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 . 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 | Birmingham AL The buyer then pays Porter Freight Funding directly. Saguenay inc. We help trucking companies start and grow their businesses. Good coworkers and office location. Best for: No Spending Caps. 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. Established in 1991, Porter Freight Funding is a financial services firm headquartered in Birmingham, Alabama. | Porter Capital Corporation was founded in 1991 by brothers Marc and Donald Porter in Birmingham, AL. 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. Through the acquisition of Resource Billing Services, Porter Freight Funding has nearly 100 years of cumulative experience in the transportation factoring sector. We are headquartered in Birmingham, Alabama with an operations office in Hartselle. Flexible financing options through Porter Capital can offer quick cash. 4 talking about this. San Francisco Bay Area, Silicon Valley), This is the parent Organization of the sub-organization, Operating Status of Organization e.g. From the initial transfer from our previous company to date, we have had excellent customer service. Porter Capital & Freight Funding teams came together for a great cause, helping our friends at @BanksAcademy move into their new location in August. Youll get access to a FREE fuel card with advances and discounts to save you money throughout the year. Your profit and loss statement may look healthy, but if you dont have enough money in your bank account, there may be a problem. The company specializes in accounts receivable financing and asset-based lending plus a fuel card! Porter Freight Funding - Offers dispatching network and flexible factoring services. ~Debbie, Porter Freight Funding is the BEST!! 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. Prepaid or credit lines. With financial services like accounts receivable factoring and asset-based lending, you can get the cash you need to stay afloat. Our accounts receivable financing programs are designed to free up cash flow for your trucking company by funding your unpaid invoices in 24 hours. Whenever we have a question, our rep is there to give us answers quickly., We have been with Porter Billing for almost 3 years. Our non-recourse plan accepts all the credit risk if your brokers or shippers dont pay. 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.. 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. Always a pleasure doing business with her. Any gaps in funding can wreak havoc on a companys cash flow. Businesses need cash to operate, grow, and thrive. Get the lowest insurance quotes from our trusted insurance partners. Invoice factoring may be a good financing option for a small or rapidly-growing company that may not qualify for bank financing. During this time, Porter Capital has provided over $8 billion in funding and expanded to include a transportation division, Porter Freight Funding. Contact Freight Funding Make the smarter choice for cash flow with Freight Funding. Freight factoring company specializing in the transportation industry, serving trucking companies large and small. Porter Freight Funding provides working capital to manufacturers through supply chain financing. Manufacturers have other funding options such as factoring and asset-based lending. All rights reserved. Attract quality carriers by establishing and building credit through factoring. This means that you'll have to commit to a set number of invoices. Porter Freight Funding was formed in 2011 with the goal of providing consistent cash flow to small or large trucking companies. Porter Freight Funding, a transportation factoring company, needed to convert their existing web application into a native mobile app for on-the-go drivers. You will also enjoy one of the most competitive and flexible benefits packages offered . Invoice factoring can improve a companys short-term cash flow. Additionally, Porter Freight has access to insurance, compliance, and trucking equipment partners to better support our trucking industry clients! They offer a wide variety of working capital solutions, including invoice factoring, supply chain financing, and business loans. 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. 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 doesnt specifically list the fees that you pay with their funding solutions. BIRMINGHAM, Ala., Jan. 11, 2021 /PRNewswire/ -- Porter Capital, a leading provider of accounts receivable financing and asset-based lending soluti. As a direct lender and factoring company, Porter . 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 . Recommend. Porter Freight Funding was founded in 2011. In 2011, Porter Capital acquired an experienced transportation factoring operation and formed Porter Freight Funding, formerly Porter Billing Services. 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. 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 Please sign in. Our business funding services in Texas can scale with your company and are structured so you don't have to take on more debt. The company also offers benefits like free fuel cards with advances and discounts. 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. 21 talking about this. We provide a flexible, entrepreneurial approach to the working capital that our clients truly need. Once the goods are delivered, and the buyer has confirmed that they approve the bill, the manufacturing company gets paid. TAFS - Multiple factoring program options, including speed funding. Account Manager AT Porter Billing Services. 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. The company specializes in accounts receivable financing and asset-based lending - plus a fuel card! Be the first to find this review helpful. As a direct lender and factoring company, Porter Capital has offered over $6 billion in funding since its inception. Non-recourse factoring companies have no volume commitments. 01604 759888. We want to earn your business rather than locking you into a long-term contract. We offer factoring and finance solutions with rates as low as just 0.75%. . In addition, distribution companies may also factor their accounts receivable invoices or get cash through supply chain financing. We offer flexible contract options for our clients. Without any spending caps, this card earns an attractive 2% cashback on every transaction. United States Porter Freight Funding 2112 1st Ave. N, Birmingham, Alabama 35203 2053970934 Focus Area Service Focus Business Services 100% She treats you like your one of the family. You may find this form of financing costlier than if you went through a bank. 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. Same-day pay, flexible contracts, non-recourse and recourse programs. What is double brokering? 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. Porter Freight Funding provides working capital solutions for companies that need to cover overhead costs. All rights reserved. We credit check all your brokers to avoid you working with untrustworthy customers with poor pay terms. Personal Guarantees Thunder Funding - Focused entirely on the freight industry. Factoring accounts receivable provides cash to companies so that they can pay business expenses. Get the funding you need quickly and manage your trucking business with ease. 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 was established in 2011 with the goal of providing consistent cash flow to small or large trucking companies. This field is for validation purposes and should be left unchanged. Pricing: Contact Porter Freight Funding to receive a personalized quote. Out of all the freight factoring companies in the United States, you deserve to work with the best for your trucking business! Porters most valuable asset is its staff that has 100+ combined years of freight factoring experience. According to Portal Capitals website, you can receive funding in as little as 24 hours. 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. In addition to its flexible factoring services, which have no long-term commitments or contracts. Freight financing is a critical trucking and transportation funding tool. Our rep, Dawn, is very professional and helpful. Porter Freight Funding 2112 1st Ave. N., Birmingham, AL 35203 Alabama Birmingham Year founded: 1991 No. Since the finance company bears less risk, it costs less to factor invoices with recourse. Funding your trucking company by factoring invoices can provide the cash flow you need to run your business in the fast lane. Cons. Use AroundDeal to build prospect lists in 1 click. We improve and provide consistent cash flow for your small or large trucking company. Porter Freight Funding is headquartered in Birmingham, Alabama, and has an operations office in Hartselle, AL. We offer flat rate pricing if you want your costs to remain the same regardless of how long your customer pays. Need cashflow resources for your business? 2. altLINE is the invoice factoring side of The Southern Bank Company, a community bank based in Alabama. Porter Freight Funding . Search or verify contact lists in minutes with bulk tasks. We are the transportation division of Porter Capital, based in Birmingham, Alabama. Porter Freight Funding is located in Birmingham, Alabama, United States. Porter Freight Funding provides cash flow in the gap between the accepting shipment and when the invoice is paid. Two key players that enable this complex market to succeed are freight forwarders and freight brokers. 2022 FactoringClub. In this article, we discuss double brokering and why carriers should be vigilant in vetting brokers. Fuel advances are available for 45% of the load. On the other hand, non-recourse financing means that your company is not liable if the customer does not pay. 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. 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. Northampton, Northamptonshire, NN5 7UW. Porter Freight serves small and mid-sized trucking companies throughout the United States by providing a flexible approach to our clients working capital needs. See what employees say it's like to work at Porter Freight Funding. We offer the best factoring rates in the transportation business. 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. Read our GDPR, CCPA compliance, Discover our comprehensive and accurate B2B database, Financial Services,Transportation/Trucking/Railroad. Porter Capital can be a convenient and quick way to get cash for your company. Equipment financing & insurance programs. Every client works with a personal, dedicated client representative who knows your business. Asset-based lending, inventory financing, and working capital loans may be available. Our expert dispatchers book all loads under your MC number. Plans previously stated warehouses on the site . By factoring invoices, companies in the oil and gas industry wont have to wait months before getting paid. eclipseworldwide.co.uk. Oil and gas companies can take advantage of asset-based lending. You can select which invoices you want to factor. 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. Avoid costly mistakes with help from industry experts. Thank you..We really appreciate all you have done for us.I would Highly recommend Porter Billing for all your factoring services!! Freight factoring company specializing in the transportation industry, serving trucking companies large and small. Freight Funding has your back. Sign up for a year, 6 months, or a month-to-month factoring agreement. For example, companies can choose to factor invoices of a specific dollar amount or those of a slow-paying customer. Porter Freight Funding. 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. 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 Capital offers working capital solutions to businesses all over the country in a variety of industries. Copyright 2022 Arounddeal Holdings Limited. Eclipse Worldwide, is a progressive and dynamic international freight forwarding company. Receive top paying loads with our dispatching network. 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. The Porter Team did a great job; we hustled, worked hard, and . 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. Formed in August 1999, Eclipse Worldwide are a . Recourse factoring companies will typically have a minimum volume requirement that you'll need to meet before you can use their services. Bank of America Business Advantage Customized Cash Rewards Credit Card. Porter Capital | 1,359 followers on LinkedIn. With inventory and supply chain financing, working capital loans, and asset-based lending, a company can tap into much-needed cash to pay bills. Look for popular rankings and useful iPhone apps! These strategic new hires will bring both valuable insights and industry experience to their roles," said Marc Porter, CEO of Porter Capital. Porter Capital provides solutions to companies that may be unable to obtain traditional bank financing. 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. Without consistent and fast funding, covering continuing obligations like wages or rent can be challenging. Sign In. In addition, with Porter, truck drivers can access free fuel cards with fuel advances, as well as discounts at . 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. We serve small, medium and large-sized trucking companies throughout the United States. In addition to factoring services, the company also offers a dispatching network with pre-approved brokers and shippers. Salaries, reviews, and more - all posted by employees working at Porter Freight Funding. Andrea Leadsom, Conservative MP for South Northamptonshire, was discussing the Northampton Gateway Rail Freight Interchange at junction 15 of the M1. Coupled with factoring services, the company also offers a dispatching network with pre-approved brokers and shippers. Our staff is our most valuable asset with a combined 100+ years of experience in freight bill factoring. This site requires ArcGIS credentials. Slow-paying customers and seasonality can stifle a companys operations. Submitting Paperwork: Submit load paperwork for funding on the go. Pricing for Porter Capital working capital solutions varies. Caters to women- and minority-owned businesses. Porter Freight Funding 4mo Report this post We had a great time running in the 16th Annual Zoo Run. 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