Automotive manufacturing is a critical industry for Nashville. These businesses battle the persistent problem of a lack of working capital due to long payment terms and substantial outstanding invoices. When these invoices take 30-90 days to be paid, businesses are left struggling to meet payroll and other expenses critical to keeping the lights on, let alone growth. Some of these businesses are unable to get traditional bank financing because of 1) lack of operating history, 2) poor credit or 3) limited assets to borrow against. These businesses turn to invoice factoring as a quick and effective means of boosting working capital.
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. Unlike other factoring companies in Nashville, we don’t charge hidden fees that are intended to trap you. As a regulated bank, we’re 100% transparent because we want to be, and we have to be.