Carrier factoring
- Eligible loads
- MJN factors invoices from its own loads or any pre-approved outside customer after submission of invoice, bill of lading and rate confirmation.
- Advance and risk
- Advances can reach 95%; recourse is standard with a stated 60-day period, while non-recourse may be available for approved debtors at extra cost.
- Contract
- The initial agreement is 90 days; the site describes cancellation without penalty within that window and 30-day notice thereafter.
Provider sources: Carrier factoring official source · Carrier factoring official source · Carrier factoring official source

