# MJN Services > MJN Services, Inc. is a freight brokerage and invoice factoring company founded in March 2000, headquartered in Lehi, Utah. The company holds FMCSA Authority MC#375676 and DOT#2225907, and serves carriers, owner-operators, independent freight agents, and shippers across the United States and Canada (brokerage). ## Core Services - [Freight Brokerage](https://www.mjnservices.com/shipping): Licensed since March 2000 under MC#375676. FTL, LTL, expedited, and specialized freight. 127,000+ loads brokered since March 2000. 39,000 vetted carriers in network as of 2026. - [Invoice Factoring for Carriers](https://www.mjnservices.com/factoring): Advance rates up to 95%. Rates as low as 1.5% variable or 3% flat for 60 days; first 30 days free. Submit your invoice by 1:00 PM MST and MJN issues your ACH the same day. Recourse factoring for all approved invoices; non-recourse available for approved debtors in cases of shipper bankruptcy. No ACH, credit reporting, or invoice processing fees. - [Carrier Services](https://www.mjnservices.com/carrier): Daily load postings. Carriers can haul MJN loads and factor the same invoice through MJN, with no dual-company credit chase or verification delay. - [Freight Agent Program](https://www.mjnservices.com/agents): Independent agents operate under MJN's MC authority. MJN handles carrier packets, insurance verification, credit checks, billing, and load tracking. Weekly direct deposit. No territory restrictions. ## Company - Entity: MJN Services, Inc. - Founded: March 2000 - FMCSA Authority: MC#375676 - USDOT: 2225907 - Address: 3300 N Triumph Blvd, Suite 100, Lehi, UT 84043 - Phone: 801-705-9030 - Email: info@mjnservices.com - Structure: Family-owned - Leadership: Michael Jardine (President), Nancy Jardine, Aaron Jardine, Steven Jardine - Truckstop Credit Rating: A - Transcredit Score: 98 ## Resources - [About MJN Services](https://www.mjnservices.com/about-us): Company history, leadership bios, credentials, physical address - [Carrier Services Overview](https://www.mjnservices.com/carrier): Loads, factoring, and fuel advances for carriers in one place - [Reviews](https://www.mjnservices.com/reviews): Testimonials from agents, carriers, and shippers - [Blog](https://www.mjnservices.com/blog): Freight brokerage, factoring, and trucking industry articles - [Contact](https://www.mjnservices.com/contact-us): Contact form, phone, and address - [Privacy Policy](https://www.mjnservices.com/legal/privacy-policy): Data handling and privacy --- ## Freight Brokerage & Invoice Factoring | MJN Services -- https://www.mjnservices.com/ ### Freight Brokerage & Invoice Factoring | MJN Services Haul Our Loads. Your Invoice. Your Money. Fast. Submit your invoice by 1:00 PM MST. MJN Services processes your paperwork and initiates payment the same day. ### How It Works 1. Sign Up: Submit your carrier docs and get approved. 2. Haul the Load: Pick up and deliver any freight. 3. Get Paid Fast: Submit your invoice by 1 PM MST. MJN processes it and initiates payment the same day. Are you a freight agent or shipper? ### Stats - 127,000+ Loads Brokered - 26,000+ Loads Funded - 39,000 Approved Carriers - 25+ Years in Business ### Trusted Freight & Factoring Partner Since 2000 - 25+ Years in Business (Since 2000) - 127,000+ Loads Brokered (Since March 2000) - 26,000+ Loads Funded (Invoice factoring) - 39,000 Approved Carriers (Active network) - Same-Day Processing (Submit by 1 PM MST) - A Truckstop Rating (Credit Rating: A) - MC#375676 FMCSA Licensed (Federal authority) ### Loads and funding from one company. MJN brokers freight and factors invoices. Haul our loads, submit your invoice before 1 PM MST, and MJN processes it the same day. One relationship. One contact. No chasing two companies for your money. ### What Our Clients Say About MJN **M & M Stith** (October 2, 2023, 5 stars): 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. **RoadStar Express** (May 28, 2025, 5 stars): Worked with Curt over the past year and always a great service. Also their payment is always on time! **Jesse Logsdon** (May 22, 2025, 5 stars): 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. MC#375676 | FMCSA Licensed | Truckstop Credit Rating: A | Transcredit Score: 98 | Lehi, UT ### Frequently Asked Questions **How does ACH funding work?** Submit your invoice and required documents to MJN by 1:00 PM MST. MJN reviews and processes your paperwork the same day and initiates payment immediately. Because MJN moved the freight, there is no third-party verification delay. **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. **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. --- ## About MJN Services | Family-Owned Freight Broker Since 2000 | Lehi, UT -- https://www.mjnservices.com/about-us ### Family-Owned Freight Brokerage and Factoring Company Since March 2000. Established in Lehi, Utah. Licensed under FMCSA MC#375676. Over 127,000 loads brokered in 25 years of operation. Family-Owned Since 2000 | MC#375676 | 25+ Years Serving Carriers | 127,000+ Loads Brokered Established in March 2000, MJN Services is a family-owned freight brokerage and factoring company headquartered in Lehi, Utah. We haul loads. We fund carrier invoices, because MJN handles the freight and the funding from one company, and has done so for 25 years. Licensed under FMCSA MC#375676. 127,000+ loads brokered. 39,000 carriers served. ### Company History MJN Services, Inc. was founded in March 2000 by Michael Jardine. From the start, the mission was to provide freight brokerage and invoice factoring from one relationship. Carriers and agents would not need to manage two separate companies to move freight and get paid. The company remains family-owned. Michael, Nancy, Aaron, and Steven Jardine each hold specific operational roles. The same four principals who started the business are still running it. That continuity is not common in freight brokerage. It is a direct indicator of the financial stability and personal accountability that agents, carriers, and shippers rely on. ### Leadership **Michael Jardine | Founder and President** - 40+ years of business expertise - Master's degree in Accounting - 25+ years in transportation and freight brokerage - Personal credit rating maintained at 800+ **Nancy Jardine | Co-Founder and CFO** - 40 years of accounting experience - 25+ years in transportation and freight brokerage - Military background **Aaron Jardine | Risk Management** - 23 years in risk management - Oversees carrier vetting, credit evaluation, and compliance **Steven Jardine | Logistics and Customer Service** - 23 years in logistics - 26 years in computer science - Manages day-to-day operations and client relationships ### Credentials - FMCSA Authority: MC#375676. Licensed freight broker since March 2000 - Truckstop Credit Rating: A | Transcredit Score: 98 - 127,000+ Loads Brokered since March 2000 - 39,000 Approved Carriers in our network - Leadership 800+ Credit Scores. Personal financial stability backing the business ### Location Headquarters: 3300 N Triumph Blvd, Suite 100, Lehi, UT 84043-5046 Mailing: PO Box 736, Lehi, UT 84043-1180 Phone: 801-705-9030 ### Work with MJN Services. Carriers, agents, and shippers have relied on MJN Services since March 2000. One company, one relationship, 25 years of freight and funding. --- ## Freight Agent Program | Earn Commission Brokering Freight | MJN Services -- https://www.mjnservices.com/agents ### Run your freight agency under MJN's authority. We handle the back office. You handle the bookings. No office lease. No compliance overhead. No carrier credit checks on your tab. Commission pays weekly by direct deposit on picked-up loads. Commission Paid Weekly | No Territory Restrictions | Since March 2000 | MC#375676 ### What MJN Handles for You Running a freight agency through MJN Services means keeping your book of business without building the infrastructure from scratch. MJN provides the TMS, the carrier relationships, and the back-office support. You bring the shippers. - Carrier packet processing: MJN onboards and vets carriers on the agent's behalf, including carrier authority and safety rating verification. - Insurance certificates: MJN maintains and provides certificates of insurance for carriers. Agents are not responsible for carrier insurance compliance. - Credit checks on shippers and carriers: MJN runs credit checks so agents do not take on bad-debt risk directly. - Freight billing and invoicing: MJN handles the billing cycle. Agents focus on load booking, not invoice management. - Load tracking: MJN monitors active loads so agents are not solely responsible for shipment visibility. - TMS and load board access: MJN provides access to our dispatch software and load boards. ### Commission Structure Keep the majority of your commissions while MJN Services handles the back office. No office overhead, no compliance costs, no carrier credit checks on your tab. Keep more of what you earn. Commission pays weekly by direct deposit on picked-up loads. Contact MJN Services to discuss commission structure and specific split details. ### Holdback Policy MJN Services maintains a transparent commission structure. Contact us directly to discuss holdback policy and commission terms. ### Why Agents Work with MJN - Operate under MJN's FMCSA freight broker authority (MC#375676). No separate MC number or bond required. - MJN Services has operated since March 2000. 25 years of carrier relationships and industry credibility behind your name. - 39,000 approved carriers in MJN's network. You are not building carrier relationships from zero. - Truckstop Credit Rating: A | Transcredit Score: 98. Your shipper clients and carriers see that when they look up MJN. ### What People Say About Working with MJN **Tony Black** (September 11, 2023, 5 stars): Aaron at MJN is fantastic to work. He is always easy to reach and always delivers! I would highly recommend him and MJN. **Jeff Jensen** (April 7, 2023, 5 stars): 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. **Victor Paulik** (September 29, 2023, 5 stars): Great company to work with. Helpful staff overall Great people. ### Agent Program FAQ **What does MJN provide versus what does the agent handle?** MJN provides the freight broker authority (MC#375676), a proprietary TMS platform, DAT and Truckstop.com load board access, carrier packet processing, insurance certificates, credit checks, and freight billing. The agent provides the shipper relationships and books the loads. Agents keep the majority of commissions. MJN absorbs the overhead. **How are commissions paid?** Commissions pay weekly by direct deposit on picked-up loads. When the carrier picks up the freight and the load is confirmed, commission is processed and paid the following weekly cycle. **Do I need my own MC number or freight broker authority to work as an MJN agent?** No. Agents operate under MJN's existing FMCSA freight broker authority (MC#375676). You do not need to obtain your own MC number or maintain your own bond. MJN's authority and insurance cover the agency relationship. **What technology does MJN provide to agents?** MJN provides access to a proprietary TMS for posting and tracking loads, plus DAT and Truckstop.com load board access. Contact MJN directly during your onboarding conversation to discuss platform details. ### Join the MJN Agent Network. Apply to the MJN agent program and run your freight agency under MJN's authority. Commission pays weekly. No office overhead, no compliance costs, no carrier credit checks on your tab. --- ## Carrier Services | Loads & Invoice Factoring for Truckers | MJN Services -- https://www.mjnservices.com/carrier ### MJN Services posts loads daily. Factor your invoice through us and get funded fast. Advance rates as high as 95%. Rates as low as 1.5%. One company handles your loads and your funding, since March 2000. MC#375676 | Advance Rates to 95% | Rates as Low as 1.5% | Since March 2000 ### Haul our loads. Get funded fast. Carriers who haul MJN Services loads can factor their invoices through MJN at the same time: no separate application, no second company, no verification delay. MJN skips that step entirely, because MJN moved the freight. Submit your invoice by 1:00 PM MST and MJN processes it the same day, with advance rates as high as 95% of the invoice face value. The balance is held in reserve until the shipper pays, then released to you. Rates as low as 1.5%. First 30 days free. ### Carrier Services **Load Access** MJN Services posts loads across the country. Carriers with authority to haul in MJN's network can browse and book available freight, including FTL and LTL lanes nationwide. **Invoice Factoring | Get Funded Fast** Deliver your load, submit the invoice before 1:00 PM MST, and MJN processes it the same day. Advance rates as high as 95% of the invoice face value. MJN handles both the load and the funding. **Fuel Advances** Fuel advances available for qualified carriers, up to 40% of the load value. **Carrier Packet Support** MJN manages carrier onboarding documentation: authority verification, insurance requirements, and compliance records. Carriers are not responsible for managing their own packet on MJN's system. ### How to Get Started 1. Contact MJN: Call 801-705-9030 or submit your carrier packet. MJN verifies your FMCSA authority, insurance, and safety rating. 2. Get Approved: Most carriers are set up and receiving loads within a few business days once documentation is confirmed. No cost to haul loads through MJN. 3. Haul and Get Funded: Deliver the load. Submit your invoice by 1:00 PM MST and MJN processes it the same day. Advance rates as high as 95% of the invoice face value. ### Why Carriers Work with MJN - MJN Services has brokered more than 127,000 loads since March 2000, providing consistent lane coverage for owner-operators and fleets. - 39,000 approved carriers in MJN's network. You are not starting from scratch with a broker who does not know your equipment. - Truckstop Credit Rating: A | Transcredit Score: 98. Carriers know MJN pays. - Family-owned since March 2000. FMCSA authority MC#375676. You deal with the same people who have run this business for 25 years. ### What Carriers Say About MJN **Matthew Foley** (June 20, 2025, 5 stars): Reasonable, communicative, and they pay on time. Never had a bad experience quite a few loads in. **Evolution Transport** (July 18, 2025, 5 stars): Great people, working with them for many years. Highly recommend! **Mike Scott** (May 27, 2025, 5 stars): 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. ### Carrier FAQ **How do I get set up as a carrier with MJN?** Contact MJN at 801-705-9030 or submit a carrier packet. MJN will verify your FMCSA authority, insurance, and safety rating before placing loads. Most carriers can be set up and receiving loads within a few business days once documentation is confirmed. **What types of loads does MJN have? What lanes do you cover?** MJN brokers freight across the country for FTL and LTL loads. Lane coverage varies by shipper demand. MJN has brokered more than 127,000 loads since March 2000 across a national shipper network. Call 801-705-9030 to discuss current lane availability for your equipment and region. **How does same-day ACH payment work through MJN?** If you factor your invoice through MJN, submit the invoice (with bill of lading and rate confirmation) before 1:00 PM MST on the day of delivery. MJN issues the ACH the same day, with advance rates up to 95% of the invoice face value. The remaining balance is held in reserve until the shipper pays, then released to you. Because MJN assigned the load, there is no separate verification delay. **Is there a cost to work with MJN as a carrier for loads?** There is no cost to haul loads for MJN. Carriers receive pay at the agreed rate per load. If you choose to factor your invoices through MJN, a factoring fee applies (starting at 1.5%, with a 30-day free trial). Factoring is optional. Carriers can use MJN for loads and arrange their own payment timing. ### Start Hauling with MJN Services. Submit your carrier packet to get set up. Once approved, haul loads and factor your invoices through MJN. One company handles both. --- ## Carrier Invoice Factoring | Rates from 1.5% | MJN Services -- https://www.mjnservices.com/factoring ### Submit by 1:00 PM MST. Get funded fast. Advance rates as high as 95%. Rates as low as 1.5%. First 30 days free. Simple, published rates. Advance Rates to 95% | Rates as Low as 1.5% | Same-Day Processing | Since March 2000 ### Factoring Rates **First 30 Days Free** No factoring fees during your first 30 days. Rates are published in writing. Advance rates as high as 95%, depending on shipper credit and load volume. **1.5% Variable / 3% Flat** After the free trial, choose variable rates starting at 1.5% or flat 3% for 60 days. Rate clock stops when the shipper pays. Factoring is provided on a recourse basis. Contact MJN Services to discuss contract terms. ### How It Works 1. Haul the Load: Pick up and deliver a load for an MJN pre-approved shipper. If you have a factoring agreement with MJN, your invoices for these loads qualify. 2. 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. 3. Get Funded Fast: MJN processes your invoice the same day. Advance rates as high as 95% of the invoice face value. The balance is held in reserve and released when the shipper pays. ### What Carriers Say About MJN Factoring **M & M Stith** (October 2, 2023, 5 stars): 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. **James Briggs** (May 22, 2025, 5 stars): 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! **Francisco Sanchez** (May 23, 2025, 5 stars): 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 ### Factoring FAQ **What is MJN's factoring rate?** MJN offers variable rates starting at 1.5% or flat 3% for 60 days. Your first 30 days are free. Rates are published in writing. 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 issues the ACH the same day, with advance rates up to 95% of the invoice face value. If submitted after 1:00 PM MST, MJN issues the ACH the next business day. **What is the advance rate?** MJN advances up to 95% 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 (generally 60 days), you (the carrier) buy the invoice back from MJN. In practice, MJN works with pre-approved shippers it knows, reducing the chance of a non-paying shipper. Non-recourse factoring is available for approved debtors in cases of shipper bankruptcy. Contact MJN to discuss recourse terms before signing. **Are there contract minimums or exit fees?** The initial factoring agreement is 90 days. You can cancel anytime during the first 90 days without penalty. After the initial term, 30-day written notice is required to terminate. Contact MJN to discuss contract details. We answer your questions directly before you sign anything. ### Apply to Factor Today. Submit by 1:00 PM MST, Processed the Same Day. Submit your invoice before 1:00 PM MST and MJN processes it the same day. Advance rates as high as 95% of the invoice face value. No third-party verification because MJN moved the freight. --- ## Freight Shipping | FTL, LTL & Oversized Loads | MJN Services -- https://www.mjnservices.com/shipping ### MJN Services | Licensed Freight Broker Since March 2000. 127,000+ Loads Brokered. FTL, LTL, expedited, and specialized freight across 39,000 vetted carriers. Request a quote. MJN responds the same business day. MC#375676 | 127,000+ Loads Brokered | 39,000 Approved Carriers | Since March 2000 ### Freight Services **FTL | Full Truckload** For shipments that fill an entire trailer. MJN Services dedicates a truck to your freight for direct delivery with no intermediate stops. **LTL | Less-than-Truckload** For shipments that do not fill a full trailer. Your freight shares space with other shippers' cargo, with pricing based on the space you use. **Expedited Freight** For time-critical shipments that cannot wait for standard transit schedules. MJN Services prioritizes routing and carrier assignment for priority or next-day movement. **Specialized Freight** For freight requiring special handling: oversized loads, over-dimensional cargo, flatbed, refrigerated, or heavy haul. MJN matches freight requirements to carriers with the appropriate equipment and permits. ### How MJN Services Vets Every Carrier MJN Services is a licensed freight broker operating under MC#375676. We have brokered more than 127,000 loads since March 2000 using a carrier network of 39,000 vetted operators. Every carrier in our network passes a standard qualification process before they handle freight: - FMCSA authority check: we verify carrier operating authority and confirm it is active. - Insurance verification: we confirm minimum cargo and liability coverage before assignment. - Safety rating review: FMCSA safety rating is reviewed; carriers with unsatisfactory ratings are not placed. - Carrier packet: MJN maintains current carrier agreements and compliance documentation on file. A carrier who fails any of these checks does not handle your freight. When a carrier falls short, whether damaged goods, late delivery, or communication failure, you call MJN. We do not route you to a dispatch line that does not know your account. ### Why Shippers Work with MJN Services - MJN Services has brokered more than 127,000 loads since March 2000, with 25 years of carrier relationships and lane experience. - 39,000 vetted carriers. Every carrier passes FMCSA authority, insurance, and safety checks before placement. - Licensed under FMCSA MC#375676. Truckstop Credit Rating: A. Transcredit Score: 98. Family-owned since 2000. - When something goes wrong, you call MJN directly, not a dispatch line that does not know your account. ### Request a Freight Quote Call MJN Services at 801-705-9030 or complete the form below to get a freight quote. Submit your load details: origin, destination, freight type, and approximate weight or dimensions. That is enough to get you a preliminary quote. MJN responds the same business day. ### Shipping FAQ **What types of freight does MJN Services handle?** MJN Services handles FTL (full truckload), LTL (less-than-truckload), expedited freight, and specialized freight including oversized loads, flatbed, refrigerated, and heavy haul. If you are unsure whether your freight type fits, call 801-705-9030. We respond the same business day. **How do I know the carrier handling my freight is vetted and insured?** Every carrier in MJN's network passes an FMCSA authority check, insurance verification, safety rating review, and carrier packet process before they handle any freight. MJN has maintained this vetting standard across 39,000 carrier relationships since March 2000. **How long does it take to get a freight quote from MJN Services?** Submit your load details (origin, destination, freight type, and approximate weight) and we respond the same business day. For urgent or time-sensitive freight, call 801-705-9030 directly for faster response. ### Get a Freight Quote from MJN Services. Submit your load details: origin, destination, freight type, and approximate weight. MJN responds the same business day. --- ## Freight Brokerage & Factoring Services | MC#375676 | MJN Services -- https://www.mjnservices.com/carrier ### Freight Brokerage and Invoice Factoring: From One Company MJN Services has operated as a licensed freight broker (MC#375676) and a factoring company since March 2000. One application. One relationship. Both sides of the freight business. ### Freight Brokerage (MC#375676) MJN has matched shippers with qualified carriers across every major freight mode since March 2000. Licensed under MC#375676, MJN operates as a federally authorized property broker under FMCSA oversight. Our network of 39,000 vetted carriers covers all 48 contiguous states and Canada (brokerage only). Every carrier in the network is verified in real time for authority, insurance, safety status, and fraud risk before being assigned a load. #### Freight Modes We Cover - Full Truckload (FTL): dedicated capacity for full-trailer shipments - Less Than Truckload (LTL): shared trailer space for smaller freight - Refrigerated (Reefer): temperature-controlled transport for perishables - Flatbed: open-deck transport for oversized or heavy loads - Over-Dimensional and Heavy Haul: permitted loads exceeding standard size or weight limits MJN's Truckstop Credit Rating is A. Transcredit Score: 98. Carriers and shippers can verify MJN's authority at any time through the FMCSA public portal using MC#375676. ### Invoice Factoring for Carriers MJN provides invoice factoring to carriers hauling loads for MJN pre-approved customers, both MJN loads and outside loads. Factoring converts your freight invoices into working capital without waiting 30 to 90 days for shipper payment. #### Factoring Terms - Advance rates as high as 95% of the invoice face value, depending on shipper credit and volume - Rates as low as 1.5% variable or 3% flat for 60 days; first 30 days free - 1:00 PM MST cutoff: submit your invoice by 1:00 PM MST and MJN processes it the same day - Fuel advances available for qualified carriers, up to 40% of the load value - Recourse factoring: contact MJN to discuss contract terms and reserve release schedule Submit your invoice by 1:00 PM MST and MJN processes it the same day, subject to document review. MJN has funded 26,000+ loads through factoring since 2000. ### Why One Company for Both Services Most factoring companies spend time verifying that the load was real before paying an invoice. They call the broker, check the rate confirmation, and wait for shipper acknowledgment. MJN skips that step entirely, because MJN moved the freight. When MJN dispatched the load, MJN has the rate confirmation, the BOL, and the shipper relationship. There is no verification delay. No third party to call. No waiting for another company to confirm what MJN already knows. #### The One-Company Advantage - One application for both brokerage and factoring services - No cross-company verification: MJN already has the load details - One contact for dispatch questions, payment status, and paperwork - Since March 2000: not a startup, not a tech overlay, not a middleman - 127,000+ loads brokered across 25+ years of operations MJN Services, Inc. is a licensed freight broker and factoring company operating under MC#375676 with USDOT#2225907. Headquartered in Lehi, Utah, MJN has served carriers, agents, and shippers across the continental United States since March 2000. ### One company. Freight brokerage and invoice factoring. MC#375676. Licensed since March 2000. 39,000 approved carriers. Advance rates as high as 95%. --- ## Google Reviews | MJN Services Freight Broker & Factoring -- https://www.mjnservices.com/reviews ### Our Customer Reviews Five-star Google reviews from carriers, agents, and shippers. **Vianney92909 Blanca Aguilar** (September 17, 2025, 5 stars): Excellent service **mike** (July 30, 2025, 5 stars): excellent company, **Evolution Transport** (July 18, 2025, 5 stars): Great people, working with them for many years. Highly recommend! **EXTREME POWER SERVICE LLC** (June 27, 2025, 5 stars): 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, 5 stars): Reasonable, communicative, and they pay on time. Never had a bad experience quite a few loads in. **Mariaelena Rincon** (June 13, 2025, 5 stars): We had a very good experience with them. Matthew was very pleasant and professional. I would recommend it 100. **Klay Pasha** (June 6, 2025, 5 stars): 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, 5 stars): Very friendly and good communication, thank you for working with us **Daxel Diaz** (June 5, 2025, 5 stars): 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, 5 stars): Great company! The broker was very polite and helped us to get out of PA! Thank you guys! **RoadStar Express** (May 28, 2025, 5 stars): Worked with Curt over the past year and always a great service. Also their payment is always on time! **Logistics Gg** (May 28, 2025, 5 stars): Curt is awesome and easy to work with. **Mike Scott** (May 27, 2025, 5 stars): 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, 5 stars): (Translated by Google) Excellent service, very good communication. (Original) Un un excelente servicio muy buena. Comunicacion. **Francisco Sanchez** (May 23, 2025, 5 stars): 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, 5 stars): 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, 5 stars): Curt is awesome to work with. He is always willing to help out. **Ja Transport** (May 23, 2025, 5 stars): 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, 5 stars): 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, 5 stars): 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, 5 stars): 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, 5 stars): It was a pleasure to work with John Weig Looking forward to work with you in future **Kamesha S** (November 1, 2023, 5 stars): Great Company to Work with. **Jerry Boucher** (October 13, 2023, 5 stars): great company to work with, **M & M Stith** (October 2, 2023, 5 stars): 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, 5 stars): Great company to work with. Helpful staff overall Great people. **Risk Advisor** (September 15, 2023, 5 stars): 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, 5 stars): 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, 5 stars): Very professional people to work with **Jeff Jensen** (April 7, 2023, 5 stars): 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, 5 stars): Easy straight forward no nonsense ### Work with a freight company you can verify. MC#375676. Licensed since March 2000. Freight brokerage and invoice factoring from one company. --- ## Contact MJN Services | Call 801-705-9030 | Lehi, UT -- https://www.mjnservices.com/contact-us ### Contact MJN Services Call us at 801-705-9030 or send us a message below. ### Reach Us Directly Phone: 801-705-9030 Location: Lehi, Utah ### Send a Message Use the contact form to reach MJN Services for freight brokerage, invoice factoring, carrier services, or the agent program. --- ## 7 Critical Factors in Choosing a Freight Factoring Company -- https://www.mjnservices.com/blog/7-critical-factors-in-choosing-a-freight-factoring-company When you're in the freight industry, cash flow is the lifeblood that keeps your operations moving forward. We know that when payments are delayed, your entire business can come to a grinding halt. That's why choosing the right freight factoring company is so critical. You deserve a partner who not only understands your unique challenges but also offers the financial support and cutting-edge technology you need to thrive. Let's dive deep into the seven critical factors you must consider when evaluating freight factoring companies, ensuring you choose the best factoring company for your needs - especially if you're operating in Utah or anywhere else. We're here to help you make an informed decision. We will walk you through the essentials, sharing insights and actionable tips to empower you. Whether you're an owner-operator, a small trucking company, or part of a growing fleet, our goal is to equip you with the knowledge to choose a factoring partner that will boost your cash flow, simplify your operations, and drive your success. ### 1. Industry Experience You want to work with a factoring company that truly understands the freight industry. Experience is not just about the number of years a company has been in business - it's about the depth of knowledge and the proven track record in solving real-world challenges. When assessing a company's experience, consider the following: - Years in Operation: Look for companies with a long history in the industry. They have likely weathered economic ups and downs and refined their processes over time. - Client Portfolio: A diverse portfolio that includes small to mid-size trucking companies, owner-operators, and growing fleets is a strong indicator of industry expertise. - Specialization: Some companies specialize in freight factoring, while others may offer a range of financial solutions. Ensure the company you choose focuses on your specific needs. When you partner with a factoring company that has substantial industry experience, you gain the advantage of working with experts who understand your challenges. They know what it takes to keep your cash flow steady and your operations efficient. At MJN Services, Inc., we have built our reputation by offering tailored solutions that cater to your unique circumstances. Our deep industry roots mean we speak your language and know exactly how to address your pain points. ### 2. Funding Speed In the fast-paced world of freight, you cannot afford to wait for days or even weeks for your payments to be processed. Funding speed is one of the most critical factors to consider. Here's why: - Same-Day Funding: MJN issues your ACH the same day when paperwork is submitted before 1 PM MST, with advance rates up to 95%, keeping your operations running without interruption. - Efficiency of Processes: Look for companies that have streamlined their internal processes. Efficient, automated systems can reduce processing times and improve overall funding speed. - Reliability: Consistent funding turnaround builds trust. You need to know that the company will always deliver on its promise of quick cash flow. When you choose a factoring company that prioritizes speed, you're ensuring that your business never comes to a standstill. You can seize opportunities as they arise without worrying about a cash crunch. We are committed to making sure you have the funds you need, exactly when you need them. Fast funding translates directly into a more resilient business. ### 3. Fee Structure We understand that hidden fees and complicated pricing models are a major concern for you. Transparency in pricing is essential when you're choosing a factoring partner. Here's what you need to know about fee structures: - Clear and Simple Fees: The best factoring companies publish their fee structure in writing. For instance, a clear arrangement might combine a free trial period upfront with variable rates starting around 1.5% or a flat rate for a defined window, all spelled out in the agreement. - Upfront Information: Ensure that all fees are disclosed upfront so that you're never caught off guard by unexpected costs. - Comparative Costs: When comparing different factoring companies, it's important to look beyond the advertised rates. Ask for a detailed breakdown of all associated costs. A transparent fee structure not only saves you money in the long run but also builds trust between you and your factoring partner. We believe that clear pricing is the foundation of a lasting relationship. You deserve to know exactly what you're paying for, and we ensure that our fees are as straightforward as our commitment to your success. ### 4. Customer Support When you're running a trucking business, you need a factoring partner who stands by you every step of the way. Excellent customer support can make all the difference. Here's what to look for: - Dedicated Account Management: You should have a dedicated account manager who understands your business and can quickly resolve any issues. - Responsive Communication: Quick, clear, and helpful communication is critical. Whether you have a billing question or need assistance with documentation, responsive support is key. - Value-Added Services: Look for companies that offer more than just funding. Additional services like unlimited free credit checks, risk management expertise, and claims consultation can add immense value. When you have strong customer support, you're not alone in your journey. We are here to ensure that you feel supported every step of the way. You can rely on our expertise and our friendly, knowledgeable team to guide you through any challenges. Exceptional customer support not only streamlines your operations but also gives you the confidence to focus on what matters most - growing your business. ### 5. Technology Platform We live in a digital age, and the technology your factoring company uses can significantly impact your experience. The right technology platform can streamline your operations and give you real-time insights into your cash flow. Consider these aspects: - State-of-the-Art TMS Software: A robust Transportation Management System (TMS) simplifies freight management and reduces administrative burdens. - User-Friendly Interface: The system should be easy to navigate, allowing you to quickly access the information you need. - Real-Time Updates: Having a platform that provides regular updates on your funding and invoicing status is invaluable. - Integration Capabilities: The technology should seamlessly integrate with your existing systems, making it easier to manage your operations efficiently. A modern technology platform empowers you to take control of your finances and operations. It allows you to monitor your progress and make informed decisions quickly. We invest in advanced technology to ensure that our partners have the tools they need to succeed. When you choose a factoring company with a strong technological backbone, you're setting yourself up for long-term success. ### 6. Reputation & Trust Choosing the right freight factoring company is not just about numbers - it's also about trust. You need to work with a company that has a solid reputation and a history of satisfied customers. Here's how to evaluate reputation and trust: - Client Testimonials and Case Studies: Look for detailed reviews from other trucking companies. Real-life stories can give you a clear picture of how the company performs. - Industry Recognition: Awards, certifications, and memberships in industry associations are indicators of a company's credibility. - Word-of-Mouth: Don't underestimate the power of recommendations from peers. If other trucking professionals in Utah or beyond are raving about a company, it's a strong signal that they deliver on their promises. - Consistency: A company with a track record of reliable funding and consistent customer service is one you can trust for the long haul. When you work with a factoring company that is respected in the industry, you're investing in your own peace of mind. You want a partner who is known for its reliability. With our reputation built on years of dedicated service, we strive to be the best factoring company you can rely on. Our consistent performance and unwavering commitment to our clients speak for themselves. ### 7. Flexibility & Customization Every trucking business is unique, and your financing needs may vary from one operation to another. That's why flexibility and customization are essential factors to consider. Here's what to look for: - Tailored Solutions: The best factoring companies offer customized solutions that cater to your specific cash flow needs and operational challenges. - Scalability: As your business grows, your factoring partner should be able to scale their services to meet your evolving requirements. - Adaptability: Look for a company that is willing to adapt its processes and services based on your feedback and changing market conditions. - Contract Flexibility: Flexible contract terms can make a big difference. You should have the option to adjust your agreement as your business needs change over time. Flexibility in your financing solution means that you're not locked into a one-size-fits-all approach. You deserve a partner who listens to you, understands your unique situation, and tailors their services to ensure your success. We are committed to working closely with you to create a solution that fits your business perfectly, ensuring that you always have the financial support you need to grow and succeed. ### Ready to Propel Your Business Forward Now that you understand the seven critical factors in choosing a freight factoring company, it's time to take action. You deserve a partner who offers industry expertise, fast funding, transparent fees, exceptional customer support, innovative technology, a reputation you can verify (Truckstop Credit Rating: A, Transcredit Score: 98), and flexible solutions. We are here to help you make the best decision for your business. If you're ready to improve your cash flow and empower your trucking operations, pick up the phone and give MJN Services a call at (801) 705-9030. Let's work together to create a tailored solution that drives your success and fuels your growth. You deserve reliable financial support that lets you focus on what you do best - moving freight and growing your business. Don't wait any longer; take the first step today! --- ## Is Factoring Worth It for Trucking? -- https://www.mjnservices.com/blog/is-factoring-worth-it-for-trucking 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. ### 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 MJN Services provides all of the above with personalized service for small and mid-sized carriers. ### FAQ **Is factoring only for large carriers?** No. It's ideal for small carriers and owner-operators. **How fast do I get paid?** Often the same day. At MJN Services, invoices submitted by 1:00 PM MST are paid the same day via ACH. **What if the broker doesn't pay?** With non-recourse factoring, the factoring company takes the loss. **Does factoring hurt client relationships?** Not at all. Brokers and shippers expect it and often prefer it. **Do I have to factor every invoice?** No. Many factoring companies offer non-obligatory or spot factoring where you choose which invoices to factor. **Is factoring a loan?** No. Factoring is not a loan. You are selling your receivables, so there's no debt added to your balance sheet. **Can new trucking businesses use factoring?** Yes. Factoring is especially helpful for new carriers who may not have a large cash reserve but need to operate immediately. **What documents are needed to get started?** Typically, a signed rate confirmation, bill of lading (BOL), and the invoice. Some companies also ask for your MC/DOT number. --- ## Can Freight Brokers Use Factoring Companies? A Practical Guide to Cash Flow Freedom -- https://www.mjnservices.com/blog/can-freight-brokers-use-factoring-companies ### Why Freight Brokers Struggle With Cash Flow Running a freight brokerage isn't easy. You hustle to secure loads, manage carriers, and keep customers happy - but then wait 30, 60, even 90 days to get paid. That kind of delay can strangle your growth. If you're a freight broker struggling with inconsistent cash flow, you're not alone. This guide will show you how factoring companies work specifically for brokers like you, why it could be the game-changer you need, and how to use them wisely. ### What Is Freight Broker Factoring? Freight broker factoring is a financial service where you sell your invoices to a factoring company in exchange for upfront cash. Instead of waiting for clients to pay, MJN issues your payment the same day you deliver, when paperwork is in before the cutoff. This isn't just for carriers. Brokers can absolutely use factoring to maintain cash flow, cover operating expenses, and pay carriers on time. In simple terms: You get the money you're owed, right now. ### How Does Freight Broker Factoring Work? Here's how it works in practice: - You book a load and invoice your customer. - You send that invoice to a factoring company. - The factoring company pays you up to 95% of the invoice amount immediately. - Once your client pays, the factor sends you the remaining balance minus their fee. Most companies also handle collections and credit checks, saving you admin time. Pro Tip: Look for a non-recourse factor to reduce your risk if a shipper fails to pay. ### Signs You Should Use Factoring as a Freight Broker You should consider factoring if: - You're waiting 30+ days for client payments. - You want to grow but cash flow is a bottleneck. - You pay carriers upfront but get paid later. - You want to reduce your risk and back-office work. Even well-established brokers use factoring to scale without cash strain. ### Top Benefits of Invoice Factoring for Brokers Factoring isn't just about quick cash. Here's what you gain: - Same-day funding to cover carrier payments and operations. - Admin support (credit checks, collections, paperwork). - Stronger partnerships with carriers who get paid fast. - Growth readiness - take on more loads without waiting on receivables. A quick reality check: You'll pay a small fee (typically 1-4%). But the time saved and stress avoided? Often worth it. ### What to Look For in a Freight Factoring Company Look for these must-haves: - Industry experience in freight brokerage - Transparent fees (avoid hidden charges) - Back-office tools like invoicing, collections, TMS integrations - Flexible terms (watch out for long contracts) At our team at MJN Services, we help brokers with factoring that fits. No long waits. No confusing fees. Just cash when you need it. ### What Do You Need to Qualify? To apply for freight factoring, you typically need: - Valid MC number and operating authority - Customer list and invoice details - Proof of delivered loads - Business bank account and tax ID - Signed factoring agreement Having creditworthy clients also increases approval odds. ### Understanding Factoring Rates for Brokers Factoring rates vary based on: - Monthly invoice volume - Client payment history - Advance rate (typically 85-95%) - Length of payment terms (30, 60, 90 days) Typical fees range from 1% to 4%. Ask about additional charges like setup, ACH, or credit checks. ### FAQs **Can freight brokers really use factoring companies?** Yes. Many factoring firms offer services tailored to brokers, not just carriers. **What does it cost to factor an invoice?** Fees typically range from 1% to 4%, depending on your volume and client risk. **Will my clients know I'm using a factor?** Usually, yes. Most companies use a "notice of assignment," but it's standard and rarely an issue. **What if my client doesn't pay?** If you're using non-recourse factoring, the risk is on the factor. With recourse, you may have to repay. **Who are the best factoring companies for freight brokers?** There are several solid options. At MJN Services, Inc., we specialize in factoring solutions built for freight brokers with fast funding and transparent terms. ### Final Thoughts on Freight Broker Factoring Freight broker factoring can be the bridge between hustle and healthy growth. It removes the stress of delayed payments and helps you operate smoothly and scale confidently. If you're tired of playing the waiting game with receivables, it may be time to partner with a factoring company that understands brokers. --- ## What is the Best Factoring Company for Truckers? -- https://www.mjnservices.com/blog/best-factoring-company-for-truckers ### Finding the Right Factoring Partner Can Make or Break Your Trucking Business If you've ever had to wait 30, 60, or even 90 days to get paid for a load you've already delivered, you know how stressful trucking cash flow can be. The fuel bill is due now, your driver needs to be paid now, and repairs never wait for invoices to clear. That's where factoring companies come in - but choosing the wrong one can cost you more than it helps. This guide will show you exactly what to look for in a factoring company, explain why MJN Services is trusted by carriers, and help you see how the right partner keeps your wheels (and your business) moving. ### What Freight Factoring Really Means for Truckers Freight factoring is a financial service where you sell your unpaid invoices to a factoring company in exchange for upfront cash. Instead of waiting for your broker or shipper to pay, the factoring company advances you most of the invoice amount, often the same day, then collects payment directly from your customer. For truckers, this isn't just about convenience. It's about staying in business: - Covering fuel costs without taking on high-interest loans - Paying drivers on time, every time - Taking on more loads without waiting for old ones to pay out There are two main types: - Recourse Factoring: Lower fees, but you buy back the invoice if the customer doesn't pay. - Non-Recourse Factoring: Higher fees, but the factoring company takes the loss if the customer defaults (with conditions). ### How to Choose the Best Factoring Company for Your Needs Picking the right factoring partner isn't about finding the cheapest rate on paper. It's about matching your operation's needs to the right service model. Here's what to look at before you sign anything: - Advance Rate: Look for high upfront payouts with transparent fees. - Fee Structure: Understand if they charge flat fees or percentage rates. - Payment Speed: Same-day funding keeps your trucks moving. - Contract Terms: Flexibility is key for growing carriers. - Additional Perks: Fuel cards, credit checks, TMS integrations. - Customer Support: Reliable, responsive service makes a difference. ### Key Benefits of Using a Factoring Company in the Trucking Industry When you choose the right factoring partner, the advantages can be game-changing: - Upfront Cash Flow: Keep your trucks fueled and your drivers paid without waiting on slow-paying brokers. - Less Stress on Collections: We handle collections so you can focus on driving and booking loads. - Better Business Stability: Avoid high-interest loans for operating costs. - Growth Enablement: Take on more loads without tying up your cash. ### Red Flags to Watch Out For Before You Sign a Contract Before you commit to any factoring agreement, watch for: - Long-term contracts with steep exit penalties - Hidden fees for funding, transfers, or advances - Low advance rates paired with high fees - Poor customer service reviews If something feels off during the sales process, trust your instincts and walk away. ### Building Trust Through Experience At MJN Services, we've helped trucking companies across the United States and Canada keep their wheels turning with fast funding and rates published in writing, and a team that treats your business like our own. We know factoring isn't just about cash - it's about keeping you on the road and ready for your next load. ### Frequently Asked Questions About Trucking Factoring Services **What is a good factoring rate for trucking?** Most competitive rates range from 1.5% to 5% of the invoice value, depending on your volume, contract type, and customer risk profile. **Is factoring worth it for trucking companies?** Yes, if slow payments are limiting your ability to take on more work. The right factoring partner can enhance cash flow, alleviate stress, and unlock growth opportunities. **Can new trucking companies qualify for factoring?** Absolutely. We work with new carriers and structure terms to help them grow. **What's the difference between recourse and non-recourse factoring?** Recourse factoring requires you to buy back unpaid invoices. Non-recourse means that the factoring company bears the loss, but typically only if non-payment is due to the customer's insolvency. **Do you work in both the US and Canada?** Yes. MJN Services operates across both markets, ideal for cross-border freight. ### Keep Your Trucks Moving and Your Business Growing Choosing the right factoring company is more than a financial decision - it's a strategic move that affects every part of your business. MJN Services keeps your cash flowing, your stress low, and your trucks on the road. If you're ready to make cash flow problems a thing of the past, reach out today and work with a team that puts your success first. --- ## What Is Factoring In Trucking? -- https://www.mjnservices.com/blog/what-is-factoring-in-trucking ### Struggling To Keep Cash Flowing In Your Trucking Business? Running loads across the country is one thing. Waiting 30, 60, or even 90 days to get paid is another. For many small carriers and owner-operators, delayed payments mean tough choices: fuel now or payroll later. If that sounds familiar, you're not alone. Thousands of trucking businesses face the same challenge every day. The good news? Freight factoring can solve it. This guide breaks down what factoring is, how it works, why carriers use it, and whether it's the right move for your business. ### What Freight Factoring Actually Means Freight factoring is a financial service that gives trucking companies upfront cash for their unpaid invoices. Instead of waiting weeks for shippers or brokers to pay, you sell the invoice to a factoring company. They advance you most of the invoice value right away, then collect payment directly from your customer later. Think of it as trading paper for fuel. You hand over the invoice and get paid same day. Here's the short version: - You deliver the load. - You send the invoice to a factoring partner. - They pay you (often the same day). - They collect from the shipper when the invoice comes due. It's not a loan. It's selling your receivables, allowing you to keep moving without waiting. ### How Freight Factoring Works Step by Step - Deliver the load. You haul freight like normal. - Submit invoice and paperwork. Instead of waiting, you send it to your freight broker partner. - Get paid fast. Most factoring companies advance 80-95% of the invoice the same day. - Final settlement. Once the shipper pays, you get the remaining balance minus a small factoring fee. That's it. No chasing down payments. No tying up your cash in someone else's timeline. ### Who Should Use Factoring and When Factoring is common in trucking because payment cycles are long and expenses are daily. But it isn't for everyone. Factoring makes sense if: - You're a small to mid-sized trucking company or carrier. - Cash flow is tight due to delayed payments. - You need reliable fuel money, payroll coverage, or repair funds. - You're trying to grow and don't want slow-paying customers holding you back. Factoring may not be necessary if: - You have large reserves or savings to cover operating costs. - Your shippers consistently pay very quickly. For most new or growing carriers, factoring serves as a bridge between hauling loads and maintaining financial stability. ### Benefits and Risks You Need To Know Benefits of Factoring: - Same-day funding, not months of waiting. - Covers fuel, payroll, and repairs without waiting. - Frees you from chasing collections or credit checks. - Lets you take on more loads and grow faster. Risks and Costs of Factoring: - Fees typically range from 1.5% to 5% of the invoice amount. - Dependence on factoring, if not managed wisely. - Not all factoring agreements are created equal (recourse vs non-recourse). The takeaway: Factoring is a tool. Used well, it keeps your wheels turning and your business growing. Used improperly, fees can add up if you're not closely monitoring your margins. ### Factoring vs Quick Pay vs Loans Factoring: - Upfront cash advance. - Outsourced collections. - Ongoing partnership with a premium carrier network. Quick Pay (offered by some brokers): - Faster than normal pay, but still not same-day in most cases. - Limited to specific brokers. - May involve hidden fees. Bank Loans or Credit Lines: - Lump sum but requires credit checks, collateral, and time. - Adds debt to your business. - Not always accessible to small carriers. Bottom line: Factoring is faster and more flexible than loans, and broader than quick pay because it works across all shippers and brokers. ### Building Trust Through Real-World Experience At MJN Services, we've helped carriers across the U.S. and Canada keep their businesses moving without the stress of long payment cycles. We've seen firsthand how upfront cash flow can mean the difference between turning down loads and growing a fleet. When evaluating factoring, look for a partner that provides more than cash. Reliable service, transparent terms, and tools like shipping solutions or TMS software can simplify your entire operation. ### Frequently Asked Questions About Factoring In Trucking **What is freight factoring?** Freight factoring is when a trucking company sells its unpaid invoices to a factoring company in exchange for quick cash, usually the same day. Instead of waiting weeks for customers to pay, you receive an advance immediately, typically 80-95% of the invoice. The factoring company then collects directly from your customer. This ensures your business runs smoothly without prolonged payment delays. **How much does factoring cost?** Factoring fees typically range from 1.5% to 5% of the invoice value. The exact rate depends on factors like: - The volume of invoices you factor. - Your customer's credit history. - Whether the agreement is recourse or non-recourse. - Contract terms and length. While factoring isn't free, many trucking companies find that the speed and reliability of cash flow easily outweigh the small fee. **Is factoring worth it for small trucking companies?** For most small to mid-sized carriers, this is the case. When your business doesn't have large cash reserves, waiting weeks for payment can be crippling. Factoring gives you immediate access to the money you've already earned, letting you cover fuel, payroll, and maintenance without pause. It can be especially valuable in the first few years of business when you're trying to scale quickly. **What's the difference between recourse and non-recourse factoring?** - Recourse factoring: If your customer doesn't pay, you're responsible for covering the invoice or replacing it. This usually comes with lower fees. - Non-recourse factoring: The factoring company assumes the risk of non-payment, but the fees are higher. Many small carriers start with recourse factoring because it's more affordable, then evaluate non-recourse once they better understand their customers' reliability. **Can I still choose my loads if I factor?** Absolutely. Factoring has nothing to do with choosing your freight. You pick your loads the same way you always have. The only difference is how and when you get paid for them. A factoring company simply accelerates payment and handles collections. **How does factoring compare to quick pay?** Quick pay is a payment option some brokers offer where they pay faster than the usual 30-60 days. But quick pay only works with that specific broker, and it isn't always immediate. Factoring applies to all shippers and brokers, pays you the same day in most cases, and handles collections. That flexibility and speed make factoring more dependable for carriers running with tight cash flow. ### Keep Your Business Rolling With Reliable Cash Flow Trucking doesn't stop, and neither should your cash flow. Factoring helps you focus on moving freight instead of waiting on payments. At MJN Services, our factoring solutions are designed to provide small and mid-sized trucking companies with the support they need to thrive. If you're ready to move forward, take the next step today: explore our factoring services or connect with our team for a no-obligation consultation. --- ## Strong Carrier-Broker Relationships: A Guide to Success -- https://www.mjnservices.com/blog/strong-carrier-broker-relationships-a-guide-to-success ### Building Lasting Partnerships in Transportation In the dynamic world of transportation, the relationship between carriers and brokers forms the backbone of successful logistics operations. While rates and availability often drive initial connections, it's the strength of these relationships that determines long-term success. Understanding how to build and maintain these crucial partnerships can make the difference between thriving and merely surviving in today's competitive market. ### The Foundation of Trust Trust serves as the cornerstone of any successful carrier-broker relationship. This starts with clear, direct communication and follows through with reliable actions. When both parties understand and respect each other's roles and challenges, it creates a foundation for mutual success. Professional brokers, like MJN Services, prioritize transparency and consistent communication to build this essential trust. ### Communication: More Than Just Talk Effective communication goes beyond simply sharing information - it's about creating understanding. Regular updates, prompt responses, and clear expectations set the stage for successful partnerships. Whether discussing rates, delivery schedules, or potential challenges, maintaining open lines of communication helps prevent misunderstandings and strengthens working relationships. ### Essential Elements for Strong Partnerships Key Components of Successful Relationships: - Transparent pricing and payment terms - Clear documentation and expectations - Regular performance feedback - Mutual respect and understanding - Consistent and reliable communication - Problem-solving partnership approach ### Professional Documentation Practices Maintaining proper documentation isn't just about compliance - it's about protecting both parties and ensuring smooth operations. From rate confirmations to proof of delivery, professional handling of paperwork demonstrates respect for the partnership and commitment to proper business practices. ### Understanding Market Dynamics Together Successful partnerships recognize that market conditions affect both parties. When carriers and brokers share market insights and work together to navigate changes, both benefit. This collaborative approach helps maintain stability during market fluctuations and creates opportunities during peak seasons. ### The Role of Technology Modern technology platforms can enhance carrier-broker relationships by streamlining communication and improving efficiency. However, technology should complement, not replace, personal relationships. Finding the right balance ensures both efficiency and relationship strength. ### Problem Resolution Strategies Every relationship faces challenges. What sets successful partnerships apart is how they handle these situations. Professional brokers and carriers approach problems with a solution-oriented mindset, focusing on resolution rather than blame. This approach strengthens relationships and builds long-term trust. ### Financial Stability and Growth Strong Operational Practices: - Quick payment processing - Clear credit requirements - Transparent rate negotiations - Mutual growth opportunities - Consistent load volumes - Professional financial management ### Building Long-Term Value Long-term relationships often provide better value than constantly chasing short-term gains. Established partnerships can lead to preferred lanes, consistent volumes, and better rates. Additionally, these relationships often provide more flexibility when dealing with unexpected challenges. ### The MJN Approach At MJN Services, we understand that strong carrier relationships drive success. Our approach combines professional service with personal attention, ensuring our carriers receive the support they need. From quick payments through our factoring services to consistent communication and problem resolution, we're committed to building lasting partnerships. ### Looking Forward Together The transportation industry continues to evolve, making strong partnerships more valuable than ever. Carriers and brokers who invest in relationship building position themselves for sustained success. These partnerships become particularly valuable during challenging markets or when new opportunities arise. ### Take Action Today Building strong carrier-broker relationships requires commitment from both parties, but the rewards are worth the investment. Whether you're a carrier looking for reliable broker partnerships or interested in strengthening existing relationships, taking proactive steps today can lead to better outcomes tomorrow. Ready to experience the difference a professional broker partnership can make? Contact MJN Services at 801-705-9030 to discuss how we can build a strong, mutually beneficial relationship. Let us show you why carriers choose MJN for the long haul. --- ## Top 5 Advantages of Using a Freight Brokerage -- https://www.mjnservices.com/blog/top-5-advantages-of-using-a-freight-brokerage ### Maximizing Efficiency in Transportation Logistics In today's complex transportation landscape, freight brokerages play a crucial role in connecting shippers with carriers and optimizing logistics operations. While some might consider going direct, the advantages of working with a professional freight brokerage can significantly impact your bottom line and operational efficiency. Understanding these benefits can help you make informed decisions about your transportation strategy. ### 1. Access to Extensive Carrier Networks One of the most significant advantages of working with a freight brokerage is immediate access to an established carrier network. Professional brokerages like MJN Services maintain relationships with thousands of verified carriers, providing flexibility and capacity when you need it most. This network becomes particularly valuable during peak seasons or when dealing with challenging lanes. ### The Power of Professional Relationships Professional brokerages invest significant time and resources in building and maintaining carrier relationships. These established connections mean faster load coverage, more reliable service, and often better rates. When you work with a brokerage, you benefit from years of relationship-building and industry expertise. ### 2. Cost Optimization and Efficiency Key Financial Benefits: - Competitive market rates - Reduced overhead costs - No fleet maintenance expenses - Flexible capacity without fixed costs - Volume-based savings opportunities ### 3. Risk Management and Compliance Professional freight brokerages handle the complex task of carrier verification and compliance monitoring. This includes checking insurance coverage, safety ratings, and operating authority. By working with a reputable brokerage, you gain peace of mind knowing that these crucial aspects are professionally managed and regularly monitored. ### Technology and Innovation Modern brokerages leverage advanced technology platforms to optimize operations. From load tracking to documentation management, these systems improve efficiency and provide valuable visibility. However, successful brokerages like MJN Services understand that technology must complement, not replace, personal service. ### 4. Operational Flexibility Working with a freight brokerage provides unmatched flexibility in your transportation operations. Whether you need occasional shipping support or consistent capacity, brokerages can scale their services to match your needs. This flexibility becomes particularly valuable when dealing with seasonal peaks or market fluctuations. ### Expert Market Knowledge Professional brokerages maintain deep market knowledge through: - Regular market analysis - Industry trend monitoring - Rate benchmarking - Lane-specific expertise - Seasonal capacity planning ### 5. Administrative Support and Efficiency Quality brokerages handle much of the administrative burden associated with freight movement. From rate negotiation to documentation management, these services free your team to focus on core business activities. This support often includes quick problem resolution and professional claims handling when needed. ### The Value of Professional Service Professional freight brokerages bring years of industry experience to every transaction. This expertise helps navigate challenges, identify opportunities, and ensure smooth operations. When selecting a brokerage partner, look for ones that prioritize professional service and maintain strong industry relationships. ### The MJN Services Difference At MJN Services, we combine professional brokerage services with personal attention to detail. Our team understands that each client has unique needs, and we tailor our services accordingly. From our extensive carrier network to our professional support team, we're committed to delivering value through every interaction. ### Industry Evolution and Adaptation The transportation industry continues to evolve, making professional brokerage services more valuable than ever. As regulations change and technology advances, having a knowledgeable partner helps you stay ahead of industry developments and maintain competitive advantages. ### Making the Right Choice Selecting the right freight brokerage partner is crucial for long-term success. Look for brokerages with proven track records, strong carrier relationships, and professional service standards. The right partner will become a valuable extension of your transportation strategy. Ready to experience the advantages of working with a professional freight brokerage? Contact MJN Services at 801-705-9030 to discuss how our brokerage services can optimize your transportation operations and deliver real value to your business. --- ## Factoring Cost Calculator | Compute Your Rate | MJN Services -- https://www.mjnservices.com/factoring/calculator ### Compute Your Factoring Cost Enter your invoice amount and select variable (1.5%) or flat (3%) rate. Advance rate is fixed at 95%. All values reflect MJN's published terms. ### Factoring Calculator FAQ **How is the factoring fee calculated?** The factoring fee is the invoice amount multiplied by the rate. For a variable rate of 1.5%, a $1,000 invoice costs $15.00. For a flat 3% rate, the same invoice costs $30.00. Rates are published in writing. **What is the advance rate?** MJN advances up to 95% of the invoice face value. On a $1,000 invoice, the advance is $950.00. The remaining balance is held in reserve until the shipper pays, then released to you less the factoring fee. **When do I receive the advance?** Submit your invoice and required documents before 1:00 PM MST. MJN issues your ACH the same day. Invoices submitted after 1:00 PM MST are paid the following business day. **Is there a minimum monthly fee?** The first 90 days have no minimum monthly fee. After that, a $200 per month minimum applies in months where your calculated fees fall below that amount. --- ## Freight Factoring Glossary | 22 Terms Defined | MJN Services -- https://www.mjnservices.com/factoring/glossary ### Freight Factoring Terms 22 defined terms covering advance rate, accounts receivable, bill of lading, factoring agreement, factoring fee, flat rate factoring, fuel advance, invoice, non-recourse factoring, notice of assignment, proof of delivery, rate confirmation, recourse factoring, recourse period, reserve account, same-day pay, spot factoring, variable rate factoring, and more. ### Key Definitions **Advance Rate**: The percentage of an invoice's face value paid upfront by a factoring company. MJN's advance rate is up to 95%. **Recourse Factoring**: Factoring where the carrier is responsible for repurchasing unpaid invoices if the shipper does not pay within the recourse period (generally 60 days at MJN). Standard for MJN factoring agreements. **Non-Recourse Factoring**: The factoring company assumes the risk of non-payment. Available at MJN for approved debtors in cases of shipper bankruptcy. **Factoring Fee**: The cost of factoring, expressed as a percentage of the invoice face value. MJN's variable rate starts at 1.5%; flat rate is 3% for 60 days. **Reserve Account**: The portion of the invoice not advanced upfront, held by the factoring company until the shipper pays. Released to the carrier after shipper payment, less the factoring fee. **Same-Day Pay**: MJN issues your ACH payment on the day you submit your invoice, provided it is submitted by 1:00 PM MST with required documents. --- ## Freight Factoring Rates: How They Work and What MJN Charges -- https://www.mjnservices.com/factoring/rates ### MJN's Published Factoring Rates All fees are disclosed in writing before you sign. Rates do not change after you agree. **First 30 Days Free**: New accounts pay zero factoring fees for the first 30 days. No commitment required. **Variable Rate**: Starting at 1.5% per invoice for carriers with steady monthly volume and shorter payment terms. **Flat Rate**: 3% for 60 days. One predictable price for the full 60-day period. **Advance Rate**: Up to 95% of invoice face value. **Minimum Monthly Fee**: $200 per month, applies after the first 90 days, in months where your calculated fees fall below that amount. **Initial Contract Term**: 90 days. Cancel any time inside the initial term with no penalty. After the initial term, 30-day written notice is required. ### Rates FAQ **What is MJN's factoring rate?** Variable rate starting at 1.5% per invoice, or flat 3% for 60 days. First 30 days free for new accounts. **What does advance rate mean?** MJN advances up to 95% of the approved invoice face value when you submit. The remaining balance is held in reserve until the shipper pays, then released to you less the factoring fee. **Are there fees besides the factoring rate?** No ACH, credit reporting, or invoice processing fees. The first 90 days have no minimum monthly fee; after that, a $200 per month minimum applies. All fees are disclosed in writing before you sign. **How does recourse factoring affect my rates?** Standard recourse factoring has a recourse period of generally 60 days. Non-recourse factoring is available for approved debtors in cases of shipper bankruptcy. **Is the rate the same for every invoice?** With the variable rate, the rate applies per invoice and may vary based on shipper payment terms and your volume. With the flat rate, 3% covers the full 60-day period at one price.