Jim is the General Manager of altLINE by The Southern Bank. Your trusted bank partner in Invoice Factoring and Accounts Receivable Financing. 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. Financing cash inflows and outflows are typically driven by debt and equity financing. This is the early payment discount portion of the term, “1/10 net 30”. altLINE has been in the factoring industry for more than 80 years. Just like invoice factoring, payroll funding turns a business’s outstanding invoices into cash by selling them to a third party. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Invoice factoring fees are typically 1-5% of the total invoice value, which is usually a bit more expensive than other forms of financing. You can generally expect a factoring advance rate of up to 90% of the invoice’s face value and receive the cash advance between 24 and 48 hours after submission to our government contract factoring company. Angela loves creating content that helps readers better understand their financing options and helps them make informed decisions about factoring. They offer top-notch services to companies looking for. Factoring with altLINE gets you the working capital you need to keep growing your business. With the federal funds rate at its highest since 2007, credit card annual percentage rates, or APRs, are also at record highs. Check how key trends and emerging drivers are shaping this industry growth. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. These products can be useful for B2B businesses with slow-paying customers. 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. Non-Recourse Factoring Explained. Not only is altLINE a bank factoring company, but we have 86 years of experience serving customers. Back. At the same time, they’re forced to make. Jim is the General Manager of altLINE by The Southern Bank. Unlike many factoring companies, altLINE has factoring programs specifically catering to start up businesses and was able to put a facility in place. Learn how to convert your unpaid invoices into working capital so you can get back to growing your business. Sample fees include: 1% per 10 days (3% per month) 0. . You fill out an application through the staffing agency. Nebraska and North Dakota are other states where small businesses fail at high rates. The bank has factored over $800 million in invoices over more than 80 years. 5. Stay up-to-date with Factoring Services Market research offered by AMA Research. The company has grown from no revenue to $500,000 month in billings in the span of 6. Another top asset-based lender is altLINE. 87 years. As a company grows and experiences an increased need for cash, they will likely seek out various forms of financing. 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 customers to pay them. Advances up to 90%. According to PayScale, the average small business owner takes home a salary of $69,301 per year. NerdWallet rating Key Facts. 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. Flexibility: If you want to choose which invoices to use for financing purposes, factoring may be the option for you. They’re incredibly unique because they’re a direct financing source, not a middle man. Zero Hidden Fees. Eligibility:Companies qualify for factoring through altLINE based on their gross monthly sales minimum and other requirements. Here are the top factoring companies for several different circumstances. AltLINE offers both accounts receivable financing and invoice factoring, working with small businesses in a variety of industries, including startups and those that can’t qualify for traditional. 2. Call us at +1 (205) 607-0811. Includes info on AltLine, free trials, pricing and FAQs. Grey was previously the Director of Marketing for altLINE by The Southern Bank. With more than 85 years of experience serving customers, we provide you with the best client services, assigning you a dedicated account manager. To pay rent. First, a factoring company such as altLINE will fund a cash advance of 80-90% of the outstanding invoice. Remember a shorter term is best, don’t sign multi-year agreements. Invoice Factoring. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. 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. 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. When you are approved, the factoring company sets up a factoring account to handle the transactions. Zero Hidden Fees. altLINE — Best for Flexibility. When these invoices, or accounts receivable, are paid by clients, the money will go to the factor, rather than the small business itself. S. Why factor with altLINE in South Carolina? Accounts Receivable Financing, or Factoring, is a quick, effective means of infusing your business with cash. Best overall: altLINE. 100% Transparency. Factoring by Industry. 100% Transparency. If you and a factor are working together by advancing funds on outstanding loans, you retain the ownership of. altLINE is one of the top factoring companies overall. altLINE typically charges $350 – $500 for the initial filing fee, but we will occasionally. Learn how to convert your unpaid invoices into working capital so you can get back to growing your business. […]Invoice Factoring. Kansas City is the largest city in the state of Missouri. Instead of waiting on customers to pay their invoices, a janitorial factoring company can give you cash whenever needed. Your business provides a service to a customer, then sends an invoice to that customer (Day 1). Invoice factoring is the process of selling outstanding invoices to a third-party company (factoring 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. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. box. It offers businesses the flexibility of an independent financing company with the cost savings of a bank. The factoring company sends your business a cash advance, typically 80-90% of the invoice value (Day 2). Importantly, lending in 2022 was still about 14% above 2020, showing that at least some of the growth continued. 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. 1. Call the altLINE Factoring Hotline. Interest rates may be low and capital abundant, but traditional business credit criteria remains tight. Having established a strong. Total 2021 capital expenditures industrywide: $8. As it grows, businesses turn to invoice factoring to help maintain working capital. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Lending Options. Factoring by Industry. No need to stress over sacrificing and potentially losing valuable assets. Whether you're a banker, a broker or an advisor, altLINE has a program for you. Revenue: $5 M Number of employees: 31 Market Cap: 4. 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. We’re Hiring! Lending Assistant in Gadsden, AL. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. AltLine Factoring. 3 Factor Your Invoices. Financing cash inflows and outflows are typically driven by debt and equity financing. 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. Try Invoice Factoring. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. 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. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. altLINE by The Southern Bank, Birmingham, Alabama. Asset-based lending (ABL) is the process of borrowing money that is secured by an asset, or collateral. Thus, this could also be written out as 1. Payroll funding is a type of invoice factoring specific to the staffing industry. See how bankers, brokers, and financial advisors can partner with altLINE as a part of our referral program. Jim is the General Manager of altLINE by The Southern Bank. For Bankers For Financial Advisors . Invoice Factoring A/R Financing Payroll. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Here is a short guide to applying for our. altLINE by Sobanco. Your trusted bank partner in Invoice Factoring and Accounts Receivable Financing. Lending Options. The exact timing of your cash advance deposit usually depends on your customer’s receipt and acknowledgment of goods. Moreover, our invoice factoring services help you focus on growing your. If slow-paying customers are making it difficult to reach your financial goals, a factoring company like altLINE can help. Factoring with altLINE has its benefits. While you can continue to send in new referrals and receive a reward for each initial referral funding, you can only. Average AR Financing Fees. With business growth comes the need for invoice factoring. These higher fees can lead to a lower profit margin for businesses. Unfortunately, no. Because you don’t have to wait 30 to 90 days to receive your money, you can put it to work immediately in your. TCI Business Capital — Best for High Funding Amounts. 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%. Back. Fast Approval. 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. Small establishments are defined as those with fewer than 500 employees. Get Your Free Factoring Quote. 4 likes. Invoice financing is a catch-all term to describe a number of business financing products that are backed, in some way, by unpaid invoices. It offers the same services as independent factoring companies while. altLINE is a small business factoring solution provided by The Southern Bank. Unlike other factoring companies in Fort Wayne, we don. A negative change in working capital could be indicative of a one-time event or it could be the result of an ongoing issue, such as poor management of accounts receivable. The exact timing of our deposit may vary depending on when you complete the job. Below are a few sectors that we can help, but our factoring services are not limited to just the industries below. Its blynk® digital payment system helps trucking companies get paid in minutes. Invoice factoring, or A/R financing, with altLINE gets you the instant cash you need so you can keep growing your business. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. To buy inventory or raw materials. If you send in another referral, you will receive a second e-gift card upon that referral’s initial funding. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. 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. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. 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. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. For example, selling an invoice of $10,000 will not generate the same returns as a $50,000 invoice. This process helps companies keep consistent working capital available rather than struggling to deal with late invoice payments. Fixed Daily Payment : This is how much you expect to pay the ACH or cash flow loan provider on a daily basis until the loan amount + fees are repaid. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Like FundThrough, altLIne is fast—with funding in as few as 48 hours. Resources. 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. 5, you’ll end up paying back $150,000. Financing cash flow is the flow of cash for financing-related matters of a business, including the purchase or sale of stock, paying out dividends to shareholders, and borrowing and paying down debt. Get Started. Zero Hidden Fees. With more than 85 years of experience serving customers, we provide you with the best client services, assigning you a dedicated account manager to handle all of your factoring needs. What makes us different? Rates from 0. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. 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. 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. Grey was previously the Director of Marketing for altLINE by The Southern Bank. 4. Angela loves creating content that helps readers better understand their financing options and helps them make informed decisions about factoring. 4) Establish the Factoring Account and Get Funding. Referral Program for Factoring Brokers. The ultimate goal of non-notification factoring is the same as that of traditional invoice factoring – to increase working capital. When you sell your invoices to the factor, it submits a notice of assignment and then. 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. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Angela loves creating content that helps readers better understand their financing options and helps them make informed decisions about factoring. Back. Best for Unsecured invoice factoring. Entrepreneurship is booming and the concentration of top. Although they work primarily with staffing and consulting firms, altLINE can also provide financing to businesses in the manufacturing and distribution sectors, as well as government contractors. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Get Started. Why We Chose It. 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. Angela joined altLINE in 2022 after several years of working in digital marketing across various industries including financial services and B2B. Fees can be negotiated with the factoring company and vary by client. 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. Asset-based lending (ABL) is the process of borrowing money that is secured by an asset, or collateral. The demand for factoring companies continues to increase as businesses look for additional. Jim is the General Manager of altLINE by The Southern Bank. For some businesses, late customer invoice payments leave a lower net profit margin than desired. 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. 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’s fees are structured in such a manner that it benefits bills that are paid within 30 days. 1/10. Do know, however, that UCC filings are commonly seen as an integral part of any form of lending. 50%. The Average Small Business Owner Salary Is $69,301. Requires client’s customers to be credit worthy. Standard factoring agreements involve a factoring company like altLINE simply purchasing your accounts receivable. Regardless, this is simply another way your score can be revealed. This means that if the buyer pays the invoice within 10 days of receiving it, they will receive a 1% discount. More complex structure benefits businesses with steady borrowing needs. 2 per 10,000 residents (Rank: #3) Florida is a major travel destination with a booming hospitality industry recovering from the pandemic. Triumph — Best for Same-day Funding. It is up to you as a business owner to determine which invoices to sell based on the amount. Trucking and transportation is one of the industries AltLine services. If your invoice turnover time is between 30 and 90 days, your receivables are well-positioned for factoring. According to the Transportation Statistics Annual Report, trucks transport 73% of total freight value and 67% of total freight weight. Jim is the General Manager of altLINE by The Southern Bank. Summary of the best factoring companies of 2023. Referral Program for Factoring Brokers. Download a free staffing agency invoice template for Excel or Google Sheets. 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. If your typical invoice turnover time is between 30 and 90 days, your receivables are well-positioned for 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. altLINE Advances Up To 80-90% Of The Invoice Face Value. 4%. AltLINE offers fast invoice factoring with competitive factoring rates. While working locally with small and medium-sized businesses, The Southern Bank recognized the consistent need for non-traditional commercial lines of credit. First, a factoring company such as altLINE will fund a cash advance of 80-90% of the outstanding invoice. AltLINE prides itself on serving businesses in a number of industries, in nearly any stage of growth and with a variety of financial needs. 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. Invoice Factoring. altLINE Advances Up To 80-90% Of The Invoice Face Value. What makes us different? Trusted Bank Since 1936. 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. 3. Jim is the General Manager of altLINE by The Southern Bank. The payee can deposit a check; they can influence where or when cash is transferred or deposited. To recap, when you sign an agreement with a factoring company: 1. Angela joined altLINE in 2022 after several years of working in digital marketing across various industries including financial services and B2B. altLINE offers up to $5 million, and they don’t consider credit scores when deciding whether to work with you or. The payee is the recipient of a check, or who the check is made payable to. #5. Jim is the General Manager of altLINE by The Southern Bank. Factors then make money from outstanding invoice. In 2021, the U. What makes us different? Rates from 0. Get a Quote. Birmingham is an industrial city on the rise. Because altLINE is both a factoring company and an FDIC insured bank, we provide more transparency and lower rates than independent invoice factoring companies. altLINE. altLINE works with all business types, including startups and companies with poor or limited credit. Business Credit Card (s) – Share of companies using this funding source: 7. Revenue: $5 M. A factoring contract is an agreement where a small business sells outstanding invoices to third parties — known as factors — in exchange for upfront cash. The quote request is a simple, straightforward, easy process that can be completed in a few minutes. Business owners always seek out ways to leverage their assets. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Many businesses have slow-paying customers and long payment terms, anywhere from 30-90 days, resulting in cash flow problems. Fast Approval. 5. Zero Hidden Fees. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Record the cash received as a debit in the cash account. Unlike some invoice factoring companies, AltLINE is a direct lender, which may decrease the cost of borrowing with the company. Not as suitable for startups or newer businesses. These fees can range greatly from 0% to 3% of the credit line amount. 5% for invoices paid within one month and up to 5% for longer repayment periods. Grey was previously the Director of Marketing for altLINE by The Southern Bank. At altLINE, we purposefully differentiate between the two with distinct structures. Invoice Factoring. AltLINE This immediately makes them a competitive consideration if you’re looking for flexible cash flow through invoice factoring. 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. 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. Power services. 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. Canva. Call the altLINE Factoring Hotline. O. Fri, Nov-2023. 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. Prefer to do factoring through a bank? altLINE by The Southern Bank is our top pick if you want to cut out the middleman. But, when business owners better understand what goes into calculating their credit score and how factoring works, they discover that, not only does invoice. 5%. 3%. altLINE A/R Financing . 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. Once you determine which and how much of your receivable you’re going to factor, the factoring company provides an immediate cash advance, usually worth between 80% and 90% of the invoice value. With 10 years’ experience in digital marketing, content creation and small business operations, he helped businesses find the information they needed to make informed decisions about invoice factoring and A/R financing. altLINE Advances Up To 80-90% Of The Invoice Face Value. Jim is the General Manager of altLINE by The Southern Bank. Business owners who are considering invoice factoring to improve A/R cash flow may wonder what the payment process looks like between their customer and the factor. On a $100,000 advance with a factor rate of 1. When I was unable to make payroll and could not get a bank loan, I started looking for an invoice factoring partner. Input the advance rate, which is typically 80% – 90% but can be as high as 99%. 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. 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. For example, for each invoice a business sells to the factor, typically 80-90% of the value of the invoice is immediately advanced to the business. Once Tom’s Trucking submits its $75,000 invoice for factoring, altLINE advances the company 95% of the invoice value ($71,250). 5%. Many invoice factoring providers offer extra services for free, such as accounts receivable (A/R) management and collections. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally founded in 1936. altLINE Advances 80-90% Of The Invoice Face Value. 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. 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 “altline factoring” is a company that specializes in invoice factoring. Pricing. 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. SMB Compass — Best invoice financing up to $10 million. 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. Advances up to 90%. Fast Approval. 50% with incredibly fast approvals. Updated on September 21st, 2023. 2 Offer Early Payment Discounts. altLINE offers competitive rates and can take advantage of not. OTR Solutions – Best for freight companies. The factor rate is typically between 1. As a bank factoring company, altLINE offers various invoice factoring and accounts receivable financing structures to fit the varying needs of a business. Educational services. Benefits of Invoice Factoring. Input the advance rate, which is typically 80% – 90% but can be as high as 99%. The exact timing of your cash advance deposit usually depends on the date of your client’s receipt and job completion. 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. Whether you're a banker, a broker or an advisor, altLINE has a program for you. However, we're confident that for a large group of small to medium-sized businesses, factoring invoices. altLINE has been in the factoring industry for. 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. altLINE Advances Up To 80-90% Of The Invoice Face Value. The cost of payroll funding for staffing agencies can range from 1% – 7% of the invoice face value, depending on several criteria. Companies over 2 years old saw just 3% growth in that time. Learn how to convert your unpaid invoices into working capital so you can get back to growing your business. The SMB Guide is reader-supported. Trusted Bank Since 1936. Angela joined altLINE in 2022 after several years of working in digital marketing across various industries including financial services and B2B. Fast Approval. The Southern Bank Company, a full-service bank based out of Gadsden, AL is pleased to announce that 2017 will be its 80th anniversary. The factor rate is typically between 1. Input the factoring rate (sometimes referred to as the interest rate). altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. However, AltLINE also works with manufacturing businesses, distributors, and government contractors. Grey was previously the Director of Marketing for altLINE by The Southern Bank. The exact timing of your cash advance depends on the customer’s receipts and acknowledgment of goods. Call the altLINE Factoring Hotline. It can be hard to know which one is the best out of all those options. In addition to working with more clients, D&A was able to open a second location after working with altLINE. Factor Rate: Similar to an interest rate, this determines how much the merchant cash advance will cost. For Bankers For Financial Advisors . Lower Rates. What makes us different? Rates from 0. 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. Zero Hidden Fees. Record the factoring fee and the estimated bad debts as a debit loss. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Staffing companies often fall victim to long invoice terms and slow-paying customers. Click calculate. What makes us different? Trusted Bank Since 1936. Payroll funding is a type of invoice factoring specific to the staffing industry. You receive access to personalized jobs. Lending Options. Jim is the General Manager of altLINE by The Southern Bank. altLINE advances up to 90% of an invoice — a normal range for invoice factoring providers serving companies with higher monthly revenue. 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. Follow the steps below to quickly and easily estimate your factoring fees: Input the value of all the invoices you plan on factoring. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Factor Rate: Similar to an interest rate, this determines how much the cash flow loan will cost. The best factoring companies include AltLINE, FundThrough, RTS Financial, eCapital, TCI Business Capital and Riviera Finance. Invoice factoring is a fast, effective and affordable alternative to traditional financing that does not impact a business’s credit. Understand how much it would cost to exit your agreement early in case you find yourself. 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. 5 /5. The application process for altline factoring: altline doesn’t charge an application fee, for joining its factoring program. These fees can range greatly from 0% to 3% of the credit line amount. Your customer pays in 30 days, so your fee will be 3% of $10,000, or $300. #7. Financing Cash Flow. Factoring with altLINE gets you the working capital you need to keep growing your 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. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. 3. AltLINE - Invoice Factoring. 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 partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. 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. Jim is the General Manager of altLINE by The Southern Bank. Zero Hidden Fees.