Charter Capital 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.

Charter Capital

Bellaire, Texas

Birmingham, Alabama

Editor score 87.1/100 · How we score

	Charter Capital	Porter Freight Funding
Advance rate	Typically 90%, up to 98% [source]	Up to 95% [source]
Factoring fee	From 1%; most clients 1%–3% [source]	1.5% introductory rate for first 60 days (qualifying carriers); flat pricing [source]
Recourse	Not published	Recourse and non-recourse [source]
Contract length	No long-term contracts [source]	One-year agreement [source]
Termination fee	Termination on notice (no lock-in penalty advertised) [source]	None with 60 days' notice [source]
Minimum volume	No minimum invoice volume [source]	Not published
Funding speed	Same day once set up; pricing within 24 hours [source]	Same-day wire, next-day ACH, 24/7 PorterWallet advances [source]
Fuel program	Fuel card for carriers (not offered in California) [source]	Fuel card at 2,500+ truck stops; fuel advances up to 50% of load [source]
Credit checks	Free credit reports on customers [source]	Free, unlimited broker credit checks [source]
Founded	2001 [source]	2011 [source]
Headquarters	Bellaire (Greater Houston), Texas [source]	Birmingham, Alabama [source]
Parent company	Not published	Porter Capital [source]
Advertised features	No long-term contract, Same-day funding, No minimum volume, Free credit checks	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.