BasicBlock vs. Porter Freight Funding
Both serve freight & trucking. Here's how their published terms compare. "Not published" means we couldn't find the figure on the company's own site.
Terms side by side
| BasicBlock | Porter Freight Funding | |
|---|---|---|
| Advance rate | Not published | Up to 95% [source] |
| Factoring fee | Flat 2.5% or less [source] | 1.5% introductory rate for first 60 days (qualifying carriers); flat pricing [source] |
| Recourse | Non-recourse advertised; recourse also described in FAQ [source] | Recourse and non-recourse [source] |
| Contract length | No contracts; close account any time [source] | One-year agreement [source] |
| Termination fee | Not published | None with 60 days' notice [source] |
| Minimum volume | No monthly minimums [source] | Not published |
| Funding speed | Same day by about 4pm CT if submitted before 2pm CT; Instant Pay within 1 hour [source] | Same-day wire, next-day ACH, 24/7 PorterWallet advances [source] |
| Fuel program | Fuel advances up to 50% of the load [source] | Fuel card at 2,500+ truck stops; fuel advances up to 50% of load [source] |
| Credit checks | Unlimited free broker checks [source] | Free, unlimited broker credit checks [source] |
| Founded | 2018 [source] | 2011 [source] |
| Headquarters | Lincoln, Nebraska [source] | Birmingham, Alabama [source] |
| Parent company | Not published | Porter Capital [source] |
| Advertised features | No long-term contract, No minimum volume, Same-day funding, Fuel advances, Non-recourse | Same-day funding, Fuel advances, Free credit checks |
Terms are negotiated. The only way to know what you'd pay is to get quotes for your volume and customers.
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