altLINE
Nevada Invoice Factoring Company
Do your customers take 30+ days to pay? Are you struggling to meet payroll? Turning down jobs because you lack working capital?
The altLINE by the Southern Bank helps businesses in Nevada with accounts receivable financing and invoice factoring. We purchase your unpaid invoices and give you the cash you need.
Call Us Today
+1 (205) 607-0811
Recent Factoring Deals
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 by The Southern Bank to see what they could do. Unlike many factoring companies, altLINE has factoring programs specifically catering to start up businesses and was able to put a facility in place.
Result: The factoring line that was put in place has given the founders to take on growth at a rapid, yet healthy pace. The company has grown from no revenue to $500,000 month in billings in the span of 6 months.
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 The Southern Bank 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 The Southern Bank to secure a more traditional credit facility.
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. As a direct bank lender, The Southern Bank 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?
Why Work with altLINE?
Discover What Makes altLINE Unique
FDIC-Regulated
Lender
Transparent Rates
WORK WITH A Dedicated Account
Manager
Smooth Customer
Onboarding
Complimentary
Customer Vetting
Same Day Funding
Available
Client Success Story
See How altLINE Helped a Client Grow 1000%
How altLINE Can Help You Grow
How Invoice Factoring Supports Nevada Businesses
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 Nevada to seek out alternative forms of financing. The Southern Bank meets those needs and offers a solution.
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 Nevada, 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.
With Factoring, Nevada Companies Can...
GROW MORE QUICKLY
Get paid more quickly and accelerate your business growth.
BOOST WORKING CAPITAL
Increase working capital with a funding solution that grows with you.
get BACK OFFICE support
Our team will credit check your customers and aid in invoice collection.
access funds quickly
Once you’re set up in our system, you can receive funding in less than 24 hours.
enjoy fLEXIBLE financing
With an easy qualification process and scalable financing structure, you can get paid on your terms.