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)
- What Are the Best Transportation and Logistics Services? - October 16, 2025
- What Is Factoring In Trucking? - September 22, 2025
- What is the Best Factoring Company for Truckers? - September 16, 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.
Vianney92909 Blanca Aguilar
September 17, 2025
Excellent service
mike
July 30, 2025
excellent company,
Evolution Transport
July 18, 2025
Great people, working with them for many years. Highly recommend!
EXTREME POWER SERVICE LLC
June 27, 2025
It was a pleasure working with Matthew and his team! We hope that we will also work with them in the future.
Matthew Foley
June 20, 2025
Reasonable, communicative, and they pay on time. Never had a bad experience quite a few loads in.
Mariaelena Rincon
June 13, 2025
We had a very good experience with them. Matthew was very pleasant and professional. I would recommend it 100.
Klay Pasha
June 6, 2025
They were really professional with everything didn't have problems at pickup or delivery we were in and out just like MJN said. It was a pleasure working with Matthew great company overall Thank you!
Leordan Carli
June 6, 2025
Very friendly and good communication, thank you for working with us
Daxel Díaz
June 5, 2025
I recently had the pleasure of working with MJN, and I can confidently say they exceeded all expectations. From start to finish, the process was smooth, professional, and efficient—thanks in large part to Curt, who was our main point of contact. Curt was incredibly responsive and knowledgeable. He made sure every detail of our flatbed load was handled with precision and care. His communication was clear and timely, and he proactively kept us updated throughout the entire shipment. It’s rare to find someone so dedicated to ensuring everything runs seamlessly. The MJN team clearly values reliability and customer service. Our load was picked up and delivered on time, with no surprises or issues. It’s clear they work with a strong network of carriers and have a deep understanding of the logistics involved in flatbed transport. If you're looking for a trustworthy and professional brokerage to handle your freight, I highly recommend MJN—and be sure to ask for Curt. We’ll definitely be working with them again.
Nicolai Chiciuc
June 5, 2025
Great company! The broker was very polite and helped us to get out of PA! Thank you guys!
RoadStar Express
May 28, 2025
Worked with Curt over the past year and always a great service. Also their payment is always on time!
Logistics Gg
May 28, 2025
Curt is awesome and easy to work with.
Mike Scott
May 27, 2025
I worked today with one of your broker Curt and His service was awesome. He held the load for us longer than usual. He was polite in communication and smart enough to make us fill out the setup. I'd love to work again with him.
M & S TRANSPORTATION SERVICES LLC
May 24, 2025
Un un excelente servicio muy buena. Comunicación.
Francisco Sanchez
May 23, 2025
Mjn is a factoring co. And there’s no other they are nice friendly and very patient with me and always willing to help me
Kanwar Sikand
May 23, 2025
We had an excellent experience working with MJN, especially with John. He was highly supportive and responsive throughout the process. We would be pleased to continue our cooperation with them in the future.
Andy T
May 23, 2025
Curt is awesome to work with. He is always willing to help out.
Ja Transport
May 23, 2025
Is one off the small factory company's. Don't have to keep calling each time I finish a job.always on time. Customer service is exceptional. No a link were you have to download paper work forcing to use computer. It's simple and easy way to keep your business running.
Jesse Logsdon
May 22, 2025
Not once have regretted going with MJN. The people are the easiest to work with let alone polite and considerate in every way shape or form. If I had to chose again I’d chose MJN and so should you
James Briggs
May 22, 2025
MJN Services has been a great company to work with. Factoring services and they have a load board! Super great company and we love working with them!
Gustavo Castro
May 22, 2025
I just love the way they attend to us they are friendly and nice and have all the patience with me thank you Delfa Miriam and Annabell for taking care of us
Tim Barton
May 7, 2025
It was a pleasure to work with John Weig Looking forward to work with you in future
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.
Perry Troyer
September 20, 2021
Taco's!!!!!!
Raul Gonzalez
May 21, 2021
Easy straight forward no nonsense