Porter is worth a look if getting through the next load is as important as getting paid for the last one. Its mobile tools and optional pickup advances address both parts of that workflow. The decision deserves a full-year cost comparison: the introductory rate ends after 60 days, while the agreement lasts a year. We would compare the ongoing rate and transfer charges, then choose between recourse and the narrower credit protection of non-recourse.
Choose the invoices you factor
Factor selected invoices instead of sending every invoice.
Two ways to get paid
Choose same-day wire or next-day ACH after approval.
Keep paperwork in your pocket
Scan documents, submit loads and track funding in PorterGO.
Updated 2026-09-08
What stands out
A closer look at Porter Freight Funding
Getting paid
Choose the funding method around when you need usable money. Confirm approval and settlement before planning a fuel stop around an advance.
Supporting details
The FAQ lists same-day wire and next-day ACH. Allow for invoice approval, cutoff times and your receiving bank. Source ↗
PorterGO supports scanning and submitting load documents from your phone, with invoice and funding-status tracking. Source ↗
The standard comparison advertises up to 100%, with a reserve released after broker payment. The introductory offer specifies 95%; confirm your net deposit. Source ↗
Up to 50% of load value, capped at $3,500 per truck, after submitting the rate confirmation and shipper-signed BOL. The advance is deducted when the delivered load is factored. Source ↗
PorterWallet enrollment enables round-the-clock pickup advances after approval. Other account types follow different schedules and may fund the next business day. Source ↗
At a glance
Who it serves
US owner-operators and fleets, including new authorities. Broker and invoice approval still apply.More details
Introductory rate
1.5% for the first 60 days, with a one-year recourse agreement and 95% advance. The offer excludes Sprinter vans and box trucks.More details
Agreement length
The detailed FAQ specifies a one-year agreement. Invoice choice does not make the contract month to month.More details
Sending load paperwork
PorterGO supports scanning and submitting load documents from your phone, with invoice and funding-status tracking.More details
Costs, plans & capabilities
Recourse factoring
1.5% for the first 60 days, with a one-year recourse agreement and 95% advance. The offer excludes Sprinter vans and box trucks.
A quoted flat rate based on volume and fleet size applies after day 60. Obtain that rate and the complete fee schedule before signing.
The standard comparison advertises up to 100%, with a reserve released after broker payment. The introductory offer specifies 95%; confirm your net deposit.
The detailed FAQ specifies a one-year agreement. Invoice choice does not make the contract month to month.
Written notice is required at least 60 days before renewal. Confirm early-exit costs, outstanding-invoice obligations and lien-release timing in your agreement.
Porter describes 90 days of active collection before chargebacks, with an Account Resolution Team for further recovery. Recourse liability can remain.
Non-recourse factoring
Advertises a 100% advance with no reserve, plus approved broker bankruptcy or insolvency protection. Fees and eligibility remain account-specific.
Porter distinguishes insolvency from cargo claims, paperwork disputes and short payments. Non-recourse does not mean every unpaid invoice is covered.
The detailed FAQ specifies a one-year agreement. Invoice choice does not make the contract month to month.
Written notice is required at least 60 days before renewal. Confirm early-exit costs, outstanding-invoice obligations and lien-release timing in your agreement.
PorterWallet and optional pickup advances
Standard invoice funding into PorterWallet costs $2 per invoice. A pickup advance is optional and carries its separate advance fee.
Up to 50% of load value, capped at $3,500 per truck, after submitting the rate confirmation and shipper-signed BOL. The advance is deducted when the delivered load is factored.
$20 per advance, plus the delivery-method fee: PorterWallet $2 per invoice; ACH $5–7 per schedule; wire $25–30 per schedule.
PorterWallet enrollment enables round-the-clock pickup advances after approval. Other account types follow different schedules and may fund the next business day.
Plan details
Who it serves
US owner-operators and fleets, including new authorities. Broker and invoice approval still apply. Source ↗Checked 2026-09-08
Introductory rate
1.5% for the first 60 days, with a one-year recourse agreement and 95% advance. The offer excludes Sprinter vans and box trucks. Source ↗Checked 2026-09-08
After the introduction
A quoted flat rate based on volume and fleet size applies after day 60. Obtain that rate and the complete fee schedule before signing. Source ↗Checked 2026-09-08
Agreement length
The detailed FAQ specifies a one-year agreement. Invoice choice does not make the contract month to month. Source ↗Checked 2026-09-08
Renewal and leaving
Written notice is required at least 60 days before renewal. Confirm early-exit costs, outstanding-invoice obligations and lien-release timing in your agreement. Source ↗Checked 2026-09-08
Invoice choice
Porter says you may choose which invoices to factor; you do not have to submit every invoice. Source ↗Checked 2026-09-08
Payment timing
The FAQ lists same-day wire and next-day ACH. Allow for invoice approval, cutoff times and your receiving bank. Source ↗Checked 2026-09-08
Sending load paperwork
PorterGO supports scanning and submitting load documents from your phone, with invoice and funding-status tracking. Source ↗Checked 2026-09-08
Recourse advance and reserve
The standard comparison advertises up to 100%, with a reserve released after broker payment. The introductory offer specifies 95%; confirm your net deposit. Source ↗Checked 2026-09-08
Non-recourse option
Advertises a 100% advance with no reserve, plus approved broker bankruptcy or insolvency protection. Fees and eligibility remain account-specific. Source ↗Checked 2026-09-08
Limits of credit protection
Porter distinguishes insolvency from cargo claims, paperwork disputes and short payments. Non-recourse does not mean every unpaid invoice is covered. Source ↗Checked 2026-09-08
When a broker does not pay
Porter describes 90 days of active collection before chargebacks, with an Account Resolution Team for further recovery. Recourse liability can remain. Source ↗Checked 2026-09-08
Account support
A US-based team handles operations and credit inquiries. Confirm staffed hours and your backup contact for a funding issue. Source ↗Checked 2026-09-08
Broker and invoice tools
PorterGO combines broker credit checks, document submission and funding tracking on mobile and desktop. Source ↗Checked 2026-09-08
Optional pickup advances
Up to 50% of load value, capped at $3,500 per truck, after submitting the rate confirmation and shipper-signed BOL. The advance is deducted when the delivered load is factored. Source ↗Checked 2026-09-08
Pickup advance charges
$20 per advance, plus the delivery-method fee: PorterWallet $2 per invoice; ACH $5–7 per schedule; wire $25–30 per schedule. Source ↗Checked 2026-09-08
Who gets 24/7 funding
PorterWallet enrollment enables round-the-clock pickup advances after approval. Other account types follow different schedules and may fund the next business day. Source ↗Checked 2026-09-08
Regular Wallet funding
Standard invoice funding into PorterWallet costs $2 per invoice. A pickup advance is optional and carries its separate advance fee. Source ↗Checked 2026-09-08
Company identity
Porter Freight Funding is a trading name of Porter Billing Services, LLC, within the Porter Capital group. Source ↗Checked 2026-09-08
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