Loads, Funding, and Real People Who Answer the Phone.
How Factoring Works with MJN
Submit Your Invoice
Send your invoice with bill of lading and rate confirmation before 1:00 PM MST. MJN factors loads from any pre-approved customer.
MJN Reviews and Approves
MJN verifies the load and processes your paperwork the same day. No third-party verification delay.
Get Paid via ACH
MJN issues your ACH payment the same day. Up to 95% of the invoice value upfront. The balance is released when the shipper pays.
Company overview and credentials
MJN Services, Inc. is a freight brokerage and invoice factoring company headquartered in Lehi, Utah, serving owner-operators and small carriers since March 2000. MJN is licensed under FMCSA MC#375676, holds a Truckstop Credit Rating of A and a Transcredit Score of 98.
What Carriers Say About MJN
RoadStar Express
Worked with Curt over the past year and always a great service. Also their payment is always on time!
Jesse Logsdon
Not once have I regretted going with MJN. The people are the easiest to work with, polite and considerate in every way. If I had to choose again, I'd choose MJN and so should you.
M & M Stith
MJN Services has given us the best factor experience that we've ever had. They are personable, thorough, and offer the best rates that we've seen. Doing business with them is a pleasure.
Talk to a real person today.
801-705-9030Frequently Asked Questions
How does MJN factoring work?
Submit your invoice and proof of delivery to MJN by 1:00 PM MST. MJN reviews, approves, and issues your ACH payment the same day. Advance rates up to 95% of the invoice face value. The remaining balance is released when the shipper pays.
What is MJN's factoring rate?
MJN's variable rate starts at 1.5%. A flat rate of 3% for 60 days is also available. The first 30 days are free for new accounts. No hidden fees.
Do I need to haul MJN loads to use factoring?
No. MJN factors invoices for loads hauled for any MJN pre-approved customer, not just loads brokered through MJN. Your shipper must be pre-approved by MJN before the invoice qualifies for factoring.
Is there a long-term contract?
No. MJN's initial factoring agreement is 90 days. You can terminate at any time within the first 90 days without penalty. After the first 90 days, a 30 days written notice is required.
What types of freight does MJN broker?
MJN brokers dry van, flatbed, refrigerated (reefer), and overdimensional freight. We operate throughout the U.S., Canada (brokerage only), and select cross-border lanes.