5%-5%. 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 wonderful non-recourse invoice factoring supplier for small company owners looking for a solution with quick payback terms. Fees can be negotiated with the factoring company and vary by client. (United States), OTR. Rated Top Factoring Company of 2023 Investopedia, TheBalanceSMB, Fundera, Business. 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. Business owners always seek out ways to leverage their assets. Invoice Factoring A/R Financing Payroll. altLINE offers competitive rates and can take advantage of not. Entrepreneurship is booming and the concentration of top. These fees can range greatly from 0% to 3% of the credit line amount. altLINE Advances Up To 80-90% Of The Invoice Face Value. 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. Operating within an FDIC insured and state regulated bank, altLINE provides customers the flexibility of an independent financing company with the cost advantages and service. You can apply for invoice. 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. Moreover, our invoice factoring services help you focus on growing your. With the federal funds rate at its highest since 2007, credit card annual percentage rates, or APRs, are also at record highs. On the other hand, if you’re looking for a monthly factoring arrangement, you might work with altLINE, which requires that businesses factor at least $15,000 per month with them. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Whether you're a banker, a broker or an advisor, altLINE has a program for you. The business sends an invoice for $75,000 to one of its clients after completing a route. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. Because altLINE is both a factoring company and an FDIC insured bank, we provide more transparency and lower rates than independent invoice factoring companies. 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 Advances Up To 80-90% Of The Invoice Face Value. Jim is the General Manager of altLINE by The Southern Bank. Sample fees include: 1% per 10 days (3% per month) 0. Another top asset-based lender is altLINE. 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. Spot factoring differs from traditional invoice factoring because it is primarily used to factor a single large invoice, rather than a set of invoices. Accounts receivable financing, also called accounts receivable factoring, is the process of financing outstanding invoices in order to access the cash value sooner. altLINE Advances Up To 80-90% Of The Invoice Face Value. Factoring by Industry. 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. Call the altLINE Factoring Hotline +1 (205) 607-0811. While you can continue to send in new referrals and receive a reward for each initial referral funding, you can only. Grey was previously the Director of Marketing for altLINE by The Southern Bank. What makes us different? Trusted Bank Since 1936. 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. 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. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. altLINE by Sobanco. Pros & Cons. However, before you take the plunge there are some pros and cons you should be aware of. In general, the faster a staffing company’s customers pay, the better rate it will receive. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Unlike many factoring companies, altLINE has factoring programs specifically catering to start up businesses and was able to put a facility in place. It also reaches a maximum of 3%, which is lower than the standard maximum of 5% for the first 30 days. Canva. Jim is the General Manager of altLINE by The Southern Bank. RTS Financial — Best for Industry-specific Services. If you expect to factor at least $15,000 monthly, altLINE could be a good fit for you. These higher fees can lead to a lower profit margin for businesses. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. The exact timing of your cash advance deposit generally depends on when your customer receives the goods or services you sell. Invoice Factoring. 4) Establish the Factoring Account and Get Funding. The payor is the drawer of a check. A/R Financing. For example, selling an invoice of $10,000 will not generate the same returns as a $50,000 invoice. 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 partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Updated on September 21st, 2023. Six Ways to Get Loads for Trucks. Why factor with altLINE in Florida? Accounts Receivable Financing, or Factoring, is a quick, effective means of infusing your business with cash. Angela loves creating content that helps readers better understand their financing options and helps them make informed decisions about factoring. altLINE will factor up to $4 million in monthly. AltLINE’s Justice estimated his minority invoice factoring customer base at “around 50 to 60 percent,” but, as of this posting, was unable to provide numbers on the total dollar amount. 5% to 2. 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. TBS — Best for Low Fees. Invoice Factoring. As a company grows and experiences an increased need for cash, they will likely seek out various forms of financing. Factoring rate. 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. They’re incredibly unique because they’re a direct financing source, not a middle man. Fast Approval. Factoring companies usually offer one of two types of factoring: recourse and non-recourse. Jim is the General Manager of altLINE by The Southern Bank. This type of financing offers faster, easier approval, and is. If you’re looking to. Referral Program for Factoring Brokers. 5%. 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. 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. 6 Reduce Inventory. Staffing companies often fall victim to long invoice terms and slow-paying customers. The rates a good and reasonable. 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. 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. Many invoice factoring providers offer extra services for free, such as accounts receivable (A/R) management and collections. ’. As a bank factoring company, altLINE offers various invoice factoring and accounts receivable financing structures to fit the varying needs of a business. Total 2021 capital expenditures industrywide: $8. Turn your outstanding invoices into cash Give altLINE A Try . altLINE. Receive Advances Up To 95% Of The Invoice Face Value. Jim is the General Manager of altLINE by The Southern Bank. Summary of the best factoring companies of 2023. The exact timing of your cash advance deposit usually depends on the date of your client’s receipt and job. Fast Approval. Call the altLINE Factoring Hotline. A bank lockbox payment is a payment processing service in the form of a P. Click calculate. Jim is the General Manager of altLINE by The Southern Bank. Through invoice factoring, Hernandez has stabilized D&A’s cash flow and grown her business. Jim is the General Manager of altLINE by The Southern Bank. The Average Small Business Owner Salary Is $69,301. 3. AltLINE offers fast invoice factoring through an online-based process. 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. 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. The cost of payroll funding for staffing agencies can range from 1% – 7% of the invoice face value, depending on several criteria. For some businesses, late customer invoice payments leave a lower net profit margin than desired. The ever-evolving modern business landscape is filled with apps focused on boosting efficiency for businesses. #5. 100% Transparency. 5. See how bankers, brokers, and financial advisors can partner with altLINE as a part of our referral program. With traditional factoring, A/R financing and asset based lending, altLINE accelerates your cash flow and allows you to. The exact timing of your cash deposit generally depends on your customer’s receipt and acknowledgment of goods. 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. Not only is altLINE a bank factoring company, but we have 86 years of experience serving customers. In the rare instance your customer never. 5. Tom’s Trucking is a refrigerated freight company that uses altLINE to factor its invoices. Back. To recap, when you sign an agreement with a factoring company: 1. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. With an A+ rating from the Better Business Bureau, altLINE is dedicated to providing quality customer service and invoice factoring to small and medium sized businesses across the United States. Call the altLINE Factoring Hotline. AltLine is an invoice factoring company that offers invoice factoring, accounts receivable financing, and asset-based lending options. Power services. 100% Transparency. Like FundThrough, altLIne is fast—with funding in as few as 48 hours. Trusted Bank Since 1936. 2 and 1. Fast Approval. Unlike many factoring companies, altLINE has factoring programs specifically catering to start up businesses and was able to put a facility in place. Aside from factoring, altLINE also offers some of the best financial solutions for your business such as accounts receivable financing and asset-based lending. altLINE, which The Southern Bank Company offers a customer financing platform that is founded on accounts receivable. First, a factoring company such as altLINE will fund a cash advance of 80-90% of the outstanding invoice. altLINE Advances Up To 80-90% Of The Invoice Face Value. Janitorial factoring through altLINE works to fund your business through cash advances. altLINE works mostly with clients who can commit to factoring a large amount of receivables regularly. The Washington Policy Center, a think tank focused on the free market, blames state policies, from local taxes to rules and mandates. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Number of employees: 31. AltLINE Factoring is a reliable factoring company that offers financing solutions tailored to meet the cash flow needs of businesses. Min. Birmingham was founded during the post-Civil War reconstruction era. O. 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. Our team moves quickly so that you can get the cash you need to keep growing your business. AltLINE offers fast invoice. Learn more about invoice factoring, alternative financing and other small business finance topics. com and more. 100% Transparency. They provide a source for both parties – the debtor and the factor – to transfer and […]Jim is the General Manager of altLINE by The Southern Bank. It’s the ideal choice for businesses with a large volume of invoices to sell. 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. Back. altLINE is a direct source of funds so we are not exposed to borrowing costs that other independent financing and factoring companies pass on to their clients. Jim is the General Manager of altLINE by The Southern Bank. Financing cash inflows and outflows are typically driven by debt and equity financing. As a bank, AltLINE provides direct funding, eliminating the need for intermediaries and reducing borrowing costs. More complex structure benefits businesses with steady borrowing needs. 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%. In most cases, you’ll get your advance much sooner, especially if you include a couple of invoices with your application. Invoice Factoring. Businesses with larger transaction volumes and larger borrowing needs require custom. Invoice factoring is the process of selling outstanding invoices to a third-party company (factoring company). The factoring reserve is the money that is withheld from the cash advance sent by a factoring company to a business during the invoice factoring process. Companies over 2 years old saw just 3% growth in that time. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally founded in 1936. com and more. You get a lump sum of between 80-90% of the total invoice value in most cases. 5%. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Understand how much it would cost to exit your agreement early in case you find yourself. However, invoice discounting is distinct because it’s. 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. 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. 50% with incredibly fast approvals. 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. Best for Unsecured invoice factoring. For some businesses, late customer invoice payments leave a lower net profit margin than desired. a direct financing source; 90% of eligible invoices are delivered; Completely transparent; altLINE is a dependable and trustworthy invoice factoring business known for its minimal prices. With altLINE, factoring fees are typically 1% – 3% of the invoice face value, if paid within 45 days. 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. For Bankers For Financial Advisors . Arkansas’s economy is largely dependent on its manufacturing industry. Give altLINE A Try . altLINE offers up to $5 million, and they don’t consider credit scores when deciding whether to work with you or. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Zero Hidden Fees. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Browse Online Load Boards. eCapital Commercial Finance – Best non-recourse invoice factoring. altLINE Advances 80-90% Of The Invoice Face Value. 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. 100% Transparency. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Unfortunately, no. 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. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Advances up to 90%. 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. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. altLINE Advances Up To 80-90% Of The Invoice Face Value. Finding the right financing fit for your client is what brokers do best. You would create a sales order for $4,000 and record it as an open sales order. It has factored more than $800 million in invoices and has been operating since 1936. Staffing companies often fall victim to long invoice terms and slow-paying customers. Learn how to convert your unpaid invoices into working capital so you can get back to growing your business. Factoring for consulting firms through altLINE works by turning unpaid invoices into cash to pay operating expenses and payroll, while fueling company growth. Backed by The Southern Bank Company, altLINE has provided more than $1 billion in funded invoices since 1936. 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. Trusted Bank Since 1936. We provide smart,You can apply for invoice factoring from altLINE online—qualified businesses can receive funding in as little as 48 hours. 15% – 4. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Show More. Call the altLINE Factoring Hotline +1 (205) 607-0811. Call the altLINE Factoring Hotline. Jim is the General Manager of altLINE by The Southern Bank. Best overall: altLINE. Jim is the General Manager of altLINE by The Southern Bank. Get Started. This information can help you make the right decision for your business. Do know, however, that UCC filings are commonly seen as an integral part of any form of lending. 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. In under six months, D&A received a factoring credit line increase, enabling the business to access up to $500,000 in working capital. The “altline factoring” is a company that specializes in invoice factoring. Through these capabilities, and being able to ingest and match data from multiple channels, invoice automation software. Jim is the General Manager of altLINE by The Southern Bank. Both operate on similar principles: Your invoices will go through altLINE for the duration of. altLINE by The Southern Bank, Birmingham, Alabama. Florida. altLINE advances up to 90% of an invoice — a normal range for invoice factoring providers serving companies with higher monthly revenue. Our team moves quickly so that you can get the cash you need to keep growing your business. Unlike most factoring companies, it is backed by an established, reputable bank. The quote request is a simple, straightforward, easy process that can be completed in a few minutes. We help answer questions about companies, rates, structure & more. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Rates from 0. Grey was previously the Director of Marketing for 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. com and more. Compare the top options. 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. What makes us different? Rates from 0. Includes info on AltLine, free trials, pricing and FAQs. altLINE Advances Up To 80-90% Of The Invoice Face Value. Here is a quick comparison of 5 best factoring companies. 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. 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. Here are 9 unsecured business loans. To pay rent. Grey was previously the Director of Marketing for altLINE by The Southern Bank. 5 to 3. To take on new orders / clients. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Input the factoring rate (sometimes referred to as the interest rate). Factor Rate: Similar to an interest rate, this determines how much the merchant cash advance will cost. It is up to you as a business owner to determine which invoices to sell based on the amount. Jim is the General Manager of altLINE by The Southern Bank. At altLINE, we're aware that invoice factoring may not be the best fit for every business. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. Summary of the best factoring companies of 2023. Pricing. 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. Therefore, the factoring transactions require several entries. OTR Solutions – Best for freight companies. 5% for invoices paid within one month and up to 5% for longer repayment periods. With more than 85 years of experience serving customers, we provide you with the best client services, assigning you a dedicated account manager. Trusted Bank Since 1936. Specialty lenders often use the terms Accounts Receivable Financing and Factoring interchangeably. What’s more, much of that growth can be attributed to companies under 2 years old, which increased SBA 7 (a) borrowing by 83% from 2020 to 2022. For Bankers For Financial Advisors . altLINE — Best for Flexibility. Unlike most competitors, altLINE offers a factoring fee starting at 0. 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. The first step of manufacturer factoring is submitting an invoice to the factor once you’ve sent them to your customer. We offer invoice factoring, a/r financing and asset based lending. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. com and more. Average capital expenditure per establishment, 2021: $258,412. altLINE deals in invoice factoring and accounts receivable factoring. Advertisers and marketers have flooded this internet with tons of Factoring that claim to be the best. This rate is typically 0. The best factoring companies include AltLINE, FundThrough, RTS Financial, eCapital, TCI Business Capital and Riviera Finance. Dealing With Slow-Paying Customers? altLINE Can Help. Angela joined altLINE in 2022 after several years of working in digital marketing across various industries including financial services and B2B. 5 % per 15 days thereafter; 4. Complexity. Call us at +1 (205) 607-0811. Note that factoring is an alternative lending option, which you can actually qualify for even with poor credit. Instead of waiting on customers to pay their invoices, a janitorial factoring company can give you cash whenever needed. altLINE has been in the factoring industry for. The first step of manufacturer factoring is submitting an invoice to the factor once you’ve sent them to your customer. Full recourse factoring places all of the business’s liability that has engaged a factor for invoice factoring. $10,000,000: 300: View Details. 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. Financing Cash Flow. It tends to be more expensive than traditional. In finance, the term “float” can mean a lot of things. Factoring with altLINE gets you the working capital you need to keep growing your business. Non-Recourse Factoring Explained. Trusted Bank Since 1936. Asset-based loans or lines of credit can be borrowed against equipment, property, inventory or receivables (in the form of an invoice factoring service ). Their understanding of my industry has facilitated a seamless and efficient funding process. 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. Unlike other factoring companies in Fort Wayne, we don. Spot factoring differs from traditional invoice factoring because it is primarily used to factor a single large invoice, rather than a set of invoices. If you’re looking to improve your cash flow, give altLINE a call at +1 (205) 607-0811 or fill out our online factoring quote form. 1 10 Ways to Improve Cash Flow. It offers businesses the flexibility of an independent financing company with the cost savings of a bank. Download a free staffing agency invoice template for Excel or Google Sheets. altLINE typically charges $350 – $500 for the initial filing fee, but we will occasionally. Get Started. 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. 5. Angela loves creating content that helps readers better understand their financing options and helps them make informed decisions about factoring. When you sell your invoices to the factor, it submits a notice of assignment and then. SMB Compass — Best invoice financing up to $10 million. ZERO Hidden Fees. Thus, this could also be written out as 1. September 28, 2023 / by Jim Pendergast. Give altLINE a Call. Angela loves creating content that helps readers better understand. Invoice factoring is another source of working capital financing in which a company sells its accounts receivables to a third party, or factoring company, at a discounted rate. Advance rate. 5 to 3. 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 part of The Southern Bank Company. Get Started. 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. For example, an invoice factoring company such as altLINE will run a background check on your business, which includes looking into your creditworthiness. They also offer approval in 24 hours, so cash can arrive quickly. The staffing agency provides you with coaching and interview preparations. The exact timing of our cash advance deposit may vary depending on when your customer receives. Invoice factoring, or A/R financing, with altLINE gets you the instant cash you need so you can keep growing your business. Jim is the General Manager of altLINE by The Southern Bank. Lockbox payments are an important aspect of invoice factoring and other financial transactions as they are a quick, secure way to clear checks from customers (account debtors). Factoring turns those invoices into cash, allowing businesses to grow. To hire more employees. Referral Program for Factoring Brokers. This is where an alternative financing method such as invoice factoring can help. Aladdin Capital — Best for Small Business. The factoring company sends your business a cash advance, typically 80-90% of the invoice value (Day 2). Calculate your startup capital. altLINE — Best for Flexibility. Unlike many factoring companies, altLINE has factoring programs specifically catering to start up businesses and was able to put a facility in place. 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. Jim is the General Manager of altLINE by The Southern Bank. 50%. Business Credit Card (s) – Share of companies using this funding source: 7. According to Justice, 65% of AltLINE’s portfolio is staffing and consulting firms. In freight broker factoring, companies generally deposit a portion of your cash advance to your carriers to ensure they are paid. No need to stress over sacrificing and potentially losing valuable assets. 100% Transparency. The factor rate is typically between 1. Learn how to convert your unpaid invoices into working capital so you can get back to growing your business. 7 Choose to Lease Instead of Buy. Once Tom’s Trucking submits its $75,000 invoice for factoring, altLINE advances the company 95% of the invoice value ($71,250). 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. Finding the right financing fit for your client is what brokers do best. For Bankers For Financial Advisors . 100% Transparency. Jim is the General Manager of 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. According to the Transportation Statistics Annual Report, trucks transport 73% of total freight value and 67% of total freight weight. They don’t bill you for an origination fee but do charge an extra 1% for expedited funding. We provide smart,Invoice automation software is the key that unlocks automated invoice processing. 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. According to PayScale, the average small business owner takes home a salary of $69,301 per year. For Brokers . Not as suitable for startups or newer businesses. Basically, their range is below the average for factoring companies. 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. Stay up-to-date with Factoring Services Market research offered by AMA Research. The Southern Bank’s altLINE program unlocks the value in your outstanding invoices through Invoice Factoring, Accounts Receivable Financing and Asset Based Lending. Invoice Factoring altLINE Advances Up To 80-90% Of The Invoice Face Value. Some online lists of the worst factoring companies might consider altLINE solely because of the time it takes to process applications. Invoice factoring is a form of alternative financing in which a company sells its outstanding invoices to a factoring company (a “factor”). Angela joined altLINE in 2022 after several years of working in digital marketing across various industries including financial services and B2B. altLINE has been in the factoring industry for more than 80 years.