100% Transparency. 50%. Learn more. 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. Lending Options. Need more cash in your business? Seasonality, delinquent customers, long payment cycles, and even rapid growth can put stress on your company’s cash reserves. For most factoring companies, lockboxes play a vital role in this process. The difference between recourse and non-recourse. The exact timing of your cash advance depends on the customer’s receipts and acknowledgment of goods. Lower Rates. A factoring contract is an agreement where a small business sells outstanding invoices to third parties — known as factors — in exchange for upfront cash. Our team also has more than 80 years of experience serving customers, and we have an A+ rating by the Better Business Bureau. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Invoice factoring is an alternative financing option in which a business sells its outstanding invoices to a third-party factoring company (often referred to as a factor) for a discounted rate. Zero Hidden Fees. Record a credit in recourse liability after estimating the bad debts and potential loss. COMMERCIAL FINANCING. 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. In finance, the term “float” can mean a lot of things. altLINE has been in the factoring industry for more than 80 years. You can generally expect a factoring advance rate of 80-90% of the total invoice value, and you will receive the cash advance between 24 and 48 hours after submission to altLINE. Prefer to do factoring through a bank? altLINE by The Southern Bank is our top pick if you want to cut out the middleman. Your business submits that same invoice to a third-party invoice factoring company, such as altLINE (Day 1). The cost of payroll funding for staffing agencies can range from 1% – 7% of the invoice face value, depending on several criteria. altLINE Advances Up To 80-90% Of The Invoice Face Value. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. 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. Angela loves creating content that helps readers better understand their financing options and helps them make informed decisions about factoring. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. 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. Market Cap: 4. Call the altLINE Factoring Hotline +1 (205) 607-0811. altLINE will factor up to $4 million in monthly. I found that altLINE had better reviews, was more responsive and more up front than the other providers I spoke with. Grey was previously the Director of Marketing for altLINE by The Southern Bank. The “altline factoring” is a company that specializes in invoice factoring. What makes us different? Trusted Bank Since 1936. altLINE Factoring. DUBAI, UAE, Nov. The exact timing of our deposit may vary depending on when you complete the job. 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. 50% with incredibly fast approvals. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Back. TCI Business Capital — Best for High Funding Amounts. altLINE Advances Up To 80-90% Of The Invoice Face Value. When selling your receivables, a factoring company like altLINE won’t require collateral. By factoring your invoices, you’re effectively selling your accounts receivable to a third party (a factoring company) in exchange for cash up front. Requires client’s customers to be credit worthy. Try Invoice Factoring. Florida. The NOA arrives in the mail in the format of a letter, as the initial communication notifying your customers of the change in structure and process. The total will be equal to 80% of $4,000 which is $3,200 ($4,000 x 80%). We have factored over $1 billion in invoices for our clients and are always looking to help business owners by taking over time-consuming A/R management. For some businesses, late customer invoice payments leave a lower net profit margin than desired. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. In under six months, D&A received a factoring credit line increase, enabling the business to access up to $500,000 in working capital. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. 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. It tops our list of invoice factoring companies because you can factor high volumes of invoices and receive an. Because you don’t have to wait 30 to 90 days to receive your money, you can put it to work immediately in your. altLINE — Best for Flexibility. AltLINE offers invoice factoring with competitive rates and flexible qualification requirements. It’s the ideal choice for businesses with a large volume of invoices to sell. The factor. AltLINE is a commercial financing division of The Southern Bank that offers invoice factoring services to businesses across the country. A factoring company purchases the right to a portion of your sales and then advances you the money before you receive payment from customers. Through invoice factoring, Hernandez has stabilized D&A’s cash flow and grown her business. altLINE will then advance you between 80%-90% of the receipt, giving itself a discount rate of between 0. 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%. While working locally with small and medium-sized businesses, The Southern Bank recognized the consistent need for non-traditional commercial lines of credit. Why factor with altLINE in South Carolina? Accounts Receivable Financing, or Factoring, is a quick, effective means of infusing your business with cash. The best factoring companies include AltLINE, FundThrough, RTS Financial, eCapital, TCI Business Capital and Riviera Finance. Jim is the General Manager of altLINE by The Southern Bank. Angela loves creating content that helps readers better understand their financing options and helps them make informed decisions about factoring. While altLINE runs a background and credit check for all applicants, it doesn’t have a minimum credit score requirement. Invoice factoring, or A/R financing, with altLINE gets you the instant cash you need so you can keep growing your business. altLINE — The Lowest Fees. FIND OUT MORE. Angela loves creating content that helps readers better understand their financing options and helps them make informed decisions about factoring. Moreover, our invoice factoring services help you focus on growing your. 1 billion. 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 Advances 80-90% Of The Invoice Face Value. Once the factoring company collects payment on the invoices (from the end customer) it advances the remaining 10-20% minus a “factoring fee” of anywhere from 1-5%. Min. The Southern Bank has been around for over 80 years so you know you’re in good hands. 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. Bank of. Credit score. 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. Note that factoring is an alternative lending option, which you can actually qualify for even with poor credit. Grey was previously the Director of Marketing for altLINE by The Southern Bank. 5% to 3% and up to 90% payment initially, invoice factoring through AltLINE could easily be one of the lowest interest rate loans available to your business. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Factoring for consulting firms through altLINE works by turning unpaid invoices into cash to pay operating expenses and payroll, while fueling company growth. Pricing. However, there is quite a bit of variance from source to source regarding small business owner salary. Grey was previously the Director of Marketing for altLINE by The Southern Bank. In general, the faster a staffing company’s customers pay, the better rate it will receive. Invoice factoring is the process of selling outstanding invoices to a third-party company (factoring company). Both operate on similar principles: Your invoices will go through altLINE for the duration of. 5. Invoice factoring is a great alternative finance solution that works great in these industries. Jim is the General Manager of altLINE by The Southern Bank. altLINE has been in the factoring industry for more than 80 years. Factors then make money from outstanding invoice. The Average Small Business Owner Salary Is $69,301. Invoice factoring is a great tool for improving cash flow for your business. A bank lockbox payment is a payment processing service in the form of a P. 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 truck’s odometer is read at the start and end of the trip, and the driver is paid based on the total mileage. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Advance rate. Zero Hidden Fees. 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. Business owners always seek out ways to leverage their assets. Turn your outstanding invoices into cash Give altLINE A Try . The exact timing of our cash advance deposit may vary depending on when your customer receives your goods or services. Small establishments are defined as those with fewer than 500 employees. Jim is the General Manager of altLINE by The Southern Bank. However, AltLINE also works with manufacturing businesses, distributors, and government contractors. Your customer pays in 30 days, so your fee will be 3% of $10,000, or $300. altLINE Advances 80-90% Of The Invoice Face Value. 100% Transparency. Jim is the General Manager of altLINE by The Southern Bank. A recession is usually defined as two back-to-back fiscal quarters in which the total amount of all goods and services declines. The exact timing of your cash advance deposit usually depends on the date of your client’s receipt and job completion. Staffing companies often fall victim to long invoice terms and slow-paying customers. com and more. Rated Top Factoring Company of 2023 Investopedia, TheBalanceSMB, Fundera, Business. Using Factoring to Reduce Cash Flow Problems. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. 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. Another top asset-based lender is altLINE. altLINE is the invoice factoring side of The Southern Bank Company, a community bank based in Alabama. 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. Jim is the General Manager of altLINE by The Southern Bank. The exact timing of your cash deposit generally depends on your customer’s receipt and acknowledgment of. 1. Initial Filing Fee / Origination Fee: An initial filing fee (or origination fee) is charged to process the invoice factoring application. This process helps companies keep consistent working capital available rather than struggling to deal with late invoice payments. AltLine Factoring. Accounts receivable financing, also called accounts receivable factoring, is the process of financing outstanding invoices in order to access the cash value sooner. If your invoice turnover time is between 30 and 90 days, your receivables are well-positioned for factoring. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally founded in 1936. 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. Educational services is the first industry in this ranking where average annual capital expenditures exceed the national average for all businesses of $206,383. Advertisers and marketers have flooded this internet with tons of Factoring that claim to be the best. With altLINE, businesses can receive an advance between 70% and 90% of an invoice's value that they can use to invest in their business. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. When you are approved, the factoring company sets up a factoring account to handle the transactions. Read on to learn more about the five most common sources of business startup capital. Specialty lenders often use the terms Accounts Receivable Financing and Factoring interchangeably. Includes info on AltLine, free trials, pricing and FAQs. Jim is the General Manager of altLINE by The Southern Bank. 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. Your business provides a service to a customer, then sends an invoice to that customer (Day 1). Get Started. altLINE. Grey was previously the Director of Marketing for altLINE by The Southern Bank. 5% – 4. Kansas City is the largest city in the state of Missouri. Finding the right financing fit for your client is what brokers do best. You can generally expect a factoring advance rate of 90-95% of the invoice’s face value and receive the cash advance between 24 and 48 hours after submission. With the federal funds rate at its highest since 2007, credit card annual percentage rates, or APRs, are also at record highs. This means that if the buyer pays the invoice within 10 days of receiving it, they will receive a 1% discount. 5%. altLINE deals in invoice factoring and accounts receivable factoring. As it grows, businesses turn to invoice factoring to help maintain working capital. Jim is the General Manager of altLINE by The Southern Bank. Lending Options. Invoice factoring is a form of alternative financing in which a company sells its outstanding invoices to a factoring company (a “factor”). 5% Maximum Account Receivable: $4 million. The payor is not permitted to deposit a check to a bank or financial institution. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Input the advance rate, which is typically 80% – 90% but can be as high as 99%. Fees can be negotiated with the factoring company and vary by client. Invoice Factoring. How are Accounts Receivable Financing Rates Determined?3. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. 1 10 Ways to Improve Cash Flow. The exact timing of your cash advance deposit usually depends on when you complete the treatment in question. Non-Recourse Factoring Explained. At altLINE, we provide invoice factoring to businesses across a variety of industries. 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. The factoring company charges a 3% factor fee for every 30 days it takes your customer to pay the invoice. Total business applications: 58,260 (Rank: #1) Business applications per capita: 26. Back. In today’s environment, buyers continue to stretch their suppliers’ payment terms, causing many small businesses in South Carolina to seek out alternative forms of financing. 75%). 100% Transparency. You can typically expect a factoring advance rate of 80-90% of your invoice’s face value, deposited within 24 to 48 hours of submission to altLINE. 5%. When these invoices, or accounts receivable, are paid by clients, the money will go to the factor, rather than the small business itself. 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. Triumph — Best for Same-day Funding. If you and a factor are working together by advancing funds on outstanding loans, you retain the ownership of. 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. We offer customized invoice factoring services for your location – including the states and cities below. Invoice factoring is a form of alternative financing that converts your outstanding invoices into cash by selling them to a third party, or factoring company, in exchange for a cash advance. altLINE is a part of The Southern Bank Company. That's one of the lowest you can get, making it more affordable. Spot factoring, also known as single invoice factoring, is a way for companies to improve cash flow without taking out a loan or selling equity. Learn how to apply, what. According to PayScale, the average small business owner takes home a salary of $69,301 per year. Call the altLINE Factoring Hotline. A bank factoring company like altLINE is member FDIC, or FDIC-insured, meaning altLINE must abide by state and federal regulations thus you have forms of protection when it comes to your money. 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. With this in mind, it is safe to say that a trucking business is one of the businesses with a high possibility of venturing from a startup to a large company within a short time. It is the alternative loan arm of The Southern Bank Company. 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. 100% Transparency. altLINE. 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. The factoring reserve is the money that is withheld from the cash advance sent by a factoring company to a business during the invoice factoring process. Some online lists of the worst factoring companies might consider altLINE solely because of the time it takes to process applications. 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. Once established, your factoring account can be used for all future invoice factoring. Invoice factoring fees are typically 1-5% of the total invoice value, which is usually a bit more expensive than other forms of financing. altLINE Advances 80-90% Of The Invoice Face Value. Zero Hidden Fees. Give altLINE A Try . altLINE offers competitive rates and can take advantage of not. AltLine is an invoice factoring company that offers invoice factoring, accounts receivable financing, and asset-based lending options. altLINE typically charges $350 – $500 for the initial filing fee, but we will occasionally. If you think invoice factoring might improve your working capital, call one of our representatives at +1 (205) 607-0811 or fill out our factoring quote form . altLINE Advances Up To 80-90% Of The Invoice Face Value. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. According to Justice, 65% of AltLINE’s portfolio is staffing and consulting firms. TBS — Best for Low Fees. Customer B has their account factored by 80%. Instead, many Virginia Beach business owners turn to invoice factoring as an effective and accessible alternative financing solution that boosts working capital. Both options are similar as they provide a cash advance for business owners to increase working capital and scale their growth. 5 /5. They’re incredibly unique because they’re a direct financing source, not a middle man. Call the altLINE Factoring Hotline. You can determine what your factoring rate will look like by requesting a free quote and details on its website. While working locally with small and medium-sized businesses, The Southern Bank recognized the consistent need for non-traditional commercial lines of credit. Payroll funding is a type of invoice factoring specific to the staffing industry. Like FundThrough, altLIne is fast—with funding in as few as 48 hours. Trusted Bank Since 1936. Here is a quick comparison of 5 best factoring companies. Back. Call the altLINE Factoring Hotline +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. Six Ways to Get Loads for Trucks. altLINE is an invoice factoring and A/R financing platform that’s backed by The Southern Bank Company. These unpaid invoices do not only affect the businesses in question but also impact the economy, making up 5% of America’s GDP and totaling $825 billion. S. Whether you're a banker, a broker or an advisor, altLINE has a program for you. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Best overall: altLINE. 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. Launched in 2011 and headquartered in Birmingham, altLINE is committed to providing small and midsized businesses a bank-backed factoring solution that prioritizes transparency, dependability, and customer service. Companies use the cash they receive from factoring for a variety of reasons, including: To make payroll. Learn about AltLine Invoice Factoring Software. The factoring company sends your business a cash advance, typically 80-90% of the invoice value (Day 2). altLINE Advances Up To 80-90% Of The Invoice Face Value. Remember a shorter term is best, don’t sign multi-year agreements. Finding the right financing fit for your client is what brokers do best. Our team moves quickly so that you can get the cash you need to keep growing your business. Businesses with larger transaction volumes and larger borrowing needs require custom. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. What makes us different? Trusted Bank Since 1936. 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. In. User-friendly online management: altLINE’s user-friendly online platform streamlines the factoring process, providing convenient access and management capabilities for business owners. Get Your Free Factoring Quote. What makes us different? Rates from 0. After the clients pay, the small business pays the loan back. altLINE. They don’t bill you for an origination fee but do charge an extra 1% for expedited funding. Factor Fee Speed; Up to 100% of invoice value: Until the customer pays the invoice: Approx. altLINE works mostly with clients who can commit to factoring a large amount of receivables regularly. Jim is the General Manager of altLINE by The Southern Bank. To take on new orders / clients. We also soften the financial blow of late customer payments by improving your cash flow. Max loan. To pay rent. Angela joined altLINE in 2022 after several years of working in digital marketing across various industries including financial services and B2B. Online load boards make finding loads for trucks accessible for every trucking company. Canva. To pinpoint the areas nationwide where small businesses abound, altLINE used Census Bureau data to find the county in each state with the highest concentration of small businesses in 2021, calculated as small establishments per 1,000 residents. Show More. altLINE Advances Up To 80-90% Of The Invoice Face Value. Rated Top Factoring Company of 2023 Investopedia, TheBalanceSMB, Fundera, Business. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. altLINE Advances Up To 80-90% Of The Invoice Face Value. 15% – 4. 3. Having established a strong. Understand how much it would cost to exit your agreement early in case you find yourself. 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). altLINE is a part of The Southern Bank Company. 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. Stay up-to-date with Factoring Services Market research offered by AMA Research. Best for Long-term unsecured business loans. Learn how to convert your unpaid invoices into working capital so you can get back to growing your business. Pay per mile is perhaps the most well-known and straightforward method of payment for truck drivers. Factoring with altLINE gets you the working capital you need to keep growing your business. 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. This is the early payment discount portion of the term, “1/10 net 30”. Factoring with altLINE gets you the working capital you need to keep growing your business. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. At altLINE, we have 84 years of experience helping small business owners manage and improve their A/R cash flow through invoice factoring. AltLINE offers fast invoice factoring through an online-based process. Invoice factoring is a form of alternative financing in which a company sells its outstanding invoices to a factoring company (a “factor”). Unpaid invoices hinder the day-to-day operations of small businesses that need capital to improve cash flow as only about 6% of invoices are paid within 30 days. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Compare the top options. Jim is the General Manager of altLINE by The Southern Bank. Your trusted bank partner in Invoice Factoring and Accounts Receivable Financing. 100% Transparency. What makes us different? Rates from 0. Debt factoring is based on selling accounts receivables to a third-party debt factoring. . For these businesses, invoice factoring is a viable option for obtaining access to capital but some businesses may be reluctant to utilize it for fear of affecting their credit score. Standard factoring agreements involve a factoring company like altLINE simply purchasing your accounts receivable. If slow-paying customers are making it difficult to reach your financial goals, a factoring company like altLINE can help. Turn your outstanding invoices into cash Give altLINE A Try . Invoice Factoring A/R Financing Payroll. You receive access to personalized jobs. Get Started. With this in mind, altLINE can factor up to $4 million per month and up to 90% of an invoice amount. Call us at +1 (205) 607-0811. altLINE offers competitive rates and can take advantage of not. BlueVine - Quick approval with low rates. altLINE offers competitive rates and can take advantage of not. At altLINE, we're aware that invoice factoring may not be the best fit for every business. Operating within an FDIC insured and state regulated bank, altLINE provides customers the flexibility of an independent financing company with the cost advantages and service. 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. Zero Hidden Fees. Invoice factoring fees are typically 1-5% of the total invoice value, which is usually a bit more expensive than other forms of financing. O. A staffing agency is an ideal option to navigate because they have a simple process for employees. A study by the Nebraska Business. 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. What’s more, much of that growth can be attributed to companies under 2 years old, which increased SBA 7 (a) borrowing by 83% from 2020 to 2022. The exact timing of our cash advance deposit may vary depending on when your customer receives. Invoice Factoring. 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. Pros:Jim is the General Manager of altLINE by The Southern Bank. It has factored more than $800 million in invoices and has been operating since 1936. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. A factoring contract is an agreement where a small business sells outstanding invoices to third parties — known as factors — in exchange for upfront cash. Just like invoice factoring, payroll funding turns a business’s outstanding invoices into cash by selling them to a third party. While the city isn’t as old as some, it served as the main. altLINE offers up to $5 million, and they don’t consider credit scores when deciding whether to work with you or. Based on their professionalism and customer service, I would recommend altLINE to other businesses looking for invoice factoring solutionsPayroll loans and payroll funding (also known as payroll factoring) provide important ways to balance occasionally unpredictable flows of money. 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. We have factored over $1 billion in invoices for our clients and are always looking to help business owners by taking over time-consuming A/R management responsibilities. Resourcing: If you have a smaller business and limited resources. Since altLINE sources its funds directly from its parent bank, rather than a 3rd party lender or source of funding like many factoring companies, factoring funds are sourced directly from altLINE to you. It can be hard to know which one is the best out of all those options. Can be more expensive than other financing products. Referral Program for Factoring Brokers. Get Started. Download a free staffing agency invoice template for Excel or Google Sheets. 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. Resources. The fees are modest. Factoring with altLINE gets you the working capital you need to keep growing your business. When you buy through links on our site, we may earn an affiliate commission. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally founded in 1936. Factoring with altLINE gets you the working capital you need to keep growing your business. altLINE reviews the relevant. Zero Hidden Fees. A bank factoring company is exactly what it sounds like, a federally regulated bank that factors invoices for clients. You can typically expect a factoring advance rate of 80-90% of your invoice’s face value, deposited within 24 to 48 hours of submission to altLINE. altLINE by The Southern Bank, Birmingham, Alabama. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. 5% per 10 days (1. You can generally expect a factoring advance rate of 80-90% of every invoice’s face value and receive the cash advance between 24 and 48 hours of submission to altLINE. On a $100,000 advance with a factor rate of 1. Invoice Factoring.