In the transportation industry, trucks are always running, and people are always moving. Freight and trucking companies are consistently at odds with their clients’ payment schedules, creating cash flow gaps. These gaps can create financial strain, no matter how well-established you are. For these reasons and more, most trucking companies use invoice financing for their transportation services.
Invoice financing, also known as factoring, is a strategic process trucking companies use to get a cash advance on their outstanding payments. As a freight factoring services provider, we at Porter Capital are dedicated lenders. We prioritize your independence by offering upfront cash advances on your invoices. You can take your business to the next level in the transportation industry with more working capital.