Invoice factoring allows you to experience hassle-free payment plans without inconveniencing yourself or your clients. Allow the team at Porter Capital to handle the billing. How Porter Capital Helps Trucking CompaniesĪs a trucking company, you already manage a lot of moving parts.

Long-term partnerships: After you’re approved once for invoice factoring, we at Porter become your partner for life! You can choose to factor every invoice or use our services seasonally - no obligation necessary!.

Our invoice factoring application accepts many candidates regardless of credit or collateral.

Loan alternatives: Some businesses won’t qualify for standard loans or lines of credit.

We deposit your advance in days and streamline the billing collection process.

Streamlined process: We’ve perfected our factoring services for transportation companies over more than 30 years of business.

Get paid for your services instantly with Porter Capital’s invoice financing for the trucking industry. Invoice factoring can change the way you manage and apply your monthly budget. With upfront funding for all your overhead expenses, you can focus on expanding your company and doing more with what you have! Whether you operate a nationwide transportation fleet or a local freight service, your business can enjoy the security and flexibility of invoice factoring. Once the amount is paid in full, we return your remaining balance minus a small factoring fee.īenefits of Financing for Trucking Companiesįreight bill factoring services offer unmatched funding potential for all your outstanding invoices.

You proceed as usual with your funding while we wait for payment from the client.We deposit up to a 95% advance within days.Your company submits a verified invoice to our team.Here’s how we at Porter manage our factoring services for trucking companies: By factoring your invoices, you pass the collection responsibility to our team, making it easier to manage your daily expenses. Porter Capital offers quick and affordable factoring services for the transportation industry. Instead of waiting on your clients to submit their payments, you can factor your bills and get an instant advance. Small and large businesses alike often can’t afford to wait months for funding, which is where trucking invoice factoring comes in. It’s especially common in the trucking industry to wait at least 30-90 days for payment. You can take your business to the next level in the transportation industry with more working capital. We prioritize your independence by offering upfront cash advances on your invoices. As a freight factoring services provider, we at Porter Capital are dedicated lenders. Invoice financing, also known as factoring, is a strategic process trucking companies use to get a cash advance on their outstanding payments. For these reasons and more, most trucking companies use invoice financing for their transportation services. These gaps can create financial strain, no matter how well-established you are. Freight and trucking companies are consistently at odds with their clients’ payment schedules, creating cash flow gaps. In the transportation industry, trucks are always running, and people are always moving.

Invoice factoring transportation