Porter Freight Funding vs. Riviera Finance
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.
In our freight ratings, Riviera Finance scores higher (88.9 vs. 87.1 out of 100). Scores weigh reviews, BBB record, contract flexibility and support — not price.
Terms side by side
| Porter Freight Funding | Riviera Finance | |
|---|---|---|
| Advance rate | Up to 95% [source] | Up to 95% [source] |
| Factoring fee | 1.5% introductory rate for first 60 days (qualifying carriers); flat pricing [source] | Percent of invoice at a pre-determined rate; not published [source] |
| Recourse | Recourse and non-recourse [source] | Non-recourse [source] |
| Contract length | One-year agreement [source] | Six-month standard term, adjustable [source] |
| Termination fee | None with 60 days' notice [source] | Not published |
| Minimum volume | Not published | No monthly minimums [source] |
| Funding speed | Same-day wire, next-day ACH, 24/7 PorterWallet advances [source] | Within 24 hours of receipt for verified invoices on pre-approved customers [source] |
| Fuel program | Fuel card at 2,500+ truck stops; fuel advances up to 50% of load [source] | Fuel card at about 1,800 locations; no set-up or monthly fees [source] |
| Credit checks | Free, unlimited broker credit checks [source] | FastCredit automated approvals 24/7/365 at no extra cost [source] |
| Founded | 2011 [source] | 1969 [source] |
| Headquarters | Birmingham, Alabama [source] | Not published |
| Parent company | Porter Capital [source] | Not published |
| Advertised features | Same-day funding, Fuel advances, Free credit checks | Non-recourse, No minimum volume, Free credit checks, No long-term contract |
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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