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Porter Freight Funding factoring: rates and terms
Porter Freight Funding's site gives a rate: 1.5% (first 60 days; needs a 1-year recourse contract and 95% advance). It doesn't say contract term, leaving, minimums or 1 other term. Source: porterfreightfunding.com, pages read Oct 25, 2026.
Run Porter Freight Funding's rate in the rates calculator
What Porter Freight Funding publishes
- Rate: published
- Advance: published
- Recourse: published
- Reserve: published
- Payout fees: published
- Contract term: not published
- Leaving: not published
- Minimums: not published
- Other fees: not published
Filled: stated on Porter Freight Funding's site. Dashed: not published on the pages we read.
Terms, in Porter Freight Funding's words
| Term | What the site says |
|---|---|
| Rate | 1.5% intro for first 60 days (requires 1-year recourse contract, 95% advance)"*First 60 days, 1-year recourse contract + 95% advance rate, does not apply to Sprinter Vans or Boxed Trucks." [1] source for 1.5% intro for first 60 days (requires 1-year recourse contract, 95% advance): porterfreightfunding.com |
| Advance | up to 95% (intro offer)"Up to 95% invoice advance" [1] source for up to 95% (intro offer): porterfreightfunding.com |
| Recourse | recourse and non-recourse; chargebacks after 90 days of collection"Chargebacks only after 90 days of active collection efforts" [1] source for recourse and non-recourse; chargebacks after 90 days of collection: porterfreightfunding.com |
| Reserve | recourse carries 'a small reserve'; says no hidden reserve"Recourse factoring typically carries a lower rate in exchange for a small reserve." [1] source for recourse carries 'a small reserve'; says no hidden reserve: porterfreightfunding.com |
| Payout fees | same-day wire, next-day ACH, 24/7 PorterWallet advances (fees not published)"Funding is available through: Same-day wire transfers Next-day ACH payments PorterWallet for 24/7 advances" [1] source for same-day wire, next-day ACH, 24/7 PorterWallet advances (fees not published): porterfreightfunding.com |
| Contract term | not published |
| Leaving | not published |
| Minimums | not published |
| Other fees | not published |
| Fuel program | EFS-network fuel card, 2,500+ discount locations, advances up to 50% of load"Fuel advances up to 50% of the load" [1] source for EFS-network fuel card, 2,500+ discount locations, advances up to 50% of load: porterfreightfunding.com |
| Credit checks | free instant broker credit check (PorterGO)"Run a free, instant broker credit check anytime with PorterGO before you haul." [1] source for free instant broker credit check (PorterGO): porterfreightfunding.com |
| Referral program | $300 per referred carrier after first funded invoice"Refer them to Porter and you'll earn $300 once they fund their first invoice." [1] source for $300 per referred carrier after first funded invoice: porterfreightfunding.com |
| Affiliate program | not published |
| Reviews | not published |
Values are Porter Freight Funding's marketing claims, quoted from its pages; the contract you sign governs. Pages read: porterfreightfunding.com/freight-factoring/factoring-rates/, porterfreightfunding.com/freight-factoring/freight-factoring-faqs/, porterfreightfunding.com/freight-factoring-referral-program/, porterfreightfunding.com/fuel-card/, porterfreightfunding.com/freight-factoring/owner-operators/.
Porter Freight Funding against other published rates
Clauses from a signed Porter Capital Corp. (parent of Porter Freight Funding) agreement
From Commercial Financing Agreement (EX-10.5) with Lumea Staffing, dated 2009-03, filed with the SEC. An old agreement with a non-trucking client shows the clauses this factor's paper has used, not today's terms.
"a further charge of one and one-half percent for each fifteen-day period in which each of these invoices is outstanding"
"Porter Capital may increase the reserve amount taken on each Purchased Receivable in its sole discretion."
"ninety days after the origination date these Special Risk invoices shall be deemed a Customer Dispute and shall be charged back"
"three times the amount of such converted payment or five thousand dollars, whichever is the larger amount"
"all of its personal property and assets of any nature, including ... inventory, equipment"
How to get out of a factoring contract
We have no paid relationship with any company on this page. Porter Freight Funding runs a referral or affiliate program (listed above); we are not enrolled in it. Corrections: tell us.
Questions
What are Porter Freight Funding's factoring rates?
Porter Freight Funding publishes 1.5% (first 60 days; needs a 1-year recourse contract and 95% advance). On $10,000 of invoices that's $150 before payout fees. Run it in the rates calculator.
Does Porter Freight Funding work with new authorities?
The pages we read don't say. That doesn't mean Porter Freight Funding turns new carriers away; ask before you apply.
Does Porter Freight Funding require a long-term contract?
Porter Freight Funding's site doesn't say how long the contract runs on the pages we read. The signed agreement sets the term you are held to.
Is Porter Freight Funding recourse or non-recourse?
Porter Freight Funding's site says: recourse and non-recourse; chargebacks after 90 days of collection.
How do I stop factoring with Porter Freight Funding?
Porter Freight Funding's site doesn't say how to leave on the pages we read. The notice period and any termination fee are in your signed agreement. How to get out of a factoring contract.