Submit by 1:00 PM MST. Funded the Next Business Day.
Advance rates as high as 98%. Rates as low as 1.5% for the first 20 days. No hidden fees.
Apply for Factoring- Advance Rates to 98%
- Rates as Low as 1.5%
- Next-Day ACH Funding
- Since March 2000
Factoring Rates
First 20 Days
Flat fee for the first 20-day period. No hidden fees, no surprise charges. Advance rates as high as 98%, depending on shipper credit and load volume.
Each Additional 15 Days
Additional 1.0% applied per each subsequent 15-day period if the shipper has not paid. Rate clock stops when shipper pays.
Factoring is provided on a recourse basis. Contact MJN Services to discuss contract terms.
How It Works
Haul the Load
Pick up and deliver a load brokered through MJN Services. Any MJN load qualifies for factoring through MJN.
Submit Your Invoice
Send your invoice and proof of delivery before 1:00 PM MST. MJN already has the load details on file — no third-party verification needed.
Get Funded the Next Business Day
Funds arrive via ACH the next business day — advance rates as high as 98% of the invoice face value. The balance is held in reserve and released when the shipper pays.
Factoring FAQ
What is MJN's factoring rate?
MJN's factoring fee is 1.5% for the first 20 days. If the invoice is not paid by day 20, an additional 1.0% applies for each subsequent 15-day period. No hidden fees — one rate, one relationship.
How fast do I get paid after submitting an invoice?
Submit your invoice (with bill of lading and rate confirmation) before 1:00 PM MST on the day of delivery. MJN sends the ACH the next business day — advance rates as high as 98% of the invoice face value. If submitted after 1:00 PM MST, the ACH arrives the following business day.
What is the advance rate?
MJN advances up to 98% of the invoice face value when you submit. The remaining balance is held in reserve until the shipper pays the full invoice amount, then released to you (less the factoring fee). Advance rates depend on shipper credit and load volume.
What is recourse factoring — and does it affect me as a carrier?
Recourse factoring means that if the shipper does not pay within the agreed period, you (the carrier) buy the invoice back from MJN. In practice, MJN works with shippers it knows — reducing the chance of a non-paying shipper. Contact MJN to discuss recourse terms and period before signing.
Are there contract minimums or exit fees?
Contact MJN to discuss contract terms — we will answer your questions directly before you sign anything.
Apply to Factor Today — Submit by 1:00 PM MST, Funded the Next Business Day.
Submit your invoice before 1:00 PM MST. Funds arrive via ACH the next business day — advance rates as high as 98% of the invoice face value. No third-party verification because MJN moved the freight.