Unpaid invoices holding you back?

Stop waiting 30-90 days for paid invoices. Payroll funding with altLINE gets your staffing company the instant cash you need so you can keep growing your business.

Rates from 0.50%

Advances up to 90%

No Application Fee

Fast Approval

Trusted Bank Since 1936

Call the altLINE Payroll Funding Hotline

205-607-0810

Get Your Free Payroll Funding Quote

Are your receivables building up, but your cash flow is tight?

Payroll Funding with altLINE funds up to 90% of your invoices today, offering you a critical boost in cash flow that helps you pay your employees, vendors and other expenses while we wait for your customers to pay their bills. Find out more by requesting a free quote.

Customers We’ve Recently Helped

1 2 3

Electronics Manufacturer

Initial Need:
$500,000

Problem:
In business since the 1990s, this manufacturer has utilized factoring since its inception. Unfortunately, their current factoring company was experiencing significant turnover and causing a negative impact on their relationship.

Solution:
In addition to offering a stable, bank-operated home, The Southern Bank analyzed the manufacturing company’s receivables and current factoring fee schedule and was able to identify significant savings opportunities.

Result:
With a new factoring company in place, the relationship between the manufacturer and their customers greatly improved. In addition, the manufacturer was able to save well in excess of 30% on their previous factoring costs.

Engineering Consulting Company

Initial Need:
$30,000

Problem:
The Southern Bank’s altLINE team was contacted by an engineer interested in launching his own technical consulting business. Unfortunately, the business had no operating history and insufficient working capital to fund employee payroll.

Solution:
By underwriting the credit quality of the client’s customer rather than the client, The Southern Bank had no problem putting in a sufficient factoring line that allowed the entrepreneur to get back to doing what he does best – growing his business.

Result:
In 8 months the company has grown from $30,000 per month in sales to over $200,000 a month. Additionally, he has done so without raising any outside equity and maintains 100% control of his business.

Textile Manufacturer

Initial Need:
$2,000,000

Problem:
Founded more than 20 years ago, this textile manufacturing company had lost a major client and began tripping covenants in their bank line of credit. They needed a new home and fast.

Solution:
The Southern Bank was referred by the current bank and was able to structure a factoring facility that operated much like their current asset based revolver.

Result:
By moving to a bank-owned factor instead of a more expensive independent factoring company, the textile manufacturer was able to control financing costs and redeploy those savings back into improving his business.

Most Common Industries We Serve

Don’t see your industry listed? Reach out for a quote, and we’ll let you know if we can help.

Staffing

Manufacturing

Wholesale

Oil & Gas

Distribution

Consulting

Professional Services

Janitorial Services

Facility Services

Food & Beverage

Textile & Apparel

And Many More…

Why You Should Factor with a Bank

instead of other factoring or payroll funding companies

Payroll funding, or invoice factoring 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 to seek out alternative forms of financing. altLINE by The Southern Bank meets those needs with a solution that offers:

Reliability

Economic or industry headwinds? Work with a trusted lender that has been banking since 1936. We’re here when you need us most.

Efficiency

As a bank, we’re able to process invoices and payments faster and cheaper than independent financing companies. Avoid the float days and accelerate your cash flow.

Low Cost

By working directly with a bank instead of an independent Factoring company, our customers cut out the middleman – saving time and money.

Flexibility

Compared to traditional financing, our Factoring solution provides more working capital to a broader customer base. We find more ways to say “Yes” to business owners.