Doubling Monthly Revenue Through Invoice Factoring
HCP Consulting had been a thriving business for decades, but revenue reached new heights once they began their partnership with altLINE.
[Account manager] Olivia, frankly, has been exceptional. I’ve worked with [altLINE] for about a year, and you guys have done everything you said you were going to do. You’ve help me grow and really stabilize my company. It’s a great symbiotic relationship. My projected monthly revenue was around 70k before altLINE came into the fold. Since then, I’ve consistently far exceeded that.
Philip Hinojosa, Founder & President
HCP Consulting
HCP Consulting
The Company
Industry: Government contracting (mainly in the access control and caregiving sectors)
Location: San Antonio, Texas
Established: 1995
Philip Hinojosa, Founder and President of HCP Consulting, has seen it all during his 30 years running his company. Before discovering altLINE, he was used to cash flow fluctuations that made managing expenses a challenge. And when it came to business financing, he was experienced with both traditional and alternative lending.
The Solution
Philip had heard of invoice factoring but didn’t try it until well after he started his business. Once his line of credit became too difficult to maintain and making payroll created frequent stress, he decided it was time to apply for factoring. He initially landed on one factoring company but decided to do some final research before committing.
“Thankfully, I told myself, ‘Let me do a little more research,'” he said. “Although altLINE wasn’t the least expensive one I found, [they] had more experience, better customer service, and the best overall product.” He signed a factoring contract with altLINE and never looked back.
The Outcome:
- Added Support: Philip considers altLINE, and specifically his account manager, Olivia, an "extension of his own company." When making important decisions, he often relies on altLINE's expertise for assistance and advice. And when he has questions, he hears back immediately.
- Predictable Cash Flow: Making payroll became seamless. Philip knows what his cash flow is going to look like each period, and he receives funding within one day of submitting invoices to altLINE.
- Revenue Boost: Most importantly, HCP is generating a "considerably higher" average monthly revenue since partnering with altLINE.
The Challenge
Prior to partnering with altLINE, Philip used a bank line of credit. While the funds helped his company, he became increasingly frustrated with his bank’s everchanging regulations and policies, which eventually made it difficult to keep his line of credit open.
However, he still needed financing to make payroll on-time and keep cash flow stable, but slow-paying customers made that tough.
The Issues:
- Long Payment Terms: HCP worked on net 30, 45, and 60 payment terms with most customers. "In the meantime, I've got all of these expenses I need to pay," Philip said. Because of this, he dealt with slim margins.
- Unstable Cash Flow: Not knowing when customers would pay, along with natural ebbs and flows regarding hiring demands, led to constant cash flow uncertainty.
- Problems With Traditional Lending: Philip's bank, which provided his lines of credit, was continuously changing regulations and charging high interest on the lines, making it difficult for HCP to keep the line open.
Communication is timely. I’ve been able to depend on Olivia to do what I need her to do when it needs to be done.
Philip Hinojosa, Founder & President
HCP Consulting
The Results
MAKING PAyroll WITHOUT WORRY
Employees are always paid on-time, and there’s less stress when covering overhead.
predictable cash flow
HCP can confidently manage expenses by having a much better idea of what cash flow will look like each period.
boost in revenue
HCP has consistently outperformed their previous average monthly revenue since partnering with altLINE—even, doubling what they were generating in the past.
Why Choose altLINE
Philip nearly went with a different factoring company but discovered altLINE at the last minute. Now, he considers altLINE an extension of his company.
- Ease of Use: Simple, straightforward processes.
- Transparent Fees & Terms: No hidden costs or surprises.
- Proven Reliability: A partner that supports growth and stability.
Get a Free Quote Today
Invoice factoring with altLINE isn’t just about solving cash flow issues; it’s about building a reliable foundation for long-term success. For businesses like HCP Consulting, altLINE provides the tools to thrive in a competitive industry.
