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+1 (205) 883-2411
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Bankers Trust altLINE
As a banker, you’re often faced with clients whose needs don’t fit within traditional lending structures. Whether it’s due to cash flow challenges, a lack of collateral, or less-than-perfect credit, some businesses just don’t qualify for standard bank loans or lines of credit. But that doesn’t mean they don’t deserve access to the capital they need to grow.
The altLINE Partner Program helps bankers provide financing solutions for clients and prospective clients that don’t fit the traditional lending profile. altLINE specializes in alternative lending, focusing solely on deals that most bankers are unable or unwilling to take on, making the program an ideal secondary option for borrowers that don’t qualify for a loan or line of credit.
To get started, fill out the form or give us a call at +1 (205) 883-2411.
Why Partner With altLINE?
non-competitive financing
With a branch footprint limited to Northeast Alabama, altLINE’s parent bank, the Southern Bank Company, does not compete with referring banks. By not offering traditional banking products to altLINE customers, we protect our referral partners’ customer relationships at all costs.
strengthen client relationships
Provide your customers a path forward rather than simply a “no.” A referral to a reliable partner helps bankers establish themselves as a trusted advisor in their customers’ eyes and improves customer loyalty.
accelerate
growth
The right financing at the right time can help your customer grow exponentially, thereby providing you a bigger opportunity down the road. altLINE’s financing agreements include a “no fee” early termination provision should a customer receive an offer from the original referring bank.
save your clients money
Independent factoring companies, online cash flow lenders, and merchant cash advance businesses may do more harm than good. These types of lenders can offer astonishingly high rates that may put your clients in jeopardy. altLINE’s bank-backed funding means lower rates for your customer and higher likelihood for future success.
Recent Factoring Deals
How Does Factoring Work?
financial flexibility
What We Offer
altLINE offers a variety of alternative financing products:
Invoice Factoring
- Facility sizes range from $30k – $5M
- Advance rates from 80% to 90%
- Typical discount fees range from 0.75% to 3.00%
- Most flexible form of financing
- Utilized by small to medium-sized businesses undergoing rapid growth, dynamic change, seasonal cash fluctuations, or financial instability
Freight Factoring
- Facility sizes range from $30k – $500k
- Advance rates up to 100%
- Typical discount fees range from 0.9% to 3.00%
- No monthly minimum requirements
- Provides financial freedom to carriers that need faster access to working capital
Payroll Funding
- Facility sizes range from $30k – $5M
- Advance rates from 80% to 90%
- Typical discount fees range from 0.75% to 3.00%
- Flexible form of financing designed for the staffing industry
- Utilized by small to medium-sized staffing agencies that need to bridge the cash flow gap due to rapid growth, slow-paying customers, or new contracts
A/R Financing
- Facility sizes range from $150k – $5M
- Offers flexible financing with a more traditional structure
- More invoices generated creates more borrowing capacity
- When invoices are paid, the capacity and line are automatically paid down
who's a good fit
Client Profile
Good Fit
- Business-to-business (B2B)
- Not a fit for a traditional line of credit
- Cash flow issues
- Startup
- Seasonal business
- Experiencing rapid growth
- FICO above 500
Not a Good Fit
- Business-to-customer (B2C)
- Services billed before completion
- Medicare, Medicaid, or insurance-related receivables
- FICO below 500
- 2+ bankruptcies
Why Trust altLINE With Your Clients?
Discover What Makes altLINE Unique
FDIC-Regulated
Lender
As a bank factoring provider, we are federally regulated, meaning your clients will receive more secure and transparent customer service than with other alternative lenders.
Transparent
Rates
With a direct source of funds through our bank, altLINE can offer lower rates and no hidden fees, saving your clients money and unnecessary stress.
WORK WITH A Dedicated Account
Manager
Your clients will receive dedicated account managers who will help them manage their back office tasks, including collecting invoice payments.
Smooth Customer
Onboarding
With a dedicated onboarding specialist, we make it easy for both your clients and their debtors to transition into the new factoring process.
Complimentary
Customer Vetting
Our team of experts will perform credit checks on your clients’ debtors, so they can more confidently extend terms for better financial health.
Same Day Funding
Available
We have same day funding options that allow your clients to stress less when they need to make payments.
Client Success Story
See How altLINE Helped a Client Grow 1000%
Who we serve
We Serve a Broad Range of Industries
