Consistent tracking of changes in working capital can be key to understanding the trend of your business’s financial health. According to Tywanna Maye, an Account Manager at altLINE, invoice factoring “creates a positive cash flow because by selling invoices, the company is paid immediately instead of waiting on their. They provide a source for both parties – the debtor and the factor – to transfer and […]Jim is the General Manager of altLINE by The Southern Bank. Jim is the General Manager of altLINE by The Southern Bank. Invoice Factoring A/R Financing Payroll. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally founded in 1936. By eliminating intermediaries, the company reduces costs and improves reliability and trust for its clients. altLINE is one of the top factoring companies overall. At altLINE, we encourage small to medium-sized businesses to look into invoice factoring, as typically these are the businesses that would benefit most from quick cash flow boosts. Follow the steps below to quickly and easily estimate your factoring fees: Input the value of all the invoices you plan on factoring. Asset-based loans or lines of credit can be borrowed against equipment, property, inventory or receivables (in the form of an invoice factoring service ). Back. Factors then make money from outstanding. In most cases, you’ll get your advance much sooner, especially if you include a couple of invoices with your application. Funding can be available within 24 to 48 hours. altLINE has been in the factoring industry. According to PayScale, the average small business owner takes home a salary of $69,301 per year. Below are a few sectors that we can help, but our factoring services are not limited to just the industries below. 5. AltLine is an invoice factoring company that offers invoice factoring, accounts receivable financing, and asset-based lending options. O. Business owners always seek out ways to leverage their assets. With altLINE, factoring fees are typically 1% – 3% of the invoice face value, if paid within 45 days. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally founded in 1936. altLINE Invoice Factoring . With a factoring fee of just 1. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. You can generally expect a factoring advance rate of up to 90% of the invoice’s face value and receive the cash advance between 24 and 48 hours after submission to our government contract factoring company. A negative change in working capital could be indicative of a one-time event or it could be the result of an ongoing issue, such as poor management of accounts receivable. At the same time, they’re forced to make. AltLINE’s Justice estimated his minority invoice factoring customer base at “around 50 to 60 percent,” but, as of this posting, was unable to provide numbers on the total dollar amount. Aladdin Capital — Best for Small Business. They don’t bill you for an origination fee but do charge an extra 1% for expedited funding. This means you will not have to wait for 30 or 90 days to receive the money owned by online stores. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Birmingham was founded during the post-Civil War reconstruction era. This makes for a great way to keep your cash flow consistent, as it removes the process of waiting for your customer to pay an. Trusted Bank Since 1936. Just like invoice factoring, payroll funding turns a business’s outstanding invoices into cash by selling them to a third party. The Southern Bank meets. Just like invoice factoring, payroll funding turns a business’s outstanding invoices into cash by selling them to a third party. 5 to 3. The bank has factored over $800 million in invoices over more than 80 years. Zero Hidden Fees. For example, selling an invoice of $10,000 will not generate the same returns as a $50,000 invoice. 4 Send Invoices Quickly. com and more. The Washington Policy Center, a think tank focused on the free market, blames state policies, from local taxes to rules and mandates. You can generally expect a factoring advance rate of 80-90% of your invoice’s face value, deposited into your bank account within 24 to 48 hours after submission to altLINE. Browse Online Load Boards. altLINE is an invoice factoring and A/R financing platform that’s backed by The Southern Bank Company. Result: The factoring line that was put in place has given the founders to take on growth at a rapid, yet healthy pace. Unlike many factoring companies, altLINE has factoring programs specifically catering to start up businesses and was able to put a facility in place. Through invoice factoring, Hernandez has stabilized D&A’s cash flow and grown her business. As a bank factoring company, altLINE offers various invoice factoring and accounts receivable financing structures to fit the varying needs of a business. Learn how to convert your unpaid invoices into working capital so you can get back to growing your business. Call us at +1 (205) 607-0811. Kansas City is the largest city in the state of Missouri. The company offers factoring services to a variety of industries aside from truck companies, making it the best option for virtually any small business. AltLINE is the commercial financing division of The Southern Bank, which has been in operation for over 84 years. Before selling, collect your unpaid invoices, making sure to select high-value invoices that can provide enough cash inflows during the payment duration. You can generally expect a factoring rate of 80%-90% of each invoice’s face value and receive the cash advance between 24 and 48. You could end up paying $1,000 to get out of the contract. The payor on an invoice is the person or party paying. Invoice Factoring. (United States), OTR. Zero Hidden Fees. Both operate on similar principles: Your invoices will go through altLINE for the duration of. At altLINE, we have 84 years of experience helping small business owners manage and improve their A/R cash flow through invoice factoring. Triumph — Best for Same-day Funding. Resources. Thus, invoice factoring is an ideal financing solution for a business not wanting to wait 30,60 or 90 days for their receivables to roll in. altLINE is a top-rated factoring company that doubles as a bank, so you can receive lower rates and greater transparency during the factoring process. With this in mind, altLINE can factor up to $4 million per month and up to 90% of an invoice amount. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Jim is the General Manager of altLINE by The Southern Bank. 100% Transparency. Grey was previously the Director of Marketing for altLINE by The Southern Bank. altLINE — Best for Flexibility. 1-star 0% Filter Sort: Most relevant WM Wellman's Medical Staffing 1 review US Jul 13, 2023 Verified Highly recommend! We're a new start up company we have. The payor is not permitted to deposit a check to a bank or financial institution. Read on to learn more about the five most common sources of business startup capital. This means that if the buyer pays the invoice within 10 days of receiving it, they will receive a 1% discount. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. altLINE is a part of The Southern Bank Company. Min. a direct financing source; 90% of eligible invoices are delivered; Completely transparent; altLINE is a dependable and trustworthy invoice factoring business known for its minimal prices. The first step of manufacturer factoring is submitting an invoice to the factor once you’ve sent them to your customer. altLINE offers competitive rates and can take advantage of not. Summary of the best factoring companies of 2023. Small businesses will benefit from the top factoring providers we examined. The Southern Bank Company, a full-service bank based out of Gadsden, AL is pleased to announce that 2017 will be its 80th anniversary. If you’re looking to. 5%. Jim is the General Manager of altLINE by The Southern Bank. altLINE Factoring. AltLINE offers fast invoice factoring through an online-based process. Invoice factoring is a great alternative finance solution that works great in these industries. With more than 85 years of experience serving customers, we provide you with the best client services, assigning you a dedicated account manager to handle all of your factoring needs. 5. Your customer pays in 30 days, so your fee will be 3% of $10,000, or $300. 4. The exact timing of our deposit may vary depending on when you complete the job. If you’re looking to improve your cash flow, give altLINE a call at +1 (205) 607-0811 or fill out our online factoring quote form. 5% per 10 days (1. altLINE Advances Up To 80-90% Of The Invoice Face Value. altLINE has been wonderful to work with and I’ve always felt confident that they have my back. The cost of payroll funding for staffing agencies can range from 1% – 7% of the invoice face value, depending on several criteria. With 10 years’ experience in digital marketing, content creation and small business operations, he helped businesses find the information they needed to make informed decisions about invoice factoring and A/R financing. A study by the Nebraska Business. These higher fees can lead to a lower profit margin for businesses. Call the altLINE Factoring Hotline. Full recourse factoring places all of the business’s liability that has engaged a factor for invoice factoring. Log In to FactorSoft. Non-notification factoring is used by businesses to improve accounts receivable cash flow as an alternative to financing methods such as traditional factoring, taking out a loan, or applying for a line of credit. 100% Transparency. The bank has branch locations in Gadsden, Guntersville, Albertville and Centre, with a specialty commercial lending division, altLINE, operating out of Birmingham. And, unlike other providers that hide a range of fees, our transparent pricing structure keeps you in control of your financing costs. Turn your outstanding invoices into cash Give altLINE A Try . For example, selling an invoice of $10,000 will not generate the same returns as a $50,000 invoice. However, other agreements involve a factoring company merely advancing funds to another company. For them, invoice factoring is a fast and easy working capital solution that turns outstanding invoices into cash when New Orleans businesses need it most. The exact timing of your cash advance deposit usually depends on when you complete the treatment in question. The Average Small Business Owner Salary Is $69,301. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally founded in 1936. 3. Angela joined altLINE in 2022 after several years of working in digital marketing across various industries including financial services and B2B. Grey was previously the Director of Marketing for altLINE by The Southern Bank. TBS — Best for Low Fees. The Average Small Business Owner Salary Is $69,301. altLINE Advances Up To 80-90% Of The Invoice Face Value. However, seven days is the absolute maximum you’ll have to wait. Another significant difference is the level of commitment required by the factoring company. The exact timing of your cash advance depends on the customer’s receipts and acknowledgment of goods. The factoring company sends your business a cash advance, typically 80-90% of the invoice value (Day 2). 11. A bank factoring company is exactly what it sounds like, a federally regulated bank that factors invoices for clients. Jim is the General Manager of altLINE by The Southern Bank. Summary of the best factoring companies of 2023. According to Justice, 65% of AltLINE’s portfolio is staffing and consulting firms. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. AltLINE offers both accounts receivable financing and invoice factoring, working with small businesses in a variety of industries, including startups and those that can’t qualify for traditional. 2. 100% Transparency. DUBAI, UAE, Nov. The invoice is for $50,000 of work. altLINE offers competitive rates and can take advantage of not. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Manufacturing businesses, as well as a host of professional service industries, are often a perfect fit for invoice factoring, as they consistently struggle with delayed payment terms that result in cash shortages. altLINE has been in the factoring industry for more than 80 years. FactorSoft is the new invoice factoring platform that altLINE upgraded to on 10/31/22. Tom’s Trucking is a refrigerated freight company that uses altLINE to factor its invoices. Rated Top Factoring Company of 2023 Investopedia, TheBalanceSMB, Fundera, Business. The payee is the recipient of a check, or who the check is made payable to. Spot factoring differs from traditional invoice factoring because it is primarily used to factor a single large invoice, rather than a set of invoices. Zero Hidden Fees. Advances up to 90%. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. altLINE offers invoice factoring—in which they purchase your outstanding accounts receivables, as well as accounts receivable financing—where they advance you a percentage of the value of your invoice’s value, which you’ll repay, plus interest. First, a factoring company such as altLINE will fund a cash advance of 80-90% of the outstanding invoice. Once you submit your quote request, a representative will be in touch with you immediately. altLINE is a top-rated factoring company that doubles as a bank, so you can receive lower rates and greater transparency during the factoring process. At altLINE, we purposefully differentiate between the two with distinct structures. Give altLINE A Try . Jim is the General Manager of altLINE by The Southern Bank. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally founded in 1936. We offer customized invoice factoring services for your location – including the states and cities below. Grey was previously the Director of Marketing for altLINE by The Southern Bank. We’re Hiring! Lending Assistant in Gadsden, AL. Asset-based loans or lines of credit can be borrowed against equipment, property, inventory or receivables (in the form of an invoice factoring service ). Customer B has their account factored by 80%. Learn how to convert your unpaid invoices into working capital so you can get back to growing your business. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. At altLINE, we charge $30 per wire transfer. Lockbox payments are an important aspect of invoice factoring and other financial transactions as they are a quick, secure way to clear checks from customers (account debtors). TCI Business Capital — Best for High Funding Amounts. Don’t see your company’s industry listed? That’s okay! Give us a call at +1 (205) 607-0811, and we can discuss how altLINE can help with. 5% – 4. Call the altLINE Factoring Hotline. If your typical invoice turnover time is between 30 and 90 days, your receivables are well-positioned for factoring. In under six months, D&A received a factoring credit line increase, enabling the business to access up to $500,000 in working capital. Learn how to apply, what. When you factor with altLINE, we fund up to 90% of your invoices now, offering you a critical boost in cash flow that helps you stay on top of your expenses, no matter where your. This lender requires that you are able to factor at least $15,000 per month. Compare the top options. To take on new orders / clients. Unlike some invoice factoring companies, AltLINE is a direct lender, which may decrease the cost of borrowing with the company. A factoring company like altLINE will file a UCC on the client’s business, but since we do not offer factoring services for import-export companies, you will have to ask your lender before the process begins, as it may vary from factor-to-factor. Invoice factoring, or A/R financing, with altLINE gets you the instant cash you need so you can keep growing your business. It also reaches a maximum of 3%, which is lower than the standard maximum of 5% for the first 30 days. altLINE by The Southern Bank, Birmingham, Alabama. Average capital expenditure per establishment, 2021: $258,412. After the clients pay, the small business pays the loan back. For instance, if an invoice of $5,000 is sold with a 3% factoring fee, the business owner receives $4,850, resulting in a lower profit with. com and more. Best for Long-term unsecured business loans. 957 M. It also offers a high advance rate and low fees, making it our pick as the best provider for businesses seeking large recurring factoring products. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Factor Rate: Similar to an interest rate, this determines how much the merchant cash advance will cost. Invoice Factoring. 2. Triumph — Best for Same-day Funding. Plus, clients can factor invoices in high volumes and get an advance rate of up to 90%! Based on the customer reviews, altLINE’s customer service is top-notch. One of the best-known invoice factoring companies, BlueVine charges a low weekly fee for the time an invoice is outstanding. Asset-based lending (ABL) is the process of borrowing money that is secured by an asset, or collateral. In 2020, truck drivers earned an average of 57 cents per. Record the cash received as a debit in the cash account. To hire more employees. The factoring company charges a 3% factor fee for every 30 days it takes your customer to pay the invoice. As a company grows and experiences an increased need for cash, they will likely seek out various forms of financing. Your business provides a service to a customer, then sends an invoice to that customer (Day 1). Even if you’re a telecom business owner or contractor who serves a different industry than listed above, a factor like altLINE may still be open to working with you. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. 100% Transparency. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Their fees start as low as 0. Our team moves quickly so that you can get the cash you need to keep growing your business. You can generally expect a factoring advance rate of 80-90% of your invoice’s face value and receive the cash advance between 24 and 48 hours after submission to altLINE. With an A+ rating from the Better Business Bureau, altLINE is dedicated to providing quality customer service and invoice factoring to small and medium sized businesses across the United States. Canva. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. If it takes your customer three months to pay. It is up to you as a business owner to determine which invoices to sell based on the amount. Know your notification date and set up a calendar reminder to review the agreement each year. 3%. These fees can range greatly from 0% to 3% of the credit line amount. Can be more expensive than other financing products. Zero Hidden Fees. Resources. Call us at +1 (205) 607-0811. That's one of the lowest you can get, making it more affordable. However, before you take the plunge there are some pros and cons you should be aware of. Invoice factoring fees are typically 1-5% of the total invoice value, which is usually a bit more expensive than other forms of financing. Here are 9 unsecured business loans. Within its booming manufacturing ecosystem, many businesses turn to alternative financing options like invoice factoring in order to boost working capital when traditional bank loans aren’t available. The payor is the drawer of a check. Trusted Bank Since 1936. Unlike traditional loans, invoice factoring allows one to sell outstanding invoices to a factoring business for instant funding. First, a factoring company such as altLINE will fund a cash advance of 80-90% of the outstanding invoice. This type of financing offers faster, easier approval, and is. Entrepreneurship is booming and the concentration of top. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Invoice factoring is a great tool for improving cash flow for your business. Updated on September 21st, 2023. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. With 10 years’ experience in digital marketing, content creation and small business operations, he helped businesses find the information they needed to make informed decisions about invoice factoring and A/R financing. Debt factoring is based on selling accounts receivables to a third-party debt factoring company. If you’re a B2B business, you’re all too familiar with complex cash flow challenges, especially if you. Best overall: altLINE. com and more. 2 per 10,000 residents (Rank: #3) Florida is a major travel destination with a booming hospitality industry recovering from the pandemic. Overall, altLINE works primarily with staffing and consulting firms, but they also fund businesses in the manufacturing and distribution industries, as well as government contractors. Accounts receivable financing, also called accounts receivable factoring, is the process of financing outstanding invoices in order to access the cash value sooner. With 10 years’ experience in digital marketing, content creation and small business operations, he helped businesses find the information they needed to make informed decisions about invoice factoring and A/R financing. Give altLINE a Call. With invoice factoring, a business can select which invoices it wants to sell to the factoring company. 50%. Download a free staffing agency invoice template for Excel or Google Sheets. Jim is the General Manager of altLINE by The Southern Bank. Record a credit in accounts receivable for the sold invoices. altLINE will then advance you between 80%-90% of the receipt, giving itself a discount rate of between 0. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. For Bankers For Financial Advisors . Fast Approval. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Grey was previously the Director of Marketing for altLINE by The Southern Bank. . Debt factoring is based on selling accounts receivables to a third-party debt factoring. The exact timing of your cash advance deposit generally depends on when your customer receives the goods or services you sell. Companies use the cash they receive from factoring for a variety of reasons, including: To make payroll. altLINE by Sobanco. You get a lump sum of between 80-90% of the total invoice value in most cases. See how bankers, brokers, and financial advisors can partner with altLINE as a part of our referral program. It offers the same services as independent factoring companies while. altLINE is the invoice factoring side of The Southern Bank Company, a community bank based in Alabama. With invoice factoring, businesses sell unpaid invoices to a factoring company, like altLINE, in exchange for a cash advance. Call the altLINE Factoring Hotline +1 (205) 607-0811. 2 Offer Early Payment Discounts. Learn more. Outstanding Factoring Services. Advances up to 90%. Call us at +1 (205) 607-0811. With 10 years’ experience in digital marketing, content creation and small business operations, he helped businesses find the information they needed to make informed decisions about invoice factoring and A/R financing. You can apply for invoice factoring from altLINE online—qualified businesses can receive funding in as little as 48 hours. Invoice Factoring. Result: The factoring line that was put in place has given the founders to take on growth at a rapid, yet healthy pace. When it comes to non-traditional financing solutions, invoice financing and factoring are common alternatives to transforming your accounts receivables for quick funding. 50%. Jim is the General Manager of altLINE by The Southern Bank. Our team moves quickly so that you can get the cash you need to keep growing your business. Back. For instance, if an invoice of $5,000 is sold with a 3% factoring fee, the business owner receives $4,850, resulting in a lower profit with. Pay Per Mile. altLINE Advances Up To 80-90% Of The Invoice Face Value. 3. Learn more about invoice factoring, alternative financing and other small business finance topics. 5%. They offer easy approval, low rates, transparency, and are FDIC-insured. Jim is the General Manager of altLINE by The Southern Bank. 5 to 3. You fill out an application through the staffing agency. The exact timing of our cash advance deposit may vary depending on when your customer receives. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. 4. However, there is quite a bit of variance from source to source regarding small business. Asset-based lending (ABL) is the process of borrowing money that is secured by an asset, or collateral. What makes us different? Rates from 0. You can typically expect a factoring advance rate of 80-90% of each invoice’s face value and receive the cash advance between 24 and 48 hours after submission to altLINE. altLINE deals in invoice factoring and accounts receivable factoring. For some businesses, late customer invoice payments leave a lower net profit margin than desired. A bank lockbox payment is a payment processing service in the form of a P. If you send in another referral, you will receive a second e-gift card upon that referral’s initial funding. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Lockbox payments are an important aspect of invoice factoring and other financial transactions as they are a quick, secure way to clear checks from customers (account debtors). These fees can range greatly from 0% to 3% of the credit line amount. What makes us different? Rates from 0. S. Experience the flexibility of an independent factoring company, but with the affordability and stability of an FDIC insured bank. It is the alternative loan arm of The Southern Bank Company. 100% Transparency. Invoice Factoring. Business owners always seek out ways to leverage their assets. To report lost or stolen ATM/debit cards, please call 1-866-546-8273 24 hours a day. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. 5. altLINE has been in the factoring industry for more than 80 years. Market Cap: 4. See how bankers, brokers, and financial advisors can partner with altLINE as a part of our referral program. Florida. Grey was previously the Director of Marketing for altLINE by The Southern Bank. If you need to improve your cash flow or have been denied financing from another lender, give altLINE a call at +1 (205) 607-0811 or fill out. AltLINE offers invoice factoring with competitive rates and flexible qualification requirements. Jim is the General Manager of altLINE by The Southern Bank. The exact timing of our cash advance deposit may vary depending on when your customer receives your goods or services. Jim is the General Manager of altLINE by The Southern Bank. AltLINE prides itself on serving businesses in a number of industries, in nearly any stage of growth and with a variety of financial needs. ’. Angela joined altLINE in 2022 after several years of working in digital marketing across various industries including financial services and B2B. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Lending Options. If you and a factor are working together by advancing funds on outstanding loans, you retain the ownership of. You will receive a single, $250 Visa e-gift card the first time your referral funds with altLINE. Call us at +1 (205) 607-0811. Therefore, if a customer you have invoiced does not pay the invoice that the factor has bought from you, for any reason, then your company is responsible for paying the factor. Back. With 10 years’ experience in digital marketing, content creation and small business operations, he helped businesses find the information they needed to make informed decisions about invoice factoring and A/R financing. With 10 years’ experience in digital marketing, content creation and small business operations, he helped businesses find the information they needed to make informed decisions about invoice factoring and A/R financing. See how bankers, brokers, and financial advisors can partner with altLINE as a part of our referral program. Alternatives To Invoice Factoring Companies for Small BusinessesDifferent factoring companies offer different services at varying pricing rates. Factoring with altLINE gets you the working capital you need to keep growing your business. For Bankers For Financial Advisors . Triumph – Best for construction and transportation. With this in mind, altLINE can. altLINE Best for Bank Factoring. Call the altLINE Factoring Hotline +1 (205) 607-0811. Do know, however, that UCC filings are commonly seen as an integral part of any form of lending. $10,000,000. Remember a shorter term is best, don’t sign multi-year agreements. It tops our list of invoice factoring companies because you can factor high volumes of invoices and receive an advance rate of up to 90%. Lending Options. When you factor your invoices with altLINE, you turn your receivables into immediate cash, giving you the working capital you need to pay expenses, make payroll and fuel growth. Your trusted bank partner in Invoice Factoring and Accounts Receivable Financing. 5%. In the rare instance your customer never. Some factoring companies require a time commitment of three to 12 months. When you factor with altLINE, we fund up to 90% of your invoices now, offering you a critical boost in cash flow that helps you stay on top of your expenses, no matter where your outstanding receivables stand. Revenue: $5 M Number of employees: 31 Market Cap: 4. Through these capabilities, and being able to ingest and match data from multiple channels, invoice automation software. […]Invoice Factoring. When you sell your invoices to the factor, it submits a notice of assignment and then. Many invoice factoring providers offer extra services for free, such as accounts receivable (A/R) management and collections. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Why We Chose It. This is where an alternative financing method such as invoice factoring can help. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Why factor with altLINE in Florida? Accounts Receivable Financing, or Factoring, is a quick, effective means of infusing your business with cash. AltLINE offers both accounts receivable financing and invoice factoring, working with small businesses in a variety of industries, including startups and those that can’t qualify for traditional. Effectively planning and strategizing is of utmost importance for any entrepreneur or small business owner; this is no different for trucking owner-operators. Is altline factoring right for your business: altline by Southern Bank is easy to approach, comprehensive, and responsive brand which helps you to get liquidity form a great alternative lending brand. Try Invoice Factoring. 100% Transparency. altLINE specializes in alternative lending – focusing solely on deals that fall outside of the traditional credit box – making the program an ideal secondary option for borrowers that don’t qualify for a line of credit. The exact timing of your cash deposit generally depends on your customer’s receipt and acknowledgment of goods. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Maximum Account Receivable: $4 million. altLINE Advances Up To 80-90% Of The Invoice Face Value. With 10 years’ experience in digital marketing, content creation and small business operations, he helped businesses find the information they needed to make informed decisions about invoice factoring and A/R financing. With 10 years’ experience in digital marketing, content creation and small business operations, he helped businesses find the information they needed to make informed decisions about invoice factoring and A/R financing. altLINE is a small business factoring solution provided by The Southern Bank.