While working locally with small and medium-sized businesses, The Southern Bank recognized the consistent need for non-traditional commercial lines of credit. AltLINE This immediately makes them a competitive consideration if you’re looking for flexible cash flow through invoice factoring. 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. 5% – 4. The exact timing of your cash deposit generally depends on your customer’s receipt and acknowledgment of goods. Accountants and Advisors Rely on altLINE. Having established a strong. 10. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Learn more about invoice factoring, alternative financing and other small business finance topics. Advertisers and marketers have flooded this internet with tons of Factoring that claim to be the best. Flexibility: If you want to choose which invoices to use for financing purposes, factoring may be the option for you. Learn how to convert your unpaid invoices into working capital so you can get back to growing your business. 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. The Washington Policy Center, a think tank focused on the free market, blames state policies, from local taxes to rules and mandates. If you’re looking to. Back. 75% to 3. 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. The final bullet leads us to step No. Unlike most competitors, altLINE offers a factoring fee starting at 0. altLINE deals in invoice factoring and accounts receivable factoring. 5%. altLINE has been in the factoring industry for more than 80 years. Pros:Jim is the General Manager of altLINE by The Southern Bank. You can apply for invoice. AltLine is an invoice factoring company that offers invoice factoring, accounts receivable financing, and asset-based lending options. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. 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. 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. Kansas City is the largest city in the state of Missouri. To pay rent. 100% Transparency. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Factoring rate. altLINE offers up to $5 million, and they don’t consider credit scores when deciding whether to work with you or. Fast Approval. Get Started. But, when business owners better understand what goes into calculating their credit score and how factoring works, they discover that, not only does invoice. We help answer questions about companies, rates, structure & more. Note: These are average rates. While factoring accounts receivable can be a more expensive form of financing – factoring fees can range between 1% and 3% per month, you can control your costs by submitting invoices only when the need for cash arises. The truck’s odometer is read at the start and end of the trip, and the driver is paid based on the total mileage. 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. 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 offer invoice factoring, a/r financing and asset based lending. Funding can be available within 24 to 48 hours. altLINE typically charges $350 – $500 for the initial filing fee, but we will occasionally. A factoring contract is an agreement where a small business sells outstanding invoices to third parties — known as factors — in exchange for upfront cash. For some businesses, late customer invoice payments leave a lower net profit margin than desired. Effectively planning and strategizing is of utmost importance for any entrepreneur or small business owner; this is no different for trucking owner-operators. With a factoring fee of just 1. Why factor with altLINE in Florida? Accounts Receivable Financing, or Factoring, is a quick, effective means of infusing your business with cash. altLINE. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. The fees are modest. 1. Unlike many factoring companies, altLINE has factoring programs specifically catering to start up businesses and was able to put a facility in place. The bank has factored over $800 million in invoices over more than 80 years. Grey was previously the Director of Marketing for altLINE by The Southern Bank. If you send in another referral, you will receive a second e-gift card upon that referral’s initial funding. Result: The factoring line that was put in place has given the founders to take on growth at a rapid, yet healthy pace. 5%-5%. One way to do so is by utilizing debt factoring — a specific form of financing designed to help partners and managers reach short-term business goals and obtain funding without a loan. 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. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. Trusted Bank Since 1936. SMB Compass — Best invoice financing up to $10 million. It is the alternative loan arm of The Southern Bank Company. This information can help you make the right decision for your business. Here is the list of factoring companies with a specialty in invoicing: Breakout Capital; Triumph Business Capital; Nav (Business financing options/Invoice financing) eCapital; altLINE (altline. 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. In today’s environment, buyers continue to stretch their suppliers’ payment terms, causing many small businesses in Florida to seek out alternative forms of financing. Aladdin Capital — Best for Small Business. 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 . Factoring for consulting firms through altLINE works by turning unpaid invoices into cash to pay operating expenses and payroll, while fueling company growth. 4 likes. Jim is the General Manager of altLINE by The Southern Bank. Because altLINE is both a factoring company and an FDIC insured bank, we provide more transparency and lower rates than independent invoice factoring companies. Rated Top Factoring Company of 2023 Investopedia, TheBalanceSMB, Fundera, Business. Jim is the General Manager of altLINE by The Southern Bank. 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. 5. Therefore, once your customer pays the invoice to your factor, the factor can simply pay out the remaining invoice amount to your business (minus a small factoring fee, typically 0. TBS — Best for Low Fees. 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. Advances up to 90%. 4 Send Invoices Quickly. With this in mind, altLINE can. 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. 87 years. 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. Map-out how you’ll generate revenue. Even if your customer doesn’t pay the invoice immediately, you still receive that capital thanks to the cash advance. According to PayScale, the average small business owner takes home a salary of $69,301 per year. At altLINE, we're aware that invoice factoring may not be the best fit for every business. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. RTS Financial — Best for Industry-specific Services. Result: The factoring line that was put in place has given the founders to take on growth at a rapid, yet healthy pace. OTR Solutions – Best for freight companies. Breakout Capital — Best invoice factoring for startups; altLINE by The Southern Bank — Best for bank invoice factoring; RTS Financial — Best for industry-specific factoring; When it Makes Sense to Invest Into a Factoring Company. In invoice factoring relationships, float refers to the difference between the time the finance company receives a payment and when it gives the factoring customer credit for the payment. 5. Triumph – Best for construction and transportation. The Southern Bank meets. AltLINE offers fast invoice. When utilized correctly, the. Some companies use invoice factoring for revenue stability. The exact timing of our deposit may vary depending on when you complete the job. General B2B Businesses. $10,000,000. A quote in business, also known as a price quote, is an estimation document sent by a seller that tells the customer, in detail, how much a specific project or service is expected to cost. Non-Recourse Factoring Explained. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Record a credit in recourse liability after estimating the bad debts and potential loss. Revenue: $5 M. Initial Filing Fee / Origination Fee: An initial filing fee (or origination fee) is charged to process the invoice factoring application. Note that factoring is an alternative lending option, which you can actually qualify for even with poor credit. See how bankers, brokers, and financial advisors can partner with altLINE as a part of our referral program. Your business provides a service to a customer, then sends an invoice to that customer (Day 1). 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. Call us at +1 (205) 607-0811. altLINE — Best for Flexibility. 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. 5% to 2. Typically, invoice automation software has capabilities that include sending, receiving, reviewing, matching, and approving invoices. 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. Grey was previously the Director of Marketing for altLINE by The Southern Bank. altLINE works with all business types, including startups and companies with poor or limited credit. Fast Approval. Min. This means that if the buyer pays the invoice within 10 days of receiving it, they will receive a 1% discount. Turn your outstanding invoices into cash Give altLINE A Try . Jim is the General Manager of altLINE by The Southern Bank. The exact timing of your cash advance deposit usually depends on the date of your client’s receipt and job. Debt factoring, perhaps more commonly known as invoice factoring,. If it takes your customer three months to pay. Educational services. By eliminating intermediaries, the company reduces costs and improves reliability and trust for its clients. Jim is the General Manager of altLINE by The Southern Bank. Rates may differ for individual businesses based on credit history, industry or other factors. Triumph — Best for Same-day Funding. Before selling, collect your unpaid invoices, making sure to select high-value invoices that can provide enough cash inflows during the payment duration. While the city isn’t as old as some, it served as the main. What makes us different? Rates from 0. Benefits of Invoice Factoring. 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. Instead of waiting on customers to pay their invoices, a janitorial factoring company can give you cash whenever needed. 5%. 50%. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally founded in 1936. The ultimate goal of non-notification factoring is the same as that of traditional invoice factoring – to increase working capital. AltLINE - Invoice FactoringaltLINE has been wonderful to work with and I’ve always felt confident that they have my back. Trusted Bank Since 1936. After the clients pay, the small business pays the loan back. I found that altLINE had better reviews, was more responsive and more up front than the other providers I spoke with. Customer B has their account factored by 80%. The factoring company sends your business a cash advance, typically 80-90% of the invoice value (Day 2). 4. 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. Back. The company has grown from no revenue to $500,000 month in billings in the. Fees for invoice factoring tend to range from 1% to 5% while fees for invoice discounting can range from 1. Both operate on similar principles: Your invoices will go through altLINE for the duration of your contract. Factoring with altLINE gets you the working capital you need to keep growing your business. With business growth comes the need for invoice factoring. 75%). Get Started. The notice of assignment (NOA) informs your customer that a third party (bank, financing company, or factoring company) will manage and collect your accounts receivable (AR) going forward. 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. It can be hard to know which one is the best out of all those options. Unlike many factoring companies, altLINE has factoring programs specifically catering to start up businesses and was able to put a facility in place. altLINE offers competitive rates and can take advantage of not. What makes us different? Rates from 0. Angela loves creating content that helps readers better understand their financing options and helps them make informed decisions about factoring. 6 Reduce Inventory. Here is a quick comparison of 5 best factoring companies. September 28, 2023 / by Jim Pendergast. . We also soften the financial blow of late customer payments by improving your cash flow. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Many invoice factoring providers offer extra services for free, such as accounts receivable (A/R) management and collections. You then have to repay the company the full amount, plus interest. Input the advance rate, which is typically 80% – 90% but can be as high as 99%. Jim is the General Manager of altLINE by The Southern Bank. With the federal funds rate at its highest since 2007, credit card annual percentage rates, or APRs, are also at record highs. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. 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. Call us at +1 (205) 607-0811. 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. For Staffing CompaniesaltLINE Advances Up To 80-90% Of The Invoice Face Value. 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. It has factored more than $800 million in invoices and has been operating since 1936. Although, you may pay an origination fee that typically runs from. Call the altLINE Factoring Hotline +1 (205) 607-0811. Browse by Topic. B2B factoring, also known as business-to-business factoring, is a financial transaction in which a business sells its accounts receivables, or unpaid invoices, to a third-party company, known as a factoring company. Pay Per Mile. altLINE is a part of The Southern Bank Company. Not as suitable for startups or newer businesses. 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. Advances up to 90%. Power services. Lower Rates. With security guard factoring, a third-party factoring company such as altLINE fronts 80-90% of an invoice, allowing security companies like yours to instantly unlock capital within days of invoicing a customer. Asset-based lending (ABL) is the process of borrowing money that is secured by an asset, or collateral. 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. Staffing companies often fall victim to long invoice terms and slow-paying customers. It is the alternative loan arm of The Southern Bank Company. 2. Angela joined altLINE in 2022 after several years of working in digital marketing across various industries including financial services and B2B. At the same time, they’re forced to make. On net 30 terms, the customer must pay within 30 days of when the invoice for a product or service was provided. And, unlike other providers that hide a range of fees, our transparent pricing structure keeps you in control of your financing costs. 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. 5%. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Resources. Factoring with altLINE gets you the working capital you need to keep growing your business. This means you will not have to wait for 30 or 90 days to receive the money owned by online stores. Unfortunately, no. For Bankers For Financial Advisors . Nebraska and North Dakota are other states where small businesses fail at high rates. What makes us different? Trusted Bank Since 1936. Below are a few sectors that we can help, but our factoring services are not limited to just the industries below. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. altLINE's low fees make it the best overall factoring company By Brian Carmody Updated May 04, 2023 Fact checked by Hans Daniel Jasperson We. The exact timing of your cash advance deposit usually depends on the date of your client’s receipt and job completion. Requires client’s customers to be credit worthy. We offer customized invoice factoring services for your location – including the states and cities below. RTS Financial — Best for Industry-specific Services. Dealing With Slow-Paying Customers? altLINE Can Help. altLINE reviews the relevant. In general, the faster a staffing company’s customers pay, the better rate it will receive. Advances up to 90%. A/R Financing. altLINE Advances Up To 80-90% Of The Invoice Face Value. S. 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. Some online lists of the worst factoring companies might consider altLINE solely because of the time it takes to process applications. You could end up paying $1,000 to get out of the contract. Get Started. If your typical invoice turnover time is between 30 and 90 days, your receivables are well-positioned for factoring. 1 10 Ways to Improve Cash Flow. ZERO Hidden Fees. Standard factoring agreements involve a factoring company like altLINE simply purchasing your accounts receivable. Dealing With Slow-Paying Customers? altLINE Can Help. Some factoring companies require a time commitment of three to 12 months. 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. They offer easy approval, low rates, transparency, and are FDIC-insured. Give altLINE A Try . Initial Filing Fee / Origination Fee: An initial filing fee (or origination fee) is charged to process the invoice factoring application. 5%. Factors then make money from outstanding invoice. The highest pay recorded for small business owners is $135,000, and the lowest pay is $30,000. Jim is the General Manager of altLINE by The Southern Bank. For financial and business advisors, having a reputable secondary. You will receive a single, $250 Visa e-gift card the first time your referral funds with altLINE. Invoice factoring is a great alternative finance solution that works great in these industries. Factoring with altLINE has its benefits. 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. Invoice Factoring. 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. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Invoice factoring turns receivables into cash faster and easier than bank loans, all without affecting your credit profile. 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. 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 receive access to personalized jobs. Jim is the General Manager of altLINE by The Southern Bank. This process helps companies keep consistent working capital available rather than struggling to deal with late invoice payments. 5. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. 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. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Invoice factoring, or A/R financing, with altLINE gets you the instant cash you need so you can keep growing your business. 8 Pay Slowly. 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. Triumph — Best for Same-day Funding. altLINE typically charges $350 – $500 for the initial filing fee, but we will occasionally. 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. 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. That's one of the lowest you can get, making it more affordable. altLINE is a part of The Southern Bank Company. Its blynk® digital payment system helps trucking companies get paid in minutes. Educational services is the first industry in this ranking where average annual capital expenditures exceed the national average for all businesses of $206,383. 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. Trusted Bank Since 1936. Know your notification date and set up a calendar reminder to review the agreement each year. altLINE is an invoice factoring and A/R financing platform that’s backed by The Southern Bank Company. This rate is typically 0. Call us at +1 (205) 607-0811. 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. 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. 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. Small establishments are defined as those with fewer than 500 employees. The difference between recourse and non-recourse. Why We Chose It. altLINE has made invoicing your clients that much easier. 3 Factor Your Invoices. Debt factoring is based on selling accounts receivables to a third-party debt factoring company. Fast Approval. altLINE will factor up to $4 million in monthly. 5% Maximum Account Receivable: $4 million. With an A+ rating from the Better Business Bureau, 40+ 5-star ratings on Trustpilot , and top marks from sites like Investopedia and Forbes , we offer a top notch customer experience and provide you with funding fast. Invoice factoring is a fast, effective and affordable alternative to traditional financing that does not impact a business’s credit. AltLINE’s fees are structured in such a manner that it benefits bills that are paid within 30 days. Through these capabilities, and being able to ingest and match data from multiple channels, invoice automation software. 2. Invoice Factoring. Turn your outstanding invoices into cash Give altLINE A Try . Call us at +1 (205) 607-0811. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. 24, 2023 /PRNewswire/ -- As per a recent report released by Kings Research, the global Factoring Services Market is anticipated to grow from USD. 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. Jim is the General Manager of altLINE by The Southern Bank. For most factoring companies, lockboxes play a vital role in this process. 50%. 100% Transparency. This is where an alternative financing method such as invoice factoring can help. Grey was previously the Director of Marketing for altLINE by The Southern Bank. At altLINE, we purposefully differentiate between the two with distinct structures. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Each client and each operator may be unique, but the common causes and resulting pains caused by cash flow difficulties are universal. 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. This lag in time may equate to as long as 30-60 days and causes cash flow problems for many businesses, particularly staffing companies. TCI Business Capital — Best for High Funding Amounts. Jim is the General Manager of altLINE by The Southern Bank. Get Started. Termination Fee. Trucking and transportation is one of the industries AltLine services. Why factor with altLINE in South Carolina? Accounts Receivable Financing, or Factoring, is a quick, effective means of infusing your business with cash. As a bank factoring company, altLINE offers various invoice factoring and accounts receivable financing structures to fit the varying needs of a business. Factor Fee Speed; Up to 100% of invoice value: Until the customer pays the invoice: Approx. The exact timing of your cash advance deposit usually depends on when you complete the treatment in question. 4%. For Brokers . 1. altLINE Advances Up To 80-90% Of The Invoice Face Value. 2. Outstanding Factoring Services. Like FundThrough, altLIne is fast—with funding in as few as 48 hours. Referral Program for Factoring Brokers. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. See how bankers, brokers, and financial advisors can partner with altLINE as a part of our referral program. Thus, this could also be written out as 1. Debt factoring is based on selling accounts receivables to a third-party debt factoring. Resources. The company offers factoring services to a variety of industries aside from truck companies, making it the best option for virtually any small business. You can usually expect a factoring advance rate of 80-90% of your invoice’s value and a cash advance deposit between 24 and 48 hours after submission to altLINE. What makes us different? Rates from 0. Their understanding of my industry has facilitated a seamless and efficient funding process. Here are 9 unsecured business loans. Rated Top Factoring Company of 2023 Investopedia, TheBalanceSMB, Fundera, Business. AltLINE Factoring is a reliable factoring company that offers financing solutions tailored to meet the cash flow needs of businesses. altLINE Advances Up To 80-90% Of The Invoice Face Value. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Businesses in Arkansas within these industries should consider working. With traditional factoring, A/R financing and asset based lending, altLINE accelerates your cash flow and allows you to. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Understand how much it would cost to exit your agreement early in case you find yourself. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Invoice Factoring. 75% to 3. Financing cash inflows and outflows are typically driven by debt and equity financing. altLINE by The Southern Bank, Birmingham, Alabama. Asset-based loans or lines of credit can be borrowed against equipment, property, inventory or receivables (in the form of an invoice factoring service ). Best for Unsecured invoice factoring. Advances up to 90%. Full recourse factoring places all of the business’s liability that has engaged a factor for invoice factoring. 2. box. Zero Hidden Fees. Here at altLINE, we make brokers’ lives easier by offering speed, flexibility, and a competitively priced offering that gets deals done, and we do so while offering a competitive commission structure that compensates your for your. Call us at +1 (205) 607-0811. altLINE A/R Financing . altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. 100% Transparency. The SMB Guide is reader-supported. Do know, however, that UCC filings are commonly seen as an integral part of any form of lending. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally founded in 1936. First, a factoring company such as altLINE will fund a cash advance of 80-90% of the outstanding invoice. Best for: Fast access to invoice factoring for businesses who need at least $15,000 per month in factoring. However, AltLINE also works with manufacturing businesses, distributors, and government contractors.