Overview
Porter Capital is an independent factoring and asset-based lending company headquartered at 2112 1st Avenue North in Birmingham, Alabama. Its team page says brothers Marc and Donald Porter founded Porter Capital Corporation in Birmingham in 1991, and that the company has provided billions of dollars in funding since then. Its Better Business Bureau profile, filed under the name Porter Capital Group, gives a business start date of December 29, 1994. The two dates may reflect different legal entities, but we note the gap. Marc Porter leads the company as chief executive, and the BBB profile also lists him as president.
Porter is the parent of Porter Freight Funding, its trucking division, which we profile separately in our Porter Freight Funding review. This review covers Porter Capital's general business factoring for companies outside trucking.
The company serves businesses nationwide. Its FAQ names staffing, manufacturing, distribution, service companies, oil and gas, transportation, technology and government contracts as its primary industries, and it says it can also work with foreign-owned US subsidiaries. It works only with businesses that sell to other businesses or to government, on payment terms from net 30 to net 120. Its team page lists business development staff in Georgia, Minnesota and Florida as well as Birmingham.
A note on sourcing: Porter's website refused our automated requests with a 403 error in November 2026. We read its pages through Internet Archive snapshots taken between May and October 2026, linked below. Confirm current terms with Porter directly.
Rates, advances and fees
Porter's homepage advertises factoring rates as low as 0.4%, with a footnote-style asterisk and the explanation that clients with higher invoice volumes or better credit quality may qualify for lower fees. Treat 0.4% as a floor reserved for the strongest accounts. Porter's own invoice factoring page says factoring fees generally range from 1% to 5% of the invoice amount per month, depending on payment terms, volume and the risk of your receivables, and its worked example uses an 85% advance and a 3% fee. The site does not say what period the 0.4% applies to, which matters a great deal: 0.4% per ten days and 0.4% per month are very different prices.
Advance rates are stated inconsistently. The invoice factoring page says Porter pays "up to 95% on each invoice" in one section and, a few paragraphs later, that it pays 80% to 90% of the invoice value. The FAQ says clients receive up to 90% within 24 hours and the remaining 10% minus the fee once the customer pays. Our reading is that 80% to 90% is the normal range and 95% is a best case. Ask for the actual advance rate in your proposal.
On other fees, Porter says it discloses all factoring charges and additional fees upfront and that there are no hidden fees. The FAQ adds that cost depends on the number of invoices submitted and the services Porter handles, and that quotes are free. We found no published schedule for wire, ACH, setup or termination fees. Ask for each in writing and see our guide to hidden factoring fees.
Line sizes are also stated two ways. The homepage describes funding "from $50K to $25MM" in one place and "lines of credit from $25k to $25MM" in another. The team page confirms credit lines of up to $25 million. Either way, the minimum is low enough for small businesses. Porter also says that to qualify for lines of credit you need a business bank account, and that eligibility rests more on your customers' creditworthiness than on your own business credit, which is the standard factoring approach and good news for younger companies.
Contract terms
Porter offers both recourse and non-recourse factoring. Its invoice factoring page explains that recourse means you must reimburse Porter if a customer does not pay, with lower fees and higher approval rates, while non-recourse moves the risk of a customer's default to Porter, with slightly higher fees and more selective approval. Its non-recourse page is candid about the limits: the protection covers credit problems such as a customer's insolvency, not disputes over goods, services or returns. It also describes a non-recourse "carve-out" product designed to sit alongside a client's existing bank through intercreditor agreements, which is a useful option for companies that want to keep their bank line in place. See our guide to recourse vs non-recourse factoring.
Porter does not require you to factor every invoice. Its FAQ says you can submit a portion of your invoices based on your financing needs, and submit them whenever you need cash. Collections can be handled openly with your customer or behind the scenes, according to the invoice factoring page, and a recent case study describes a non-notification facility.
We could not find a published contract length, notice period or termination fee for Porter Capital's general factoring. Our review of its freight division recorded a choice of contract lengths, but we did not find the same detail for the business factoring side. Read the term, renewal and exit clauses before you sign, using our guide to reading a factoring contract.
Funding speed and service
Porter says that once paperwork is submitted, financing is normally approved within 24 hours, and that advances arrive within 24 hours of submitting invoices. Its homepage repeats "financing in as little as 24 hours". It does not advertise same-day funding.
Recent case studies on its homepage give a sense of what it handles. In September 2026 it described a $5 million recourse factoring facility for a flooring and exhibition services company, funded in under 10 days from first contact. In August 2026 it described a $10 million non-notification factoring facility for a family-owned seafood processor, with initial funding of $6.5 million. Porter also says it works with startups that already have customers and revenue, and with established companies coming through losses or setbacks, including businesses emerging from bankruptcy.
Porter's BBB profile shows an A+ rating and 0 complaints in the last three years, though the business is not BBB accredited. Client reviews quoted on its homepage repeatedly mention named account executives and collectors, which suggests a relationship model with assigned staff.
Who it's for
Porter Capital suits small and mid-sized B2B companies, especially staffing agencies, manufacturers, distributors, service firms, oil and gas suppliers, technology companies and government contractors, that want a choice between recourse and non-recourse factoring and the option to factor only some invoices. Its willingness to work with turnarounds and young companies with revenue makes it worth a call for owners a bank has turned down.
Owners who need firm published numbers before they talk to anyone will find Porter frustrating. Its site gives several different advance rates and minimum line sizes, and its lowest advertised rate lacks a stated time period. Trucking companies should look at Porter Freight Funding instead.
Pros and cons
Pros
- Founded in 1991 and family-led
- Recourse and non-recourse factoring, including a carve-out product that works alongside an existing bank
- Factor some invoices rather than your whole ledger
- Approval and funding within 24 hours
- Credit lines up to $25 million, with small minimums
- Works with startups that have revenue, turnarounds and companies coming out of bankruptcy
- A+ BBB rating with no complaints in three years
Cons
- Advertised 0.4% rate has no stated time period and applies only to the strongest accounts
- Advance rates are stated as 80% to 90%, up to 90% and up to 95% on different pages
- Minimum line size is stated as both $25,000 and $50,000
- No published contract length, notice period or termination fee
- No same-day funding advertised
- Not BBB accredited
- Its website blocks automated access, so terms are harder to verify
How it compares
altLINE, another Alabama factor, publishes more specific fee ranges but does not state whether it offers non-recourse. Rosenthal & Rosenthal is the larger non-recourse specialist, but its facilities start around $500,000. Carriers should compare Porter's own Porter Freight Funding division with other freight factors. Our calculator shows what a quoted rate and advance mean in dollars.
Frequently asked questions
What rates does Porter Capital charge?
Porter advertises rates as low as 0.4% for clients with higher volumes or stronger credit. Its own invoice factoring page says factoring fees generally run 1% to 5% per month, so ask for your rate and the period it covers in writing.
How much does Porter Capital advance?
Its invoice factoring page says 80% to 90% of the invoice value, while other pages mention up to 90% and up to 95%. The exact figure is set in your proposal.
Does Porter Capital offer non-recourse factoring?
Yes. It offers both recourse and non-recourse factoring. Its non-recourse cover protects against a customer's insolvency, not disputes over goods or services.
Do I have to factor all my invoices with Porter?
No. Its FAQ says you can submit a portion of your invoices and submit them whenever you need cash.
Is Porter Capital the same as Porter Freight Funding?
Porter Freight Funding is Porter Capital's trucking division. This review covers Porter Capital's general business factoring; the freight division has its own profile.