If you are looking for a funding solution for your trucking company that doesn’t involve borrowing from the bank or opening up another line of credit, consider Porter Billing Services’ Non-Recourse Factoring program. You can receive the capital you need today with absolutely no credit risk!
What is Non-Recourse Factoring?
Non-recourse factoring is an asset-based funding method in which your invoices are purchased for a large percentage of the debt owed by a third party, known as a factor.
The factor then collects the debts from your customers and completely assumes the risk of non-payment. This protects your trucking company from the effects of a bad debt, which gives you the peace-of-mind that comes from knowing a bad debt isn’t going to damage your business.
The non-recourse factoring program is a trucking service well-suited for companies with smaller fleets. It is also a wise choice for single owner-operators.
The trucking client receives all of their money upfront and leaves the credit risk for the load with Porter Billing Services.
With the non-recourse factoring program at Porter Billing Services, your trucking company gains access to the following benefits:
- Same day funding on invoices
- Advance rate of 96.05%
- No long-term contracts or termination fees
- No reserve requirements
- Free online credit checks
- Billing program (Included at no additional cost)
- Free TripPak and Transflo services
- FuelSmart Fuel Card (Diesel credit line and discounts available)
Contact us today to find out if our non-recourse factoring program is right for you. We would be happy to answer any questions you may have!
Give us a call today at 1-800-737-7344.