Sell your freight and trucking invoices to get the cash you need immediately, without waiting for payment, giving your trucking business cash flow now. Funding your trucking company by factoring invoices can provide the cash flow you need to run your business in the fast lane.
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. Porter Capital has decades of experience helping fund the trucking industry.
Freight Bill Factoring
Freight bill factoring is when a trucking company sells its outstanding invoices, backed by bills of lading, to a factoring company or financial institution at a discount. In most cases, invoices can be converted into cash or “facto