altLINE

Your Alabama Invoice Factoring Partner

Stop waiting 30-90 days for your customers to pay their invoices. Factoring with altLINE gets you the working capital you need to keep growing your business.

  • Rates from 0.50%
  • No minimum credit score to qualify
  • An Alabama-based factoring company
  • Dedicated back office support
  • Same day funding
  • FDIC-regulated lender
  • Complimentary customer credit checks
  • Fast approval
altLINE The Southern Bank Company BBB Business Review
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Get a Free Invoice Factoring Quote

At atLINE, we offer invoice factoring to help you unlock working capital when you need it.

Rather Speak with a Real Person?

Call Us at +1 (205) 607-0811

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PROUDLY ALABAMA

Experience the altLINE Difference

altLINE is an extension of the Southern Bank Company, a regional bank that has served the Alabama area since 1936. 

With our roots in community banking, our team understands the importance of providing scalable, financial solutions alongside personalized one-on-one support. Our dedicated team goes above and beyond to understand your unique business needs, offering quick and responsive communication whenever you need it. With altLINE, you can more confidently finance your business knowing that your account manager is just a phone call, email, or text away. Experience the altLINE difference and see how our team goes the extra mile to keep your company moving forward.

Why altLINE?

Recent Factoring Deals

Light Industrial Staffing Company
Initial Need: $100,000

Problem: A startup staffing company faced the tough decision of choosing a factoring company amongst a sea of options. They knew they needed factoring to bridge the gap between payroll and customer payment but didn’t know where to turn.

Solution: Referred by a former colleague, the founders contacted altLINE to see what they could do. Unlike many factoring companies, altLINE has factoring programs that specifically cater to start up businesses and was able to put a facility in place.

Result: The factoring line that they secured through altLINE has allowed the founders to take on growth at a rapid yet healthy pace. The company has grown from no revenue to $500,000 per month in billings in the span of 6 months.
Packaging Manufacturer
Initial Need: $500,000

Problem: Less than two years old, this manufacturer of industrial packaging was unable to secure a traditional line of credit from their local community banks due to a lack of operating history.

Solution: Rather than turning to an independent factoring company, the manufacturer chose to work with altLINE, a bank-backed factoring company, which offered him the best of both worlds – significant access to capital at a great rate.

Result: The manufacturer continues to grow and has moved into two new product lines. As their financial performance continues to develop, the company is working with altLINE to secure a more traditional credit facility.
Commercial Landscaper
Initial Need: $350,000

Problem: The landscaping company operates in a low margin industry, but the business’s previous factoring company was charging very high rates leaving little in terms of profitability.

Solution: Seeking a lower rate, the commercial landscaper sought out bids from other factoring companies. Being backed by a direct bank lender, altLINE was able to greatly reduce their factoring costs leaving more money in the business.

Result: With the same access to capital but at a reduced rate, the commercial landscaper has grown their business from $3MM to $7MM in 18 months.

How Does Factoring Work?

Client Success Story

See How altLINE Helped a Client Grow 1000%

OneStop Recruiting experienced consistent cash flow issues, even after becoming a $1 million company in 2016. To accelerate growth and improve their accounts receivable process, they turned to altLINE.
“Working with [the General Manager] Jim, working with [VP of Operations] Kelley, and working with our account manager Mildred has been a true blessing.”
Read The Full Story
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Why Work with altLINE?

Discover What Makes altLINE Unique

FDIC-Regulated
Lender

As a bank factoring provider, we are federally regulated, meaning you will receive a more secure and transparent customer experience.

Transparent
Rates

With a direct source of funds through our bank, altLINE can offer lower rates and no hidden fees, helping you factor more confidently.

WORK WITH A Dedicated Account
Manager

You will receive a dedicated account manager who will help you manage your back office tasks, including collecting invoice payments.

Smooth Customer
Onboarding

With a dedicated onboarding specialist, we make it easy for both you and your customers to transition into the new factoring process.

Complimentary
Customer Vetting

Our team of experts will perform credit checks on your customers, so you can feel more confident extending terms to your clients.

Same Day Funding
Available

Have a tight turnaround and need funding quickly? We have same day funding options that allow you to stress less when you need to make payments.

How altLINE Can Help You Grow

How Invoice Factoring Supports Alabama Businesses

Alabama businesses are instrumental in the steel, automotive, manufacturing, aerospace, and agriculture industries, but these types of businesses tend to face similar issues with invoice payments. It’s common for businesses in Alabama to offer net 30, 60, or even 90 day payment terms, but extending this credit to customers can put a strain on cash flow, limiting business growth.

Invoice factoring, also known as accounts receivable financing, is a quick, effective means of infusing your business with cash. In today’s environment, buyers continue to stretch their suppliers’ payment terms, causing many small businesses in Alabama to seek out alternative forms of financing. altLINE by the Southern Bank Company meets those needs and offers a solution, all from our headquarters in Birmingham, Alabama. When you work with us, you work with a local financing partner that understands the challenges Alabama businesses face.

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 Alabama, we don’t charge hidden fees that are intended to trap you. As a regulated bank, we’re 100% transparent because we both want to be and have to be.

See Why We're a Top Rated Provider

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Who We Serve

We Serve a Broad Range of Industries in Alabama

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