like inventory, and equipment as collateral, the company can take out a loan or obtain a credit line. In addition to factoring services, the company also offers a dispatching network with pre-approved brokers and shippers. 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. Formed in August 1999, Eclipse Worldwide are a . Recourse factoring fees start at 3%. The Porter may also transport complex and valuable equipment that may need expert handling around the building. Porter Capital can be a convenient and quick way to get cash for your company. eclipseworldwide.co.uk. Invoice factoring can improve a companys short-term cash flow. These financing options also help stabilize cash flow peaks and valleys caused by slow-paying customers or seasonal industries. Asset-based lending, inventory financing, and working capital loans may be available. Where smart businesses find their factoring company! We also recently donated to the Red Cross . 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. With financial services like accounts receivable factoring and asset-based lending, you can get the cash you need to stay afloat. Save money on every haul with the industrys best fuel card. 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 . . Porter Capital provides solutions to companies that may be unable to obtain traditional bank financing. Factoring accounts receivable provides cash to companies so that they can pay business expenses. The company has financing solutions designed to fit the needs of all companies, both large and small. Porter Freight Funding was formed in 2011 with the goal of providing consistent cash flow to small or large trucking companies. Coupled with factoring services, the company also offers a dispatching network with pre-approved brokers and shippers. From the initial transfer from our previous company to date, we have had excellent customer service. Founded in 1991, Porter Capital Corporation started providing working capital services to various industries, including the trucking industry. 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. 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. During this time, Porter Capital has provided over $8 billion in funding and expanded to include a transportation division, Porter Freight Funding. 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. With 100 combined years of trucking factoring experience, it's safe to say we know what we're doing. Attract quality carriers by establishing and building credit through factoring. Learn about additional funding with Porter Freight Funding. 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. 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. Porter Freight Funding . In this article, we discuss double brokering and why carriers should be vigilant in vetting brokers. Same-day pay, flexible contracts, non-recourse and recourse programs. With 100 combined years of trucking factoring experience, its safe to say we know what we are doing. 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. Additionally, Porter Freight has access to insurance, compliance, and trucking equipment partners to better support our trucking industry clients! CEO Approval. Porter Freight Funding provides funding to staffing firms through accounts receivable factoring, where companies sell their accounts receivables to get faster cash. We serve small, medium and large-sized trucking companies throughout the United States. We provide a flexible, entrepreneurial approach to the working capital that our clients truly need. All rights reserved. 5 talking about this. Freight Funding has your back. Plans previously stated warehouses on the site . United States Porter Freight Funding 2112 1st Ave. N, Birmingham, Alabama 35203 2053970934 Focus Area Service Focus Business Services 100% 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. Inquire within for a custom quote. Porter Freight Funding 2112 1st Ave. N., Birmingham, AL 35203 Alabama Birmingham Year founded: 1991 No. The company specializes in accounts receivable financing and asset-based lending plus a fuel card! Time to funding: Within 24 hours and sometimes sooner. These strategic new hires will bring both valuable insights and industry experience to their roles," said Marc Porter, CEO of Porter Capital. Porter Freight Funding was founded in 2011. Weve been in business since 1991 and have helped thousands of customers build their trucking businesses. What is double brokering? Youll get access to a FREE fuel card with advances and discounts to save you money throughout the year. 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. Porter Freight Funding 4mo Report this post We had a great time running in the 16th Annual Zoo Run. Thank you..We really appreciate all you have done for us.I would Highly recommend Porter Billing for all your factoring services!! For example, companies can choose to factor invoices of a specific dollar amount or those of a slow-paying customer. Be the first to find this review helpful. 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 Capital offers working capital solutions to businesses all over the country in a variety of industries. If a lack of cash is damaging your business, find out how Porter Freight Funding can help you. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. We credit check all your brokers to avoid you working with untrustworthy customers with poor pay terms. Founded in 2011, Porter Freight Funding helps trucking companies of all sizes get access to consistent cash flow. The company also offers benefits like free fuel cards with advances and discounts. Any gaps in funding can wreak havoc on a companys cash flow. 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. Porter Freight Funding provides accounts receivable factoring and asset-based lending to oil and gas companies. We offer flexible contract options for our clients. Porter Freight Funding provides working capital solutions for companies that need to cover overhead costs. parking lot was across the road. Who are Porter Freight Funding 's competitors? Their diesel credit line also offers up to $2,000 per truck. Porter Freight Funding provides working capital to manufacturers through supply chain financing. A company can pick which accounts receivable invoices they want to factor. See what employees say it's like to work at Porter Freight Funding. Billing services are provided at no additional cost to our non-recourse clients and are available to recourse clients with an additional surcharge. TAFS - Multiple factoring program options, including speed funding. Prepaid or credit lines. 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. Staffing companies need funds to cover payroll and contractor checks. Porter Freight Funding is perfect for owner-operators and mid-sized trucking companies thanks to its wide array of flat rate pricing, contract lengths and payment terms. Business Outlook. Submitting Paperwork: Submit load paperwork for funding on the go She goes on and beyond to make sure you are satisfied!!! You can select which invoices you want to factor. Submitting Paperwork: Submit load paperwork for funding on the go. Eclipse Worldwide, is a progressive and dynamic international freight forwarding company. We offer factoring and finance solutions with rates as low as just 0.75%. View Employees from Porter Freight Funding. 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. Porter Freight Funding, a transportation factoring company, needed to convert their existing web application into a native mobile app for on-the-go drivers. We work with both small businesses and large businesses to provide consistent cash flow to run a smooth trucking operation. Since the finance company bears less risk, it costs less to factor invoices with recourse. Map application containing an extensive collection of GIS data for Porter County . We help trucking companies start and grow their businesses. Porter Capital makes it easy to get cash for your company. 01604 759888. By factoring invoices, companies in the oil and gas industry wont have to wait months before getting paid. We offer the best factoring rates in the transportation business. ~Debbie, Porter Freight Funding is the BEST!! Read our GDPR, CCPA compliance, Discover our comprehensive and accurate B2B database, Financial Services,Transportation/Trucking/Railroad. Recommend. 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. Thunder Funding - Focused entirely on the freight industry. Porter Capital doesnt specifically list the fees that you pay with their funding solutions. Factor Funding Co. Established in 1991, Porter Freight Funding is a financial services firm headquartered in Birmingham, Alabama. Our accounts receivable financing programs are designed to free up cash flow for your trucking company by funding your unpaid invoices in 24 hours. Freight financing is a critical trucking and transportation funding tool. We help trucking companies start and grow their businesses. Pricing for Porter Capital working capital solutions varies. Instead, they tend to work on an as-needed basis. 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. With our fully capable account management team and the power of Winfactor, keeping the trucks hauling has never been simpler. Coupled with factoring services, the company also offers a dispatching network with pre-approved brokers and shippers. There are no hidden fees what you see is what you get. 4 talking about this. Approval for a non-recourse factoring arrangement may be more difficult. Always a pleasure doing business with her. We also have strategic partnerships with dispatching services, equipment providers, insurance providers and compliance services. Non-recourse factoring companies have no volume commitments. Porters most valuable asset is its staff that has 100+ combined years of freight factoring experience. Without any spending caps, this card earns an attractive 2% cashback on every transaction. Copyright 2022 Arounddeal Holdings Limited. Porter Freight Funding is located in Birmingham, Alabama, United States. We improve and provide consistent cash flow for your small or large trucking company. This site requires ArcGIS credentials. Porter Freight serves small and mid-sized trucking companies throughout the United States by providing a flexible approach to our clients working capital needs. 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. 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. Porter Freight Funding is an invoice factoring company that serves small and mid-sized trucking companies throughout the United States. We help trucking companies start and grow their businesses. Search or verify contact lists in minutes with bulk tasks. Porter Freight Funding provides these freight factoring benefits: You have your own personal client representative to help you every step of the way. 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. Invoice factoring may be a good financing option for a small or rapidly-growing company that may not qualify for bank financing. Businesses need cash to operate, grow, and thrive. Great for freight factoring. Grow with Porter Capital and get the working capital you need, when you need it. We offer flat rate pricing if you want your costs to remain the same regardless of how long your customer pays. Absolutely all the good news and all the positive reviews about Mrs Sophia James fx an expert, skilled, and trustworthy Forex/Binary broker is 100% factual and true as I invested part of my hard-earned salary of $1,000 where Mrs Sophia James fx Traded on my account . She treats you like your one of the family. 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 Capital & Freight Funding teams came together for a great cause, helping our friends at @BanksAcademy move into their new location in August. 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. Freight factoring company specializing in the transportation industry, serving trucking companies large and small. Jul 19, 2022 - Business Development Representative in Birmingham, AL. 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. Our expert dispatchers book all loads under your MC number. 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. Freight factoring company specializing in the transportation industry, serving trucking companies large and small. Pros. As a direct lender and factoring company, Porter Capital has offered over $6 billion in funding since its inception. Avoid costly mistakes with help from industry experts. 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 . Mobile App. They help trucking companies of all sizes get access to consistent cash flow. Driven by the needs of our customers, we deliver individual freight forwarding solutions tailored to our clients requirements. Show more Porter Freight Funding headquarters is in Birmingham, AL. Receive top paying loads with our dispatching network. | Porter Capital Corporation was founded in 1991 by brothers Marc and Donald Porter in Birmingham, AL. Get the funding you need quickly and manage your trucking business with ease. We welcome our new team members and look forward to continued success in 2022. altLINE is the invoice factoring side of The Southern Bank Company, a community bank based in Alabama. As a direct lender and factoring company, Porter . Porter Freight Funding's Post. According to Portal Capitals website, you can receive funding in as little as 24 hours. Established in 1991, Porter Freight Funding is a financial services firm headquartered in Birmingham, Alabama. Northampton, Northamptonshire, NN5 7UW. In 2011, Porter Capital acquired an experienced transportation factoring operation and formed Porter Freight Funding, formerly Porter Billing Services. 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. 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. This gas card is great for large businesses that spend a lot of money on fuel. Offer Quick Pay programs to your carriers. See what our clients say about factoring with us, Meagan Graessle is one of the BEST customer service reps. She is so very helpful and always friendly. This newly formed branch specializes in funding solutions for the trucking industry through capital freight factoring. With 100 combined years of trucking factoring experience, its safe to say we know what were doing. Recourse factoring companies will typically have a minimum volume requirement that you'll need to meet before you can use their services. In addition, with Porter, truck drivers can access free fuel cards with fuel advances, as well as discounts at . On the other hand, non-recourse financing means that your company is not liable if the customer does not pay. You may find this form of financing costlier than if you went through a bank. Manufacturers have other funding options such as factoring and asset-based lending. Contact Freight Funding Make the smarter choice for cash flow with Freight Funding. 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. 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. 2. Our staff is our most valuable asset with a combined 100+ years of experience in freight bill factoring. 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. FreightWaves Ratings cuts through the noise of freight technology product reviews to make you a smarter buyer, accounts receivable financing and asset-based lending. Port Services, and Remorquage S.O.S. We are headquartered in Birmingham, Alabama with an operations office in Hartselle. This field is for validation purposes and should be left unchanged. This form of financing helps companies cover payroll costs and other business expenses. Porter Freight Funding | Birmingham AL 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. eCapital - Growing company, recent merger with Accutrac Capital. Porter Freight Funding was established in 2011 to provide consistent cash flow to small or large trucking companies. The buyer then pays Porter Freight Funding directly. Provident Commercial Finance - Account receivable factoring services. 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. Equipment financing & insurance programs. 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. Just give us some details and we will get back to you in a jiffy. Porter Freight Funding. Without consistent and fast funding, covering continuing obligations like wages or rent can be challenging. This should demystify the process for you. Porter Freight Funding. Your profit and loss statement may look healthy, but if you dont have enough money in your bank account, there may be a problem. Caters to women- and minority-owned businesses. However, your company also runs the risk of having to repay the finance company. In addition, distribution companies may also factor their accounts receivable invoices or get cash through supply chain financing. Our non-recourse plan accepts all the credit risk if your brokers or shippers dont pay. Bank of America Business Advantage Customized Cash Rewards Credit Card. Oil and gas companies can take advantage of asset-based lending. Salaries, reviews, and more - all posted by employees working at Porter Freight Funding. The company specializes in accounts receivable financing and asset-based lending - plus a fuel card! Two key players that enable this complex market to succeed are freight forwarders and freight brokers. No 1-800 numbers, call your representative directly. Triumph Business Capital. Freight factoring company specializing in the transportation industry, serving trucking companies large and small. Porter Freight Funding has plenty of financing options for industrial and service companies. Porter Freight Funding - Offers dispatching network and flexible factoring services. We offer month-to-month contracts, with the option ofsigning a discounted 6 to 12 month contract. Home Reviews Porter Freight Funding Review. Good coworkers and office location. Porter Freight Funding provides financial solutions through a variety of loan programs targeting diverse industries. We want to help more companies handle daily operations and grow while rewarding our current referral partners with a 15% commission. Sign In. Good to know: Discounts available if you sign a six-month or one-year contract. Slow-paying customers and seasonality can stifle a companys operations. Use AroundDeal to build prospect lists in 1 click. Whichever area you join, you become part of a talented, passionate team of people, committed to providing the best care and treatment to patients. Andrea Leadsom, Conservative MP for South Northamptonshire, was discussing the Northampton Gateway Rail Freight Interchange at junction 15 of the M1. Get the lowest insurance quotes from our trusted insurance partners. We offer both recourse and non-recourse factoring programs. 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. Porter Freight Funding is in the sectors of: Freight Delivery. All rights reserved. Best for: No Spending Caps. The Porter Team did a great job; we hustled, worked hard, and . In addition to its flexible factoring services, which have no long-term commitments or contracts. Call Toll Free: 1-888-637-4330 We want to earn your business rather than locking you into a long-term contract. They offer a wide variety of working capital solutions, including invoice factoring, supply chain financing, and business loans. Distribution companies can receive instant funding through Porter Freight Funding by financing inventory purchases. This type of financing can be repaid as the company sells its inventory. Pricing: Contact Porter Freight Funding to receive a personalized quote. 21 talking about this. Our rep, Dawn, is very professional and helpful. 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. 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. Our business funding services in Texas can scale with your company and are structured so you don't have to take on more debt. We are the transportation division of Porter Capital, based in Birmingham, Alabama. Porter Freight Funding provides cash flow in the gap between the accepting shipment and when the invoice is paid.
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