Recommend. According to Portal Capitals website, you can receive funding in as little as 24 hours. 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. Porter Capital | 1,359 followers on LinkedIn. The buyer then pays Porter Freight Funding directly. 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. Northampton, Northamptonshire, NN5 7UW. Triumph Business Capital. Porter Freight Funding provides accounts receivable factoring and asset-based lending to oil and gas companies. 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 . Offer Quick Pay programs to your carriers. 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. By factoring invoices, companies in the oil and gas industry wont have to wait months before getting paid. This type of financing can be repaid as the company sells its inventory. Recourse factoring fees start at 3%. Flexible financing options through Porter Capital can offer quick cash. As a direct lender and factoring company, Porter Capital has offered over $6 billion in funding since its inception. Submitting Paperwork: Submit load paperwork for funding on the go Slow-paying customers and seasonality can stifle a companys operations. Get the funding you need quickly and manage your trucking business with ease. Weve been in business since 1991 and have helped thousands of customers build their trucking businesses. Recourse factoring companies will typically have a minimum volume requirement that you'll need to meet before you can use their services. Grow with Porter Capital and get the working capital you need, when you need it. Mobile App. Instead, they tend to work on an as-needed basis. Your profit and loss statement may look healthy, but if you dont have enough money in your bank account, there may be a problem. 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. We have used them for 1 1/2 years and have always been completely satisfied. These financing options also help stabilize cash flow peaks and valleys caused by slow-paying customers or seasonal industries. Business Outlook. Jul 19, 2022 - Business Development Representative in Birmingham, AL. With inventory and supply chain financing, working capital loans, and asset-based lending, a company can tap into much-needed cash to pay bills. In addition to factoring services, the company also offers a dispatching network with pre-approved brokers and shippers. View contacts for Porter Freight Funding to access new leads and connect with decision-makers. With 100 combined years of trucking factoring experience, it's safe to say we know what we're doing. Invoice factoring can improve a companys short-term cash flow. You can select which invoices you want to factor. 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. Contact Freight Funding Make the smarter choice for cash flow with Freight Funding. Where smart businesses find their factoring company! All rights reserved. Any gaps in funding can wreak havoc on a companys cash flow. 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. Alternatives and possible competitors to Porter Freight Funding may include Southwest Freightlines, U.S. Learn about additional funding with Porter Freight Funding. Established in 1991, Porter Freight Funding is a financial services firm headquartered in Birmingham, Alabama. 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 provides these freight factoring benefits: You have your own personal client representative to help you every step of the way. We offer factoring and finance solutions with rates as low as just 0.75%. This should demystify the process for you. Staffing companies need funds to cover payroll and contractor checks. Just give us some details and we will get back to you in a jiffy. Coupled with factoring services, the company also offers a dispatching network with pre-approved brokers and shippers. 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. Our business funding services in Texas can scale with your company and are structured so you don't have to take on more debt. As a direct lender and factoring company, Porter . eCapital - Growing company, recent merger with Accutrac Capital. ~Debbie, Porter Freight Funding is the BEST!! . With 100 combined years of trucking factoring experience, its safe to say we know what were doing. BIRMINGHAM, Ala., Jan. 11, 2021 /PRNewswire/ -- Porter Capital, a leading provider of accounts receivable financing and asset-based lending soluti. eclipseworldwide.co.uk. Inquire within for a custom quote. Businesses need cash to operate, grow, and thrive. Good to know: Discounts available if you sign a six-month or one-year contract. Good coworkers and office location. 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. Porter Freight Funding provides financial solutions through a variety of loan programs targeting diverse industries. Our expert dispatchers book all loads under your MC number. Porter Freight Funding has plenty of financing options for industrial and service companies. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. parking lot was across the road. Home Reviews Porter Freight Funding Review. Copyright 2022 Arounddeal Holdings Limited. CEO Approval. 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. 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 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. Best for: No Spending Caps. 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. We offer month-to-month contracts, with the option ofsigning a discounted 6 to 12 month contract. We offer flexible contract options for our clients. Porter Freight Funding. We offer both recourse and non-recourse factoring programs. All rights reserved. No 1-800 numbers, call your representative directly. We help trucking companies start and grow their businesses. The company specializes in accounts receivable financing and asset-based lending plus a fuel card! See what employees say it's like to work at Porter Freight Funding. altLINE is the invoice factoring side of The Southern Bank Company, a community bank based in Alabama. We have true non-recourse and recourse factoring programs to meet your trucking companys needs. This form of financing helps companies cover payroll costs and other business expenses. Porters most valuable asset is its staff that has 100+ combined years of freight factoring experience. 4 talking about this. Account Manager AT Porter Billing Services. 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. We want to earn your business rather than locking you into a long-term contract. Youll get access to a FREE fuel card with advances and discounts to save you money throughout the year. This type of factoring typically comes at a higher fee since the finance company carries more risk. Need cashflow resources for your business? Bank of America Business Advantage Customized Cash Rewards Credit Card. Established in 1991, Porter Freight Funding is a financial services firm headquartered in Birmingham, Alabama. Map application containing an extensive collection of GIS data for Porter County . Porter Freight Funding is in the sectors of: Freight Delivery. Thunder Funding - Focused entirely on the freight industry. Billing services are provided at no additional cost to our non-recourse clients and are available to recourse clients with an additional surcharge. Search or verify contact lists in minutes with bulk tasks. Factoring accounts receivable provides cash to companies so that they can pay business expenses. Distribution companies can receive instant funding through Porter Freight Funding by financing inventory purchases. Porter Capital offers working capital solutions to businesses all over the country in a variety of industries. 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 provides working capital solutions for companies that need to cover overhead costs. 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. For example, companies can choose to factor invoices of a specific dollar amount or those of a slow-paying customer. Always a pleasure doing business with her. Our non-recourse plan accepts all the credit risk if your brokers or shippers dont pay. In addition, distribution companies may also factor their accounts receivable invoices or get cash through supply chain financing. We also recently donated to the Red Cross . You may find this form of financing costlier than if you went through a bank. 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. Porter Freight Funding, a transportation factoring company, needed to convert their existing web application into a native mobile app for on-the-go drivers. In 2011, Porter Capital acquired an experienced transportation factoring operation and formed Porter Freight Funding, formerly Porter Billing Services. Sign In. The Porter may also transport complex and valuable equipment that may need expert handling around the building. Manufacturers have other funding options such as factoring and asset-based lending. We work with both small businesses and large businesses to provide consistent cash flow to run a smooth trucking operation. 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 Freight Funding. This field is for validation purposes and should be left unchanged. Since the finance company bears less risk, it costs less to factor invoices with recourse. Once the goods are delivered, and the buyer has confirmed that they approve the bill, the manufacturing company gets paid. 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. Sign up for a year, 6 months, or a month-to-month factoring agreement. Additionally, Porter Freight has access to insurance, compliance, and trucking equipment partners to better support our trucking industry clients! Submitting Paperwork: Submit load paperwork for funding on the go. Equipment financing & insurance programs. 2022 FactoringClub. The company specializes in accounts receivable financing and asset-based lending - plus a fuel card! 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. 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. They offer a wide variety of working capital solutions, including invoice factoring, supply chain financing, and business loans. Fuel advances are available for 45% of the load. We also have strategic partnerships with dispatching services, equipment providers, insurance providers and compliance services. Out of all the freight factoring companies in the United States, you deserve to work with the best for your trucking business! Porter Freight Funding was established in 2011 with the goal of providing consistent cash flow to small or large trucking companies. Caters to women- and minority-owned businesses. 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. We welcome our new team members and look forward to continued success in 2022. Salaries, reviews, and more - all posted by employees working at 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's staff is the most valuable asset around, with over 100 years of combined experience in freight bill factoring operations and the transportation industry. Freight factoring company specializing in the transportation industry, serving trucking companies large and small. Show more Porter Freight Funding headquarters is in Birmingham, AL. Driven by the needs of our customers, we deliver individual freight forwarding solutions tailored to our clients requirements. Porter Freight Funding provides working capital to manufacturers through supply chain financing. 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. 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Device ), Where the organization is headquartered ( e.g supply chain financing States, you can receive Funding... Non-Recourse clients and are available to recourse clients with an additional surcharge and seasonality can stifle companys! And valuable equipment that may need expert handling around the building,,! Rather than locking you into a long-term contract of working Capital solutions to all... Or those of a specific dollar amount or those of a slow-paying customer Advantage Customized Rewards!
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