Porter Freight Funding
Birmingham, AL
Primary product: Freight factoring
About Porter Freight Funding
Porter Freight Funding is the trucking division of Porter Capital, headquartered in Birmingham, Alabama, serving owner-operators and fleets nationwide. It offers recourse and non-recourse factoring with flat pricing, advances of up to 95%, same-day wires and 24/7 advances through PorterWallet. A fuel card and fuel advances are included, and qualifying carriers can start with a 1.5% introductory rate.
Financial Products
- Freight factoring
- Non-recourse factoring
- Recourse factoring
- Fuel advances
- Minimum credit facility
- Contact for details
- Maximum credit facility
- Contact for details
Industries Served
Featured Services
- No cancellation fee
- Non-recourse option
- Same-day funding
- Free credit checks
- Fuel advances
Standard Terms
| Startup fee | Contact for pricing |
|---|---|
| Contract term | Contact for details |
| Advance rates | Up to 95%Source, checked 2026-11-04 |
| Factoring fee | 1.5%Source, checked 2026-11-04 |
| Minimum volume fees | Contact for pricing |
| Additional fees | Contact for pricingSource, checked 2026-11-04 |
| Reserves | Contact for details |
| Recourse | Recourse and non-recourseSource, checked 2026-11-04 |
| Funding speed | Same daySource, checked 2026-11-04 |
* Actual terms may vary. Your quote is set by the company for your volume and customers.
Company profile
Overview
Porter Freight Funding is the freight factoring division of Porter Capital. Its headquarters is in Birmingham, Alabama. Its about page says it was founded in 2011 as part of Porter Capital's expansion into transportation finance. The same page says Porter Capital has funded more than $15 billion in invoices since 1991.
Besides Birmingham, the company lists offices in Hartselle, Alabama; Dallas, Texas; Madison, South Dakota; and Farmington, New York. It says it serves carriers nationwide and offers both recourse and non-recourse factoring.
Porter's live website could not be accessed by automated tools in November 2026. Pages listed under Sources are Internet Archive copies of Porter's own pages, saved between January and June 2026. Terms on those pages are as of each capture date. Some terms below were recorded in January 2026 and are labeled with that date.
Services
- Freight factoring. Recourse and non-recourse programs. Porter handles billing and collections. Its FAQ says these are included at no additional cost for non-recourse clients. The FAQ also says clients do not have to factor every invoice.
- Freight broker credit checks. Free and unlimited, run through the PorterGO app.
- PorterWallet. A dedicated account and card for Porter's factoring clients. Its 24/7 advances page says approved funds can be moved instantly at any hour, including nights, weekends and holidays.
- PorterGO app. Combines credit checks, document scanning and submission, funding status, load boards and a fuel discount finder.
- Fuel card. Accepted at more than 2,500 truck stops nationwide, with diesel discounts. Its FAQ says the card can be paired with fuel advances and a credit line. The fuel card page advertises fuel advances of up to 50% of the load. Carriers who do not factor with Porter can also get the card. Cardholders receive weekly savings reports.
- Collections on problem invoices. Its FAQ says its Account Resolution Team recovers more than 80% of problem invoices.
Industries served
Porter serves trucking: owner-operators, small fleets and large trucking companies. The 1.5% introductory rate excludes Sprinter vans and box trucks.
Published terms
| Term | What the company publishes |
|---|---|
| Advance rate | Up to 95% of the invoice (owner-operator page) |
| Factoring fee | No standard rate card. Introductory rate of 1.5% for the first 60 days for qualifying carriers |
| Pricing structure | Flat; the rate does not rise the longer a freight broker takes to pay (FAQ) |
| Contract length | One-year agreement (FAQ, May 2026). |
| Notice and termination fees | Leave without termination fees on 60 days' notice (homepage and rate page). |
| Recourse | 90 days of active collection efforts before any chargeback (FAQ) |
| Non-recourse scope | Approved credit risk in specific situations such as bankruptcy; typically excludes operational disputes, lumper issues, paperwork problems and cargo claims |
| Minimum volume | Contact for pricing |
| Funding speed | Same-day wire, next-day ACH, or PorterWallet; most carriers paid within 24 hours of submitting an invoice |
| Application fee | Contact for pricing |
| Other fees | Contact for pricing |
| UCC filing | Contact for details |
The FAQ says costs depend on invoice volume, customer credit and payment timelines. The 1.5% introductory rate carries three conditions in the small print of its owner-operator page and rate page: a one-year recourse contract, a 95% advance rate, and no Sprinter vans or box trucks. After 60 days, the rate moves to the rate in the contract.
The FAQ says the one-year agreement is designed to provide stability and better pricing. Under the recourse program, the client may be responsible for an unpaid invoice once the 90-day collection period ends.
How to apply
Its FAQ says applying has no impact on the applicant's credit. Funding is by same-day wire, next-day ACH or PorterWallet.
More factoring companies
Sources
- Porter Freight Funding — Home (Internet Archive capture, 16 June 2026)
- Porter Freight Funding — About Us (Internet Archive capture, 14 May 2026)
- Porter Freight Funding — Freight Factoring FAQs (Internet Archive capture, 14 May 2026)
- Porter Freight Funding — Freight Factoring (Internet Archive capture, 14 May 2026)
- Porter Freight Funding — Owner-Operator Factoring (Internet Archive capture, 19 April 2026)
- Porter Freight Funding — 1.5% Factoring Rate (Internet Archive capture, 24 January 2026)
- Porter Freight Funding — PorterWallet 24/7 Advances (Internet Archive capture, 19 April 2026)
- Porter Freight Funding — Fuel Card (Internet Archive capture, 12 June 2026)
Porter Freight Funding
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