Call us at +1 (205) 607-0811. The exact timing of your cash advance deposit generally depends on when your customer receives the goods or services you sell. 75% to 3. 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. At altLINE, we're aware that invoice factoring may not be the best fit for every business. Kansas City is the largest city in the state of Missouri. When these invoices, or accounts receivable, are paid by clients, the money will go to the factor, rather than the small business itself. Learn how to convert your unpaid invoices into working capital so you can get back to growing your business. We provide smart,You can apply for invoice factoring from altLINE online—qualified businesses can receive funding in as little as 48 hours. If slow-paying customers are making it difficult to reach your financial goals, a factoring company like altLINE can help. ’. With a factoring fee of just 1. Grey was previously the Director of Marketing for altLINE by The Southern Bank. 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. Fast Approval. With this in mind, altLINE can. DUBAI, UAE, Nov. 8 Pay Slowly. 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. Triumph — Best for Same-day Funding. Have a Plan to Generate Revenue. The factor. Follow the steps below to quickly and easily estimate your factoring fees: Input the value of all the invoices you plan on factoring. Six Ways to Get Loads for Trucks. Back. Just like invoice factoring, payroll funding turns a business’s outstanding invoices into cash by selling them to a third party. Call the altLINE Factoring Hotline. Jim is the General Manager of altLINE by The Southern Bank. Invoice Factoring. 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. 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 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. The Southern Bank’s altLINE program unlocks the value in your outstanding invoices through Invoice Factoring, Accounts Receivable Financing and Asset Based Lending. The payor is the drawer of a check. Experience the flexibility of an independent factoring company, but with the affordability and stability of an FDIC insured bank. AltLINE - Invoice Factoring. 5% Maximum Account Receivable: $4 million. Small establishments are defined as those with fewer than 500 employees. Back. The best factoring companies include AltLINE, FundThrough, RTS Financial, eCapital, TCI Business Capital and Riviera Finance. 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. TCI Business Capital — Best for High Funding Amounts. Grey was previously the Director of Marketing for altLINE by The Southern Bank. See how bankers, brokers, and financial advisors can partner with altLINE as a part of our referral program. altLINE, which The Southern Bank Company offers a customer financing platform that is founded on accounts receivable. If you send in another referral, you will receive a second e-gift card upon that referral’s initial funding. Advances up to 90%. Advances up to 90%. Resources. A factoring contract is an agreement where a small business sells outstanding invoices to third parties — known as factors — in exchange for upfront cash. As an entrepreneur, it’s important to remember that leveraging mobile apps for running a small business is one of the most efficient ways to grow your company. 5%. Factor rates are typically between 1. Jim is the General Manager of altLINE by The Southern Bank. Zero Hidden Fees. A factoring company purchases the right to a portion of your sales and then advances you the money before you receive payment from customers. Zero Hidden Fees. Maximum Account Receivable: $4 million. Unlike most factoring companies, it is backed by an established, reputable bank. For most factoring companies, lockboxes play a vital role in this process. Factoring with altLINE gets you the working capital you need to keep growing your business. 5. 50%. Lending Options. It’s important to explore and weigh your options, so if you’re a business owner with questions about the factoring process, feel free to give altLINE a call at. The Bureau of Labor Statistics notes that entertainment employment is expected to increase by 13% from 2021 to 2031 —a rate faster than the growth rates of other jobs. Call us at +1 (205) 607-0811. However, before you take the plunge there are some pros and cons you should be aware of. 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. TBS — Best for Low Fees. altLINE will factor up to $4 million in monthly. Invoice Factoring. They don’t bill you for an origination fee but do charge an extra 1% for expedited funding. To use altLINE’s merchant cash advance calculator, input the following values and then click the “Calculate” button: Merchant Cash Advance Amount: This is the advance amount you expect to receive from an MCA lender. 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 top-notch services to companies looking for. 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. 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. Understand how much it would cost to exit your agreement early in case you find yourself. Check how key trends and emerging drivers are shaping this industry growth. 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 Advances 80-90% Of The Invoice Face Value. Pros:Jim is the General Manager of altLINE by The Southern Bank. Financing Cash Flow. Backed by The Southern Bank Company, altLINE has provided more than $1 billion in funded invoices since 1936. To buy inventory or raw materials. If you think invoice factoring for your staffing company is a better solution than selling at. Referral Program for Factoring Brokers. Asset-based loans or lines of credit can be borrowed against equipment, property, inventory or receivables (in the form of an invoice factoring service ). This lender requires that you are able to factor at least $15,000 per month. 2 Offer Early Payment Discounts. Interest rates may be low and capital abundant, but traditional business credit criteria remains tight. altLINE is a small business factoring solution provided by The Southern Bank. What Is Construction Factoring & How Does It Work? | altLINE Get Your Invoices Paid Faster With Construction Factoring Contents hide 1 What Is Construction Factoring? 2 Benefits Of Invoice. Trusted Bank Since 1936. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. 5 Charge a Late Payment Fee. Accounts receivable financing, also called accounts receivable factoring, is the process of financing outstanding invoices in order to access the cash value sooner. In 2020, truck drivers earned an average of 57 cents per. altLINE — The Lowest Fees. On net 30 terms, the customer must pay within 30 days of when the invoice for a product or service was provided. 50%. 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. Jim is the General Manager of altLINE by The Southern Bank. 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. Customer B has their account factored by 80%. 2. However, AltLINE also works with manufacturing businesses, distributors, and government contractors. Advances up to 90%. Aside from factoring, altLINE also offers some of the best financial solutions for your business such as accounts receivable financing and asset-based lending. Both operate on similar principles: Your invoices will go through altLINE for the duration of. 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. 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. The factor rate is typically between 1. 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 hours of submission to altLINE. altLINE Advances Up To 80-90% Of The Invoice Face Value. Janitorial factoring through altLINE works to fund your business through cash advances. Once you submit your quote request, a representative will be in touch with you immediately. Then you would create a purchase invoice for $2,400 and record it as an open purchase invoice. Invoice factoring is a great alternative finance solution that works great in these industries. You can expect a factoring advance rate of 80-90% of each invoice’s face value, and you’ll receive the cash advance between 24 and 48 hours of submission. Get Started. 5 % per 15 days thereafter; 4. Why factor with altLINE in Florida? Accounts Receivable Financing, or Factoring, is a quick, effective means of infusing your business with cash. According to the Transportation Statistics Annual Report, trucks transport 73% of total freight value and 67% of total freight weight. The exact timing of your cash advance deposit usually depends on the date of your client’s receipt and job. 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. Factoring with altLINE has its benefits. It is the alternative loan arm of The Southern Bank Company. If you run your own trucking business, or you’re in the process of becoming an owner-operator, you should make note of the following six ways to assist in finding and scheduling future hauls. Click calculate. Its blynk® digital payment system helps trucking companies get paid in minutes. Here are 9 unsecured business loans. Once established, your factoring account can be used for all future invoice factoring. Angela joined altLINE in 2022 after several years of working in digital marketing across various industries including financial services and B2B. altLINE Advances 80-90% Of The Invoice Face Value. Result: The factoring line that was put in place has given the founders to take on growth at a rapid, yet healthy pace. Angela loves creating content that helps readers better understand. O. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. altLINE is a part of The Southern Bank Company. 50%. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally founded in 1936. The bank has branch locations in Gadsden, Guntersville, Albertville and Centre, with a specialty commercial lending division, altLINE, operating out of Birmingham. No need to stress over sacrificing and potentially losing valuable assets. 7 Choose to Lease Instead of Buy. Invoice factoring fees are typically 1-5% of the total invoice value, which is usually a bit more expensive than other forms of financing. Non-Recourse Factoring Explained. Factor Rate: Similar to an interest rate, this determines how much the cash flow loan will cost. As a bank, AltLINE provides direct funding, eliminating the need for intermediaries and reducing borrowing costs. 100% Transparency. Description: altLINE is the invoice factoring division of The Southern Bank Company. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally founded in 1936. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. You tend to have more flexibility in which invoices you factor, while with invoice financing, you often have to submit your entire invoice book for financing. Accountants and Advisors Rely on altLINE. Power services. Fees can be negotiated with the factoring company and vary by client. When I was unable to make payroll and could not get a bank loan, I started looking for an invoice factoring partner. Invoice factoring fees are typically 1-5% of the total invoice value, which is usually a bit more expensive than other forms of financing. Moving forward, this is the factoring platform customers should use to manage their accounts and will act as the new client portal. 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. Jim is the General Manager of altLINE by The Southern Bank. Lending Options. 100% Transparency. Pricing. 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. 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. At altLINE, we're aware that invoice factoring may not be the best fit for every business. While working locally with small and medium-sized businesses, The Southern Bank recognized the consistent need for non-traditional commercial lines of credit. 50%. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. For Staffing Companies. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Best for: Fast access to invoice factoring for businesses who need at least $15,000 per month in factoring. Prefer to do factoring through a bank? altLINE by The Southern Bank is our top pick if you want to cut out the middleman. What makes us different? Rates from 0. Get Started. Invoice financing is a catch-all term to describe a number of business financing products that are backed, in some way, by unpaid invoices. When these invoices, or accounts receivable, are paid by clients, the money will go to the factor, rather than the small business itself. Invoice factoring is a great tool for improving cash flow for your business. Invoice Factoring altLINE Advances Up To 80-90% Of The Invoice Face Value. Updated on September 21st, 2023. Some businesses charge customers for providing a quote, while others offer free quotes. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Angela joined altLINE in 2022 after several years of working in digital marketing across various industries including financial services and B2B. Angela loves creating content that helps readers better understand their financing options and helps them make informed decisions about factoring. Solutions; Financial SolutionsClick below or call +1 (205) 607-0811. Non-Recourse Factoring Explained. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally founded in 1936. The company has grown from no revenue to $500,000 month in billings in the span of 6. 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. 957 M. 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. Factoring companies usually offer one of two types of factoring: recourse and non-recourse. Thus, this could also be written out as 1. Bank of. Businesses with larger transaction volumes and larger borrowing needs require custom. What makes us different? Rates from 0. 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. Jim is the General Manager of altLINE by The Southern Bank. 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. Typically, invoice automation software has capabilities that include sending, receiving, reviewing, matching, and approving invoices. The company has grown from no revenue to $500,000 month in billings in the. However, there is quite a bit of variance from source to source regarding small business. To recap, when you sign an agreement with a factoring company: 1. AltLINE This immediately makes them a competitive consideration if you’re looking for flexible cash flow through invoice factoring. Whether you're a banker, a broker or an advisor, altLINE has a program for you. With business growth comes the need for 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. 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 SMB Guide is reader-supported. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. 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. Give altLINE a Call. Full recourse factoring places all of the business’s liability that has engaged a factor for invoice factoring. Call the altLINE Factoring Hotline. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. 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. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally founded in 1936. 100% Transparency. ” Instead of waiting 30, 60, or even 90 days, they can receive a large portion of the owed amount within 1 or 2 days. For Brokers . That's one of the lowest you can get, making it more affordable. Invoice Factoring. Not only is altLINE a bank factoring company, but we have 86 years of experience serving customers. At the same time, they’re forced to make. Instead of waiting on customers to pay their invoices, a janitorial factoring company can give you cash whenever needed. 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. 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. 50%. Fri, Nov-2023. altLINE is a factoring company operating under the Southern Bank Company’s umbrella, providing direct access to funding without intermediaries. 9 Negotiate Better Payment Terms. altLINE Advances Up To 80-90% Of The Invoice Face Value. With more than 85 years of experience serving customers, we provide you with the best client services, assigning you a dedicated account manager. BlueVine - Quick approval with low rates. AltLine Factoring. Invoice Factoring. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. 5% per 10 days (1. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Call the altLINE Factoring Hotline +1 (205) 607-0811. 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. Invoice Factoring. Tom’s Trucking is a refrigerated freight company that uses altLINE to factor its invoices. Zero Hidden Fees. On average, however, they fund customers about $500,000 per month. Your business submits that same invoice to a third-party invoice factoring company, such as altLINE (Day 1). Revenue: $5 M. A/R Financing. A recession is usually defined as two back-to-back fiscal quarters in which the total amount of all goods and services declines. Angela loves creating content that helps readers better understand their financing options and helps them make informed decisions about factoring. The exact timing of your cash deposit generally depends on your customer’s receipt and acknowledgment of. FIND OUT MORE. How are Accounts Receivable Financing Rates Determined?3. Jim is the General Manager of altLINE by The Southern Bank. Factors then make money from outstanding invoice. The fees are modest. For some businesses, late customer invoice payments leave a lower net profit margin than desired. 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. Jim is the General Manager of altLINE by The Southern Bank. Jim is the General Manager of altLINE by The Southern Bank. Educational services. 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. Advances up to 90%. AltLINE Factoring is a reliable factoring company that offers financing solutions tailored to meet the cash flow needs of businesses. However, there is quite a bit of variance from source to source regarding small business owner salary. Factoring with altLINE gets you the working capital you need to keep growing your business. Show More. Invoice factoring is the process of selling outstanding invoices to a third-party company (factoring company). 2 and 1. 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. Factoring with altLINE gets you the working capital you need to keep growing your business. This type of financing offers faster, easier approval, and is. 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. These higher fees can lead to a lower profit margin for businesses. Click calculate. 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. The bank has factored over $800 million in invoices over more than 80 years. Advance rate. Jim is the General Manager of altLINE by The Southern Bank. The remaining 10-20% is held in reserve. altLINE deals in invoice factoring and accounts receivable factoring. The exact timing of your cash deposit generally depends on your customer’s receipt and acknowledgment of goods. Jim is the General Manager of altLINE by The Southern Bank. Jim is the General Manager of altLINE by The Southern Bank. These products can be useful for B2B businesses with slow-paying customers. Back. 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. It offers the same services as independent factoring companies while. 5%-5%. February 7, 2017 / by Grey Idol. 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 partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Read on to learn more about the five most common sources of business startup capital. Factoring with altLINE gets you the working capital you need to keep growing your business. Rates may differ for individual businesses based on credit history, industry or other factors. The average interest rate on a. 11. Fast Approval. Get a Quote. Back. The Southern Bank meets. 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. The highest pay recorded for small business owners is $135,000, and the lowest pay is $30,000. 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. 5% to 2. This means you will not have to wait for 30 or 90 days to receive the money owned by online stores. 24, 2023 /PRNewswire/ -- As per a recent report released by Kings Research, the global Factoring Services Market is anticipated to grow from USD. When you are approved, the factoring company sets up a factoring account to handle the transactions. To compare business strategies for surviving the recent COVID-19 crisis and a typical recession, altLINE analyzed research from the World Bank, data from the Federal Reserve, and news reports. altLINE works mostly with clients who can commit to factoring a large amount of receivables regularly. Trusted Bank Since 1936. Note: These are average rates. Call the altLINE Factoring Hotline. 5. Learn how to convert your unpaid invoices into working capital so you can get back to growing your business. 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. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Eligibility:Companies qualify for factoring through altLINE based on their gross monthly sales minimum and other requirements. altLINE — Best for Flexibility. This works in 4 short steps. Best for Long-term unsecured business loans. Because you don’t have to wait 30 to 90 days to receive your money, you can put it to work immediately in your. A staffing agency is an ideal option to navigate because they have a simple process for employees. Fast Approval. Both options are similar as they provide a cash advance for business owners to increase working capital and scale their growth. Unfortunately, no. altLINE Advances Up To 80-90% Of The Invoice Face Value. Stay up-to-date with Factoring Services Market research offered by AMA Research. Grey was previously the Director of Marketing for altLINE by The Southern Bank. 50% with incredibly fast approvals. altLINE has made invoicing your clients that much easier. Specialty lenders often use the terms Accounts Receivable Financing and Factoring interchangeably. 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. To take on new orders / clients. My experience with altLINE's invoice factoring service has been exemplary. 5%. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. altLINE. 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. When it comes to non-traditional financing solutions, invoice financing and factoring are common alternatives to transforming your accounts receivables for quick funding. 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. The exact timing of your cash advance deposit usually depends on the date of your client’s receipt and job completion. 2 and 1. 1 10 Ways to Improve Cash Flow. When selling your receivables, a factoring company like altLINE won’t require collateral. 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. Result: The factoring line that was put in place has given the founders to take on growth at a rapid, yet healthy pace. Outstanding Factoring Services. Whether you're a banker, a broker or an advisor, altLINE has a program for you. Try Invoice Factoring. To pay rent. Trusted Bank Since 1936. Learn how to apply, what. The demand for factoring companies continues to increase as businesses look for additional. Give altLINE A Try . Best for Unsecured invoice factoring. Jim is the General Manager of altLINE by The Southern Bank. What makes us different? Rates from 0. Record a credit in recourse liability after estimating the bad debts and potential loss. altLINE Advances Up To 80-90% Of The Invoice Face Value. Many invoice factoring providers offer extra services for free, such as accounts receivable (A/R) management and collections. Our team moves quickly so that you can get the cash you need to keep growing your business. You then have to repay the company the full amount, plus interest. Grey was previously the Director of Marketing for altLINE by The Southern Bank. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. altLINE has been in the factoring industry for more than 80 years. Trucking and transportation is one of the industries AltLine services. Grey was previously the Director of Marketing for altLINE by The Southern Bank. On a $100,000 advance with a factor rate of 1. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. It is the alternative loan arm of The Southern Bank Company. Get Your Free Factoring Quote. Input the advance rate, which is typically 80% – 90% but can be as high as 99%. Remember a shorter term is best, don’t sign multi-year agreements. Get Started. We offer customized invoice factoring services for your location – including the states and cities below. The factor provides a cash advance to the business that sold the invoice (typically 80 to 90% of the invoice face value) and works with their customers. We help provide solutions to customers from a wide variety of sources. […]Invoice Factoring. The ultimate goal of non-notification factoring is the same as that of traditional invoice factoring – to increase working capital. Spot factoring differs from traditional invoice factoring because it is primarily used to factor a single large invoice, rather than a set of 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. Having established a strong. 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. This process helps companies keep consistent working capital available rather than struggling to deal with late invoice payments. Turn your outstanding invoices into cash Give altLINE A Try . Companies over 2 years old saw just 3% growth in that time. This information can help you make the right decision for your business. 75%). altLINE A/R Financing . Regardless, this is simply another way your score can be revealed. Below are a few sectors that we can help, but our factoring services are not limited to just the industries below. altLINE has been in the factoring industry for more than 80 years. 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.