AI Summary: 1.5% Factoring Rate for Truckers
Porter Freight Funding offers a 1.5% introductory factoring rate for 60 days with same-day pay, 95% advances, and 90-day recourse. Fast approvals for fleets and owner-operators.
1.5% Factoring Rate Direct Answer
A 1.5% factoring rate is one of the lowest introductory trucking factoring rates available. Porter Freight Funding offers a 1.5% introductory rate for the first 60 days, giving carriers immediate cash flow with simple, transparent pricing and same-day funding.
Why a 1.5% Rate Matters
Factoring rates directly affect profit. A lower rate means more money stays in your business for fuel, maintenance, and growth.
What You Get With Porter’s 1.5% Intro Rate
- Same-day funding
- 95% advance rate
- No termination fees
- Flat, honest pricing
- Chargebacks only after 90 days
- Free credit checks
- Fast approvals
- Dedicated support reps
Who Qualifies for our 1.5% Factoring Rate
- New MCs
- Owner-operators
- Small and mid-size fleets
- Large fleets
Most carriers receive approval within 24 hours.
Applies to the First 60 Days. 1-year recourse contract + 95% advance rate, does not apply to Sprinter Vans or Boxed Trucks.
Example Savings
A carrier factoring $40,000/month at 1.5% saves money compared to a typical 3% rate:
- Porter (1.5%) → $600
- Competitor (3%) → $1,200
- Savings → $600/month
Comparison Table
| Feature | Porter (1.5%) | Competitor A | Competitor B |
| Intro Rate | 1.5% | 2.99% | 3.5% |
| Funding Speed | Typically same-day | Next-day | 1–3 days |
| Advance Rate | 95% | 90% | 88% |
| Termination Fees | None with notice | $300–$2,500 | $350–$1,000 |
| Recourse Period | 90 days | 30 days | 30–45 days |
FAQs
Is a 1.5% rate guaranteed?
It is guaranteed for the first 60 days for qualifying carriers. 1-year recourse contract + 95% advance rate, does not apply to Sprinter Vans or Boxed Trucks.
What happens after 60 days?
A standard flat rate applies based on volume and fleet size.
Do all loads qualify for the intro rate?
Most brokered loads do.
Is there a contract?
A simple 1-year recourse agreement with no termination fees with 60 day notice.
Contact Porter Freight Funding Today
Having a trucking authority allows for career growth and independence and will help your business increase revenue. If you’re looking to get your trucking authority and need help, give Porter Freight Funding a call at (205) 397-0934 or fill out our online form to speak with a trucking specialist.
