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Frequently Asked Questions

What is Factoring?

Factoring is receiving cash for an invoice that you get after you deliver a product or complete a service.

How much does it cost to factor?

CJM provides the most cash with the lowest fees in the industry.  Benefits of the lowest fees are based on volume of invoices and other variables based on your needs and business goals.

Can factoring work for my business?

If your company is growing and the bank is not responding quick enough, CJM Financial is your answer.  CJM provides same-day funding for hundreds of successful companies.  Industries served are transportation & trucking, staffing agencies, construction/excavation, and many other small to mid-size businesses.

Is there a fee to sign up?

No.  We do not charge sign-up fees.

How long does it take to start factoring?

After we receive your completed application with supporting documents and factoring agreement, funding can begin in 24 to 48 hours.

Do you offer same-day funding?


Where do I send my invoices?
How do I get paid for my invoices?

We offer payment by check, fuel card, wire, or ACH.  Contact your Regional Sales Team member or account manager today for more information.  

How do I check the credit of my customers?

CJM offers free access to our 24-hour online database.  You may also email our credit and collections department during normal business hours for priority credit check responses or check yourself through your client login. 

What's required to have my invoices purchased?

You only need an invoice that shows:  (1) agreed upon rate for service, (2) proof of delivery or completion of service, and (3) any other paperwork required by your customer for payment.  Legible copies are now allowed by some carriers.  Make sure to confirm which ones with your account manager before sending.

Are originals needed to purchase my invoices?

Some carriers now allow for copies.  Please confirm with your account manager when copies are accepted.  

What if I factor with another company now?

CJM will handle your transition from your current factoring company to make sure your funding is not interrupted.  Contact a Reginal Sales Rep today to learn how easy it is at 515-964-8880 or 866-964-8880.

Do you have a fuel card?

We have some of the lowest fees and highest discount rates in the country. Click here for more information.  We work to negotiate monthly to ensure your lowest rates.

Whom will I work with?

CJM has some of the longest-serving, best-trained account managers in the industry with 49 years of combined account management experience.