If you’re in the trucking business and struggling to stay ahead because payments take 30, 45, or even 60 days to come in, you’re not alone. This post explains how freight factoring—getting paid faster by selling your invoices—can be a smart move for your business.
What Is Freight Factoring?
Factoring is a financial service where a third-party company buys your unpaid freight invoices and pays you upfront.
How it works:
- Haul the load and submit the invoice.
- Receive 80–95% of the invoice value the same or next day.
- The factoring company collects from the broker or shipper.
- You get the remaining balance minus a fee.
Learn more about our freight agent program and how we support logistics professionals.
The Pros of Freight Factoring
- Same-Day Payments – No more 30–60 day waits.
- Steady Cash Flow – Fuel, repairs, and payroll are covered on time.
- Less Admin Stress – Many companies handle invoicing, collections, and credit checks.
- No Debt – You’re not borrowing, just selling what you’re already owed.
- Credit Protection – Good factoring companies help avoid bad clients.
At MJN Services, we’ve helped hundreds of truckers with same-day funding and full back-office support.
When Factoring Makes Sense
- New carriers trying to scale
- Waiting on large invoices from brokers
- Need for fast cash to stay operational
- Desire for admin support without hiring staff
Choosing the Right Factoring Partner
Look for a provider offering:
- Same-day funding
- No long-term contracts
- Transparent fees
- Carrier-first service
- Invoicing and credit check support
Read more on 7 critical factors in choosing a freight factoring company.
MJN Services provides all of the above with personalized service for small and mid-sized carriers.
FAQ
Ready to stop waiting on payments?
MJN Services, Inc. excels as a champion for businesses, providing both freight brokerage and invoice factoring services, across Canada and the United States.
Latest posts by MJN Services (see all)
- Is Factoring Worth It for Trucking? - May 21, 2025
- What Does a Logistics Trucking Company Do? - March 25, 2025
- 7 Critical Factors in Choosing a Freight Factoring Company - February 28, 2025
What our clients say
Our customers' success drives us to improve our service continually. We're grateful for the trust our transportation partners place in us. Their achievements inspire us to deliver excellence every day.
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