altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. A factoring company like altLINE will accept almost all outstanding customer invoices, so long as the customers have a fair credit score or have been reliable payors in the past. Advances up to 90%. TCI Business Capital — Best for High Funding Amounts. 70% – 85%. If approved, the factoring company purchases the invoices, then advances 80-90% of the cash value to the business. The exact timing of our cash advance deposit may vary depending on when your customer receives. 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. With security guard factoring, a third-party factoring company such as altLINE fronts 80-90% of an invoice, allowing security companies like yours to instantly unlock capital within days of invoicing a customer. We’re Hiring! Lending Assistant in Gadsden, AL. Why factor with altLINE in South Carolina? Accounts Receivable Financing, or Factoring, is a quick, effective means of infusing your business with cash. 5, you’ll end up paying back $150,000. 100% Transparency. However, seven days is the absolute maximum you’ll have to wait. In under six months, D&A received a factoring credit line increase, enabling the business to access up to $500,000 in working capital. . Show More. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Get Started. Asset-based lending (ABL) is the process of borrowing money that is secured by an asset, or collateral. 5. 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. Your trusted bank partner in Invoice Factoring and Accounts Receivable Financing. 4 Send Invoices Quickly. However, we're confident that for a large group of small to medium-sized businesses, factoring invoices. They offer top-notch services to companies looking for. 100% Transparency. The exact timing of our deposit may vary depending on when you complete the job. Advances up to 90%. altLINE by The Southern Bank, Birmingham, Alabama. 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. Includes info on AltLine, free trials, pricing and FAQs. This lender requires that you are able to factor at least $15,000 per month. 5%. A recession is usually defined as two back-to-back fiscal quarters in which the total amount of all goods and services declines. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Financing cash inflows and outflows are typically driven by debt and equity financing. Because altLINE is both a factoring company and an FDIC insured bank, we provide more transparency and lower rates than independent invoice factoring companies. Call us at +1 (205) 607-0811. Our team also has more than 80 years of experience serving customers, and we have an A+ rating by the Better Business Bureau. On average, however, they fund customers about $500,000 per month. O. 75% to 3. Factoring is not a. It has factored more than $800 million in invoices and has been operating since 1936. Factoring with altLINE gets you the working capital you need to keep growing your business. The total will be equal to 80% of $4,000 which is $3,200 ($4,000 x 80%). Lower Rates. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Unlike some invoice factoring companies, AltLINE is a direct lender, which may decrease the cost of borrowing with the company. altLINE. As a bank, AltLINE provides direct funding, eliminating the need for intermediaries and reducing borrowing costs. SMB Compass — Best invoice financing up to $10 million. At altLINE, we purposefully differentiate between the two with distinct structures. 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. Rated Top Factoring Company of 2023 Investopedia, TheBalanceSMB, Fundera, Business. Factoring companies usually offer one of two types of factoring: recourse and non-recourse. Grey was previously the Director of Marketing for altLINE by The Southern Bank. 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. AltLINE This immediately makes them a competitive consideration if you’re looking for flexible cash flow through invoice factoring. Angela joined altLINE in 2022 after several years of working in digital marketing across various industries including financial services and B2B. 50%. As a bank factoring company, altLINE offers various invoice factoring and accounts receivable financing structures to fit the varying needs of a business. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. The discount serves as the service charge for the entity taking on the owed invoices. In this transaction, the factor provides the business with immediate cash by paying them a percentage of the value of the invoices. The capital of North Carolina, Raleigh is a cultural and economic center of the state. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. The factoring company charges a 3% factor fee for every 30 days it takes your customer to pay the invoice. Factor Rate: Similar to an interest rate, this determines how much the cash flow loan will cost. While the city isn’t as old as some, it served as the main. box. Trusted Bank Since 1936. Power services. 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. TBS — Best for Low Fees. They also offer approval in 24 hours, so cash can arrive quickly. 4 likes. Aladdin Capital — Best for Small Business. Initial Filing Fee / Origination Fee: An initial filing fee (or origination fee) is charged to process the invoice factoring application. 5% to 3% and up to 90% payment initially, invoice factoring through AltLINE could easily be one of the lowest interest rate loans available to your business. Unlike most factoring companies, it is backed by an established, reputable bank. You can apply for invoice factoring from altLINE online—qualified businesses can receive funding in as little as 48 hours. Because you don’t have to wait 30 to 90 days to receive your money, you can put it to work immediately in your. With invoice factoring, businesses sell unpaid invoices to a factoring company, like altLINE, in exchange for a cash advance. Requires client’s customers to be credit worthy. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. 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. Fast Approval. Advances up to 90%. The payor is not permitted to deposit a check to a bank or financial institution. This means that if the buyer pays the invoice within 10 days of receiving it, they will receive a 1% discount. This is the early payment discount portion of the term, “1/10 net 30”. Jim is the General Manager of altLINE by The Southern Bank. This rate is typically 0. 10. altLINE is a part of The Southern Bank Company. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Tom’s Trucking is a refrigerated freight company that uses altLINE to factor its invoices. 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. A factoring company like altLINE will file a UCC on the client’s business, but since we do not offer factoring services for import-export companies, you will have to ask your lender before the process begins, as it may vary from factor-to-factor. Your business provides a service to a customer, then sends an invoice to that customer (Day 1). Dealing With Slow-Paying Customers? altLINE Can Help. 2 per 10,000 residents (Rank: #3) Florida is a major travel destination with a booming hospitality industry recovering from the pandemic. Unlike most competitors, altLINE offers a factoring fee starting at 0. With traditional factoring, A/R financing and asset based. When I was unable to make payroll and could not get a bank loan, I started looking for an invoice factoring partner. Total business applications: 58,260 (Rank: #1) Business applications per capita: 26. Click the link below to find out more and apply via LinkedIn. You can generally expect a factoring advance rate of 90-95% of the invoice’s face value and receive the cash advance between 24 and 48 hours after submission. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally founded in 1936. Invoice factoring is a solution that turns those invoices into cash immediately. What makes us different? Rates from 0. 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's low fees make it the best overall factoring company By Brian Carmody Updated May 04, 2023 Fact checked by Hans Daniel Jasperson We. BlueVine - Quick approval with low rates. Get Started. It’s the ideal choice for businesses with a large volume of invoices to sell. See how bankers, brokers, and financial advisors can partner with altLINE as a part of our referral program. 50%. The first step of manufacturer factoring is submitting an invoice to the factor once you’ve sent them to your customer. Fees for invoice factoring tend to range from 1% to 5% while fees for invoice discounting can range from 1. Back. Jim is the General Manager of altLINE by The Southern Bank. With 10 years’ experience in digital marketing, content creation and small business operations, he helped businesses find the information they needed to make informed decisions about invoice factoring and A/R financing. BlueVine requires businesses to have a minimum 3-month history, at least $10,000 monthly. Trucking and transportation is one of the industries AltLine services. 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. 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. Moreover, our invoice factoring services help you focus on growing your. altLINE offers competitive rates and can take advantage of not. Result: The factoring line that was put in place has given the founders to take on growth at a rapid, yet healthy pace. 11. On net 30 terms, the customer must pay within 30 days of when the invoice for a product or service was provided. Referral Program for Factoring Brokers. altLINE typically charges $350 – $500 for the initial filing fee, but we will occasionally. The payor is the drawer of a check. You can determine what your factoring rate will look like by requesting a free quote and details on its website. Get Your Free Factoring Quote. For example, an invoice factoring company such as altLINE will run a background check on your business, which includes looking into your creditworthiness. These fees can range greatly from 0% to 3% of the credit line amount. Grey was previously the Director of Marketing for altLINE by The Southern Bank. 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. Lower Rates. If you think invoice factoring for your staffing company is a better solution than selling at. Funding can be available within 24 to 48 hours. Factor Rate: Similar to an interest rate, this determines how much the merchant cash advance will cost. Apex Capital Corp: 24/7 factoring, no required minimum volume, and no long-term contract requirements. NerdWallet rating Key Facts. We help answer questions about companies, rates, structure & more. Accounts receivable financing, also called accounts receivable factoring, is the process of financing outstanding invoices in order to access the cash value sooner. ZERO Hidden Fees. At altLINE, we provide invoice factoring to businesses across a variety of industries. Invoice factoring is a great tool for improving cash flow for your business. You could end up paying $1,000 to get out of the contract. ” Instead of waiting 30, 60, or even 90 days, they can receive a large portion of the owed amount within 1 or 2 days. It tops our list of invoice factoring companies because you can factor high volumes of invoices and receive an. 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 products can be useful for B2B businesses with slow-paying customers. 3. Learn how to convert your unpaid invoices into working capital so you can get back to growing your business. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. Advances up to 90%. Although, you may pay an origination fee that typically runs from. 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. altLINE offers competitive rates and can take advantage of not. Input the advance rate, which is typically 80% – 90% but can be as high as 99%. The factor rate is typically between 1. 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. Advances up to 90%. Using Factoring to Reduce Cash Flow Problems. 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. You get a lump sum of between 80-90% of the total invoice value in most cases. The staffing agency provides you with coaching and interview preparations. 2 and 1. 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. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. First, a factoring company such as altLINE will fund a cash advance of 80-90% of the outstanding invoice. Termination Fee. Learn how to convert your unpaid invoices into working capital so you can get back to growing your business. 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. For some businesses, late customer invoice payments leave a lower net profit margin than desired. Call the altLINE Factoring Hotline +1 (205) 607-0811. Kansas City is the largest city in the state of Missouri. We help provide solutions to customers from a wide variety of sources. With altLINE, businesses can receive an advance between 70% and 90% of an invoice's value that they can use to invest in their business. With more than 85 years of experience serving customers, we provide you with the best client services, assigning you a dedicated account manager. FIND OUT MORE. altLINE typically charges $350 – $500 for the initial filing fee, but we will occasionally. Once the factoring company collects payment on the invoices (from the end customer) it advances the remaining 10-20% minus a “factoring fee” of anywhere from 1-5%. Call the altLINE Factoring Hotline +1 (205) 607-0811. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. Receive Advances Up To 95% Of The Invoice Face Value. Fri, Nov-2023. A factoring company purchases the right to a portion of your sales and then advances you the money before you receive payment from customers. Online load boards make finding loads for trucks accessible for every trucking company. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Rates from 0. 3 Factor Your Invoices. Through these capabilities, and being able to ingest and match data from multiple channels, invoice automation software. Min. It is the alternative loan arm of The Southern Bank Company. Spot factoring differs from traditional invoice factoring because it is primarily used to factor a single large invoice, rather than a set of invoices. 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. Whether you're a banker, a broker or an advisor, altLINE has a program for you. Get Your Free Factoring Quote. Through invoice factoring, Hernandez has stabilized D&A’s cash flow and grown her business. Advances up to 90%. 6 Reduce Inventory. September 28, 2023 / by Jim Pendergast. To recap, when you sign an agreement with a factoring company: 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. Call us at +1 (205) 607-0811. January 6, 2023 / by Deborah Sabinus. The ultimate goal of non-notification factoring is the same as that of traditional invoice factoring – to increase working capital. Grey was previously the Director of Marketing for altLINE by The Southern Bank. But, when business owners better understand what goes into calculating their credit score and how factoring works, they discover that, not only does invoice. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. The remaining 10-20% is held in reserve. Regardless, this is simply another way your score can be revealed. More complex structure benefits businesses with steady borrowing needs. The “altline factoring” is a company that specializes in invoice factoring. Here is a short guide to applying for our. 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. Once Tom’s Trucking submits its $75,000 invoice for factoring, altLINE advances the company 95% of the invoice value ($71,250). altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally founded in 1936. Aladdin Capital — Best for Small Business. altLINE. 3. Rated Top Factoring Company of 2023 Investopedia, TheBalanceSMB, Fundera, Business. Grey was previously the Director of Marketing for altLINE by The Southern Bank. 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. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally founded in 1936. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. altLINE has made invoicing your clients that much easier. The factoring company sends your business a cash advance, typically 80-90% of the invoice value (Day 2). com and more. It is the alternative loan arm of The Southern Bank Company. This type of financing used by staffing companies is known as payroll funding or payroll financing. If you’re a B2B business, you’re all too familiar with complex cash flow challenges, especially if you. Birmingham is an industrial city on the rise. 1 10 Ways to Improve Cash Flow. 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. Entrepreneurship is booming and the concentration of top. 100% Transparency. Call us at +1 (205) 607-0811. They don’t bill you for an origination fee but do charge an extra 1% for expedited funding. Invoice Factoring. Our team also has more than 80 years of experience serving customers, and we have an A+ rating by the Better Business Bureau. Triumph – Best for construction and transportation. What makes us different? Rates from 0. 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. AltLINE - Invoice FactoringaltLINE has been wonderful to work with and I’ve always felt confident that they have my back. altLINE deals in invoice factoring and accounts receivable factoring. These higher fees can lead to a lower profit margin for businesses. altLINE has been in the factoring industry for more than 80 years. 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. When you are approved, the factoring company sets up a factoring account to handle the transactions. 5%-5%. Angela joined altLINE in 2022 after several years of working in digital marketing across various industries including financial services and B2B. 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 Southern Bank has been around for over 80 years so you know you’re in good hands. 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. Invoice factoring is a great alternative finance solution that works great in these industries. 1. Small establishments are defined as those with fewer than 500 employees. In the rare instance your customer never. Pay per mile is perhaps the most well-known and straightforward method of payment for truck drivers. With the federal funds rate at its highest since 2007, credit card annual percentage rates, or APRs, are also at record highs. Business owners always seek out ways to leverage their assets. Triumph — Best for Same-day Funding. In addition to working with more clients, D&A was able to open a second location after working with altLINE. 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. Need more cash in your business? Seasonality, delinquent customers, long payment cycles, and even rapid growth can put stress on your company’s cash reserves. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. 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. 100% Transparency. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Experience the flexibility of an independent factoring company, but with the affordability and stability of an FDIC insured bank. Turn your outstanding invoices into cash Give altLINE A Try . Know your notification date and set up a calendar reminder to review the agreement each year. 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. As a company grows and experiences an increased need for cash, they will likely seek out various forms of financing. Call us at +1 (205) 607-0811. 4%. However, we're confident that for a large group of small to medium-sized businesses, factoring invoices. This means you will not have to wait for 30 or 90 days to receive the money owned by online stores. Asset-based lending (ABL) is the process of borrowing money that is secured by an asset, or collateral. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. Stay up-to-date with Factoring Services Market research offered by AMA Research. 4 likes. We provide smart,You can apply for invoice factoring from altLINE online—qualified businesses can receive funding in as little as 48 hours. Trusted Bank Since 1936. Complexity. Backed by The Southern Bank Company, altLINE has provided more than $1 billion in funded invoices since 1936. 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. 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. altLINE will factor up to $4 million in monthly. Spot factoring differs from traditional invoice factoring because it is primarily used to factor a single large invoice, rather than a set of invoices. Pricing. Rates are usually listed as CPM (or cents per mile). Jim is the General Manager of altLINE by The Southern Bank. Many businesses have slow-paying customers and long payment terms, anywhere from 30-90 days, resulting in cash flow problems. TCI Business Capital — Best for High Funding Amounts. 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. Angela loves creating content that helps readers better understand their financing options and helps them make informed decisions about factoring. altLINE. With this in mind, it is safe to say that a trucking business is one of the businesses with a high possibility of venturing from a startup to a large company within a short time. Factoring by Industry. Fast Approval. However, AltLINE also works with manufacturing businesses, distributors, and government contractors. Companies over 2 years old saw just 3% growth in that time. With invoice factoring, businesses sell unpaid invoices to a factoring company, like altLINE, in exchange for a cash advance. Florida. 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. As it grows, businesses turn to invoice factoring to help maintain working capital. Invoice Factoring. 4) Establish the Factoring Account and Get Funding. Factoring with altLINE gets you the working capital you need to keep growing your business. Staffing companies often fall victim to long invoice terms and slow-paying customers. Percent of business applications considered likely to become employers: 36. Lending Options. 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. factoring industry was valued at $147 billion. AltLINE offers fast invoice factoring through an online-based process. The average interest rate on a. Record the cash received as a debit in the cash account. At altLINE, we charge $30 per wire transfer. If your customer pays within the first month, the factoring company will charge you 2% of the value, or $1,000. This is where an alternative financing method such as invoice factoring can help. However, there is quite a bit of variance from source to source regarding small business. There are three types of invoice financing products: invoice factoring, a/r backed lines of credit, and non-traditional invoice. At altLINE, we have 84 years of experience helping small business owners manage and improve their A/R cash flow through invoice factoring. The bank has branch locations in Gadsden, Guntersville, Albertville and Centre, with a specialty commercial lending division, altLINE, operating out of Birmingham. The final bullet leads us to step No. Factoring with altLINE gets you the working capital you need to keep growing your business. altLINE Advances Up To 80-90% Of The Invoice Face Value. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. However, when looking at one-year survival rates, Washington comes in at #1. Outstanding Factoring Services. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. With 10 years’ experience in digital marketing, content creation and small business operations, he helped businesses find the information they needed to make informed decisions about invoice factoring and A/R financing. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Grey was previously the Director of Marketing for altLINE by The Southern Bank. 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. Therefore, once your customer pays the invoice to your factor, the factor can simply pay out the remaining invoice amount to your business (minus a small factoring fee, typically 0. However, we're confident that for a large group of small to medium-sized businesses, factoring invoices. com and more. According to PayScale, the average small business owner takes home a salary of $69,301 per year. Jim is the General Manager of altLINE by The Southern Bank. 5. Average capital expenditure per establishment, 2021: $258,412. Nebraska and North Dakota are other states where small businesses fail at high rates. Get Started. box. Payroll funding is a type of invoice factoring specific to the staffing industry. 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. 100% Transparency. 5%. Rated Top Factoring Company of 2023 Investopedia, TheBalanceSMB, Fundera, Business. If it takes your customer three months to pay. The altLINE blog features a variety of content about invoice factoring and a/r financing. Call us at +1 (205) 607-0811. Sample fees include: 1% per 10 days (3% per month) 0. altLINE offers competitive rates and can take advantage of not. altLINE Advances 80-90% Of The Invoice Face Value. Learn how to convert your unpaid invoices into working capital so you can get back to growing your business. If you expect to factor at least $15,000 monthly, altLINE could be a good fit for you. Our team moves quickly so that you can get the cash you need to keep growing your business. Pros:Jim is the General Manager of altLINE by The Southern Bank. Back. 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.