Birmingham, Alabama freight factoring division of Porter Capital offering same-day funding, recourse and non-recourse options, 24/7 fuel advances through PorterWallet and a fuel card.
Services
Who it serves
Overview
Porter Freight Funding is the transportation division of Porter Capital, a Birmingham, Alabama factoring and lending company founded in 1991. Porter Freight Funding was formed in 2011, when Porter Capital bought a transportation factoring company, and it now focuses on freight factoring, fuel advances and back-office support for carriers. The business operates as a DBA of Porter Billing Services LLC.
Besides its Birmingham headquarters, the company lists offices in Hartselle, Alabama; Flower Mound, Texas; Madison, South Dakota; and Farmington, New York.
Compare with other Factoring providers: Riviera Finance, Bobtail and Thunder Funding, or see all Factoring.
Services
Freight factoring with same-day wire or next-day ACH funding is the core service. Porter offers both recourse and non-recourse agreements. Its FAQ says non-recourse covers approved credit risk in cases such as broker bankruptcy, and that Porter's team works an unpaid invoice for up to 90 days of active collection before any chargeback.
PorterWallet 24/7 Advances let carriers draw cash against a load at pickup for fuel, repairs or other costs before delivery. The Porter Fuel Card offers discounts at more than 2,500 locations and is available even to carriers that do not factor with Porter. The PorterGO app handles invoice submission, payments, fuel tools and free unlimited broker credit checks.
Porter also refers clients to partners for dispatching, trucking insurance, compliance support and business banking, and runs a referral partner program.
Who it is for
Porter's site is aimed at owner-operators, small fleets and mid-size carriers across the United States, including dry van, flatbed, reefer, power only and hot shot operations. It has a dedicated page for new authority carriers and startups.
Carriers that rely on fuel money at pickup, or that have had trouble collecting from brokers, may find the PorterWallet advances and the account resolution team the most relevant parts of the offer.
How working with them works
Carriers request a quote on the home page or through the Apply Now page, and the quote form says it does not affect the carrier's credit. Porter's rates page says pricing is flat rather than tiered, so the rate does not climb the longer a broker takes to pay.
As listed on their website in November 2026, Porter advertises an introductory rate of 1.5 percent for the first 60 days for eligible carriers, and its rates page says it advances up to 100 percent of invoice value. Fine print on the home page promotion references a 95 percent advance rate, a one-year recourse contract and exclusions for sprinter vans and box trucks. Rates after the introductory period are not published and depend on fleet size and volume.
On contracts, the FAQ describes a one-year agreement, while the rates page describes a standard term with written notice required at least 60 days before renewal. Porter says it has no hidden fees and no termination fees with proper notice.
Questions to ask before you sign
Ask whether you are signing recourse or non-recourse, and exactly what the non-recourse coverage includes beyond broker bankruptcy. Ask how the 90-day collection window works and what you owe when it ends.
Ask for your advance rate and whether a reserve is held. The rates page notes that recourse agreements typically carry a lower rate in exchange for a small reserve.
Ask what your rate becomes after the 60-day introductory period, and whether you qualify for the introductory offer at all.
Get a full fee list, including wire, ACH, PorterWallet advance and fuel card fees.
Confirm the contract length, the renewal date and the 60-day written notice requirement, and ask how a buyout and UCC release work if you leave.
Ask whether there are monthly minimums and whether you must factor all invoices from a broker once you start.
Ask how notice of assignment is sent to brokers and how broker credit limits are set in PorterGO.
Company background
Porter Capital was founded in 1991 by brothers Marc and Donald Porter, according to a Secured Finance Network member spotlight, and is based on 1st Avenue North in Birmingham. Porter Freight Funding's About page says Porter Capital has funded more than $15 billion in invoices since 1991. John Land is President of Porter Freight Funding, and the leadership page also lists a Chief Credit Officer, a Vice President of Strategic Operations, a Controller and directors of operations and sales.
The freight division has grown through acquisitions. Pay4Freight, a freight funding company founded in 2008, merged into Porter Freight Funding in January 2024, adding a Texas office. Porter Freight Funding later acquired Integrated Factoring, which served small and single-truck carriers from Farmington, New York. Porter lists membership in the International Factoring Association.
Sources
Information compiled from public sources. Last verified November 2026. Confirm details directly with the company.
