Pricing: Contact Porter Freight Funding to receive a personalized quote. 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. 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 . Additionally, Porter Freight has access to insurance, compliance, and trucking equipment partners to better support our trucking industry clients! 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. 2. We are headquartered in Birmingham, Alabama with an operations office in Hartselle. Attract quality carriers by establishing and building credit through factoring. Recourse factoring fees start at 3%. altLINE is the invoice factoring side of The Southern Bank Company, a community bank based in Alabama. Same-day pay, flexible contracts, non-recourse and recourse programs. As a direct lender and factoring company, Porter Capital has offered over $6 billion in funding since its inception. 5 talking about this. Porter Freight Funding. Factoring accounts receivable provides cash to companies so that they can pay business expenses. According to Portal Capitals website, you can receive funding in as little as 24 hours. 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. They help trucking companies of all sizes get access to consistent cash flow. Porter Freight Funding | Birmingham AL Call Toll Free: 1-888-637-4330 View Employees from Porter Freight Funding. 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. Funding your trucking company by factoring invoices can provide the cash flow you need to run your business in the fast lane. View contacts for Porter Freight Funding to access new leads and connect with decision-makers. 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. 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. During this time, Porter Capital has provided over $8 billion in funding and expanded to include a transportation division, Porter Freight Funding. Freight financing is a critical trucking and transportation funding tool. 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. We help trucking companies start and grow their businesses. 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. Manufacturers have other funding options such as factoring and asset-based lending. Coupled with factoring services, the company also offers a dispatching network with pre-approved brokers and shippers. In addition, with Porter, truck drivers can access free fuel cards with fuel advances, as well as discounts at . 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. We serve small, medium and large-sized trucking companies throughout the United States. Two key players that enable this complex market to succeed are freight forwarders and freight brokers. 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. Saguenay inc. Offer Quick Pay programs to your carriers. Search or verify contact lists in minutes with bulk tasks. We have used them for 1 1/2 years and have always been completely satisfied. Recommend. 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. Salaries, reviews, and more - all posted by employees working at Porter Freight Funding. 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. Porter Freight Funding provides cash flow in the gap between the accepting shipment and when the invoice is paid. Account Manager AT Porter Billing Services. We are the transportation division of Porter Capital, based in Birmingham, Alabama. With financial services like accounts receivable factoring and asset-based lending, you can get the cash you need to stay afloat. This type of financing can be repaid as the company sells its inventory. 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. We offer flat rate pricing if you want your costs to remain the same regardless of how long your customer pays. Factor Funding Co. Eclipse Worldwide, is a progressive and dynamic international freight forwarding company. The company specializes in accounts receivable financing and asset-based lending plus a fuel card! Using assets like inventory, and equipment as collateral, the company can take out a loan or obtain a credit line. Porter Freight Funding is headquartered in Birmingham, Alabama, and has an operations office in Hartselle, AL. Porter Freight Funding was founded in 2011. Sign In. 4 talking about this. Distribution companies can receive instant funding through Porter Freight Funding by financing inventory purchases. Pros. See what employees say it's like to work at Porter Freight Funding. This gas card is great for large businesses that spend a lot of money on fuel. Map application containing an extensive collection of GIS data for Porter County . This newly formed branch specializes in funding solutions for the trucking industry through capital freight factoring. Porter Freight Funding is located in Birmingham, Alabama, United States. We provide a flexible, entrepreneurial approach to the working capital that our clients truly need. eCapital - Growing company, recent merger with Accutrac Capital. Out of all the freight factoring companies in the United States, you deserve to work with the best for your trucking business! Thunder Funding - Focused entirely on the freight industry. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Who are Porter Freight Funding 's competitors? Porters most valuable asset is its staff that has 100+ combined years of freight factoring experience. eclipseworldwide.co.uk. TAFS - Multiple factoring program options, including speed funding. Freight factoring company specializing in the transportation industry, serving trucking companies large and small. Use AroundDeal to build prospect lists in 1 click. Porter Freight Funding was formed in 2011 with the goal of providing consistent cash flow to small or large trucking companies. 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. Established in 1991, Porter Freight Funding is a financial services firm headquartered in Birmingham, Alabama. We welcome our new team members and look forward to continued success in 2022. This means that you'll have to commit to a set number of invoices. Recourse factoring companies will typically have a minimum volume requirement that you'll need to meet before you can use their services. However, your company also runs the risk of having to repay the finance company. Instead, they tend to work on an as-needed basis. Plans previously stated warehouses on the site . If a lack of cash is damaging your business, find out how Porter Freight Funding can help you. In this article, we discuss double brokering and why carriers should be vigilant in vetting brokers. 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. No 1-800 numbers, call your representative directly. Personal Guarantees The company also offers benefits like free fuel cards with advances and discounts. Porter Capital doesnt specifically list the fees that you pay with their funding solutions. With our fully capable account management team and the power of Winfactor, keeping the trucks hauling has never been simpler. Billing services are provided at no additional cost to our non-recourse clients and are available to recourse clients with an additional surcharge. . Home Reviews Porter Freight Funding Review. Porter Freight Funding provides working capital to manufacturers through supply chain financing. Since the finance company bears less risk, it costs less to factor invoices with recourse. Equipment financing & insurance programs. | Porter Capital Corporation was founded in 1991 by brothers Marc and Donald Porter in Birmingham, AL. Porter Freight serves small and mid-sized trucking companies throughout the United States by providing a flexible approach to our clients working capital needs. You will also enjoy one of the most competitive and flexible benefits packages offered . 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. Whichever area you join, you become part of a talented, passionate team of people, committed to providing the best care and treatment to patients. Through the acquisition of Resource Billing Services, Porter Freight Funding has nearly 100 years of cumulative experience in the transportation factoring sector. Read our GDPR, CCPA compliance, Discover our comprehensive and accurate B2B database, Financial Services,Transportation/Trucking/Railroad. We work with both small businesses and large businesses to provide consistent cash flow to run a smooth trucking operation. These financing options also help stabilize cash flow peaks and valleys caused by slow-paying customers or seasonal industries. Porter Capital makes it easy to get cash for your company. We credit check all your brokers to avoid you working with untrustworthy customers with poor pay terms. They offer a wide variety of working capital solutions, including invoice factoring, supply chain financing, and business loans. The company has financing solutions designed to fit the needs of all companies, both large and small. Porter Freight Funding 2112 1st Ave. N., Birmingham, AL 35203 Alabama Birmingham Year founded: 1991 No. In addition, distribution companies may also factor their accounts receivable invoices or get cash through supply chain financing. By factoring invoices, companies in the oil and gas industry wont have to wait months before getting paid. Our staff is our most valuable asset with a combined 100+ years of experience in freight bill factoring. FreightWaves Ratings cuts through the noise of freight technology product reviews to make you a smarter buyer, accounts receivable financing and asset-based lending. Founded in 2011, Porter Freight Funding helps trucking companies of all sizes get access to consistent cash flow. We want to help more companies handle daily operations and grow while rewarding our current referral partners with a 15% commission. Porter Freight Funding was established in 2011 with the goal of providing consistent cash flow to small or large trucking companies. We want to earn your business rather than locking you into a long-term contract. 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. The Porter may also transport complex and valuable equipment that may need expert handling around the building. Be the first to find this review helpful. Porter Freight Funding's Post. Thank you..We really appreciate all you have done for us.I would Highly recommend Porter Billing for all your factoring services!! 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. Submitting Paperwork: Submit load paperwork for funding on the go Once the goods are delivered, and the buyer has confirmed that they approve the bill, the manufacturing company gets paid. Our non-recourse plan accepts all the credit risk if your brokers or shippers dont pay. 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 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. On the other hand, non-recourse financing means that your company is not liable if the customer does not pay. Jul 19, 2022 - Business Development Representative in Birmingham, AL. Grow with Porter Capital and get the working capital you need, when you need it. Triumph Business Capital. Asset-based lending, inventory financing, and working capital loans may be available. 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. BIRMINGHAM, Ala., Jan. 11, 2021 /PRNewswire/ -- Porter Capital, a leading provider of accounts receivable financing and asset-based lending soluti. Please sign in. Where smart businesses find their factoring company! This field is for validation purposes and should be left unchanged. Receive top paying loads with our dispatching network. parking lot was across the road. Freight factoring company specializing in the transportation industry, serving trucking companies large and small. 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. Contact Freight Funding Make the smarter choice for cash flow with 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. As a direct lender and factoring company, Porter . Porter Freight Funding. Porter Freight Funding provides these freight factoring benefits: You have your own personal client representative to help you every step of the way. Coupled with factoring services, the company also offers a dispatching network with pre-approved brokers and shippers. Get the lowest insurance quotes from our trusted insurance partners. You may find this form of financing costlier than if you went through a bank. We offer flexible contract options for our clients. 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. Oil and gas companies can take advantage of asset-based lending. 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. Our business funding services in Texas can scale with your company and are structured so you don't have to take on more debt. Approval for a non-recourse factoring arrangement may be more difficult. Bank of America Business Advantage Customized Cash Rewards Credit Card. Save money on every haul with the industrys best fuel card. Porter Freight Funding provides working capital solutions for companies that need to cover overhead costs. Mobile App. Prepaid or credit lines. Porter Freight Funding was established in 2011 to provide consistent cash flow to small or large trucking companies. She goes on and beyond to make sure you are satisfied!!! We help trucking companies start and grow their businesses. This form of financing helps companies cover payroll costs and other business expenses. 2022 FactoringClub. Driven by the needs of our customers, we deliver individual freight forwarding solutions tailored to our clients requirements. We offer factoring and finance solutions with rates as low as just 0.75%. We also have strategic partnerships with dispatching services, equipment providers, insurance providers and compliance services. Porter Freight Funding. Look for popular rankings and useful iPhone apps! Good coworkers and office location. With inventory and supply chain financing, working capital loans, and asset-based lending, a company can tap into much-needed cash to pay bills. Formed in August 1999, Eclipse Worldwide are a . 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. Slow-paying customers and seasonality can stifle a companys operations. In addition to its flexible factoring services, which have no long-term commitments or contracts. San Francisco Bay Area, Silicon Valley), This is the parent Organization of the sub-organization, Operating Status of Organization e.g. CEO Approval. With 100 combined years of trucking factoring experience, its safe to say we know what were doing. Show more Porter Freight Funding headquarters is in Birmingham, AL. You can select which invoices you want to factor. Our expert dispatchers book all loads under your MC number. Always a pleasure doing business with her. A company can pick which accounts receivable invoices they want to factor. 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. Non-recourse factoring companies have no volume commitments. 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. Get the funding you need quickly and manage your trucking business with ease. The company specializes in accounts receivable financing and asset-based lending - plus a fuel card! We offer both recourse and non-recourse factoring programs. Caters to women- and minority-owned businesses. Porter Freight Funding provides accounts receivable factoring and asset-based lending to oil and gas companies. We improve and provide consistent cash flow for your small or large trucking company. Businesses need cash to operate, grow, and thrive. 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. This should demystify the process for you. This type of factoring typically comes at a higher fee since the finance company carries more risk. Invoice factoring may be a good financing option for a small or rapidly-growing company that may not qualify for bank financing. 21 talking about this. Inquire within for a custom quote. 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. Freight Funding has your back. 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. We also recently donated to the Red Cross . In addition to factoring services, the company also offers a dispatching network with pre-approved brokers and shippers. 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. Weve been in business since 1991 and have helped thousands of customers build their trucking businesses. We offer month-to-month contracts, with the option ofsigning a discounted 6 to 12 month contract. Youll get access to a FREE fuel card with advances and discounts to save you money throughout the year. 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 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. 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.. The buyer then pays Porter Freight Funding directly. Invoice factoring can improve a companys short-term cash flow. Your profit and loss statement may look healthy, but if you dont have enough money in your bank account, there may be a problem. Learn about additional funding with Porter Freight Funding. 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 .
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