Keep Your Trucks Moving With Fast, Reliable Cash Flow Solutions

At MJN Services, we help trucking companies across Utah, and throughout the United States and Canada solve one of the industry’s biggest headaches: waiting to get paid. Our freight factoring service gives carriers and small fleets immediate access to the cash they’ve already earned, so fuel, payroll, and maintenance never have to wait on long shipper payment cycles. Backed by decades of logistics expertise, trusted partnerships, and a commitment to personal support, we make freight factoring simple, fair, and fast.

Member of transportation finance associations | Compliance-backed processes | Recognized MJN Services brokerage partner

Get Paid Today With Freight Factoring That Works For You

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Service Excellence

Quality Care

Dedicated support and professional expertise from an experienced team.

Same-Day Funding

Quick, reliable cash flow when you need it most.

Complete Support

Your partner in growth, compliance, and success

Why Delaying Cash Flow Costs More Than You Think

Every week you wait on shipper payments, you’re losing opportunities. Fuel cards max out, drivers start looking elsewhere, and growth gets pushed down the road. Some carriers even turn down loads they can’t afford to cover up front. What this really means is lost revenue, missed contracts, and unnecessary stress. Freight factoring isn’t just about covering today’s expenses. It’s about keeping your business competitive tomorrow.

The Benefits of Freight Factoring With MJN Services

✔️ Same-Day Funding

Invoices are processed fast, so you have cash in hand when you need it.

✔️ Transparent Rates

No hidden charges. You’ll always know exactly what you’re paying.

✔️ Back-Office Support

We handle collections, credit checks, and paperwork while you focus on driving.

✔️ Growth-Focused Tools

Our carrier solutions and TMS platform help you manage loads and scale with confidence.

How It Works

Simple, Efficient, Professional

Simple Submission

Submit paperwork before 1 PM MST for same-day funding

Quick Funding

Receive 95% advance via ACH
within a few hours

Professional Settlement

Receive the remaining 5% after customer payment

Trusted Across the USA and Canada

20+ Years of Logistics and Brokerage Expertise
Accredited Member of Industry Associations
Same-Day Invoice Processing Guarantee
Partnerships With Reliable Carriers Across the U.S. and Canada
5-Star reviews From Owner-Operators and Fleets

Our Freight Factoring Services

We provide flexible factoring solutions designed for carriers of all sizes:

Recourse Factoring: Lower cost, works best for carriers with strong credit shippers.
Non-Recourse Factoring: Extra protection when you want us to assume payment risk.
Fuel Advances: Immediate funds to cover trips before delivery.
Invoice Management: Full-service credit checks, invoicing, and collections.
Freight Brokerage + TMS Tools: Streamline shipping and load tracking efficiently.

Get a Free Estimate Or Call us at 801-705-9030

Frequently Asked Questions

Freight factoring is a financial service designed specifically for carriers, owner-operators, and fleets. Instead of waiting 30, 60, or even 90 days for a shipper or broker to pay your invoice, you sell that invoice to a factoring company like MJN Services at a small discount. We then pay you right away, usually the same day. Once your customer pays the invoice, the transaction is settled. The benefit is simple: you get reliable, predictable cash flow without taking on debt or applying for loans.

The cost of freight factoring is typically a small percentage of the invoice value, often between 1% and 5%, depending on factors like load volume, customer creditworthiness, and whether you choose recourse or non-recourse factoring. At MJN Services, we believe in complete transparency. That means no hidden charges, no surprise fees, and clear contracts you can understand. You’ll know upfront what you’re paying and what you’re getting in return. For guidance on choosing the right provider, see our article on 7 critical factors in choosing a freight factoring company.

With MJN Services, most invoices are funded the same day you submit and verify them. That means if you deliver a load in the morning and upload your paperwork, you can often have cash in hand by that afternoon. Speed matters in trucking, and we’ve built our processes around keeping drivers and fleets moving without delays. Learn more about our fast carrier funding in Salt Lake City, UT.

Freight factoring is designed for almost every type of carrier. Independent owner-operators who need steady fuel money, small fleets managing payroll, and mid-sized carriers looking to expand all benefit from factoring. Unlike traditional financing, approval doesn’t hinge on your personal credit. Instead, the focus is on the creditworthiness of your shippers and brokers. That means even new trucking companies can get started right away. See how our premium carrier network in Denver, CO supports carriers across the region.

Yes, but the credit check is focused on your customers, not you. Before we purchase an invoice, we review the credit history of the shipper or broker who owes the payment. This protects you from taking loads with high risk of non-payment and gives us both confidence that the invoice will be paid. For you, this means factoring is accessible even if you’re just starting your business or have limited credit history. Our shipping carrier solutions include this support as part of every partnership.

For small carriers, freight factoring often makes the difference between surviving and thriving. Without it, you might struggle to cover fuel, repairs, and driver pay while waiting weeks for payment. With it, you turn invoices into immediate cash flow. That stability allows you to take on more loads, keep drivers happy, and grow your business without relying on loans or credit cards. Many of our small fleet clients tell us factoring is what helped them scale. Our industry insight resources cover this topic in depth.

Recourse factoring means that if your customer doesn’t pay the invoice, you’ll need to buy it back or replace it with another invoice. It usually comes with lower fees. Non-recourse factoring shifts the risk to the factoring company, meaning we absorb the loss if your customer fails to pay due to credit reasons. Non-recourse typically costs a bit more, but it provides peace of mind, especially when dealing with new or less familiar shippers. MJN Services offers both options, so you can choose what fits your risk tolerance and budget. Explore our freight agent program in Provo, UT, to see how agents benefit from these solutions, too.

Where We Work

MJN Services Inc, PO Box 736
Lehi, UT 84043-1180

MJN Services is headquartered in Lehi, Utah, and proudly serves carriers and freight agents across Utah, the Mountain West, and the entire United States and Canada.

Ready to Get Reliable Freight Factoring?

Proudly serving Lehi and surrounding communities in Utah, MJN Services ensures your business never slows down due to unpaid invoices. Whether you’re an owner-operator or managing a growing fleet, our factoring solutions are built to support your success. Let’s move your business forward together.

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Kamesha S

November 1, 2023

Great Company to Work with.

Jerry Boucher

October 13, 2023

great company to work with,

M & M Stith

October 2, 2023

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.

Victor Paulik

September 29, 2023

Great company to work with. Helpful staff overall Great people.

Risk Advisor

September 15, 2023

MJN Services is a solid operation that truly works to strengthen the trucking industry and has strengthened the trucking industry!

Tony Black

September 11, 2023

Aaron at MJN is fantastic to work. He is always easy to reach and always delivers! I would highly recommend him and MJN.

Angel Valle

September 8, 2023

Very professional people to work with

Jeff Jensen

April 7, 2023

MJN is my trusted Freight partner and has helped my company move very important loads that were critical to our success. Good people running a great company.

Raul Gonzalez

May 21, 2021

Easy straight forward no nonsense