Entries by Connor Cranford

What is a Factoring Company?

Chances are if you’re a business owner and you’ve found this article, you’re considering various financing options available to you. Alternative financing options are becoming more prevalent with the expansion on online lenders, so you may be asking “What is a factoring company?” A factoring company is a financing partner who helps businesses in need […]

Invoice Factoring for Consulting Firms

If you own or manage a consulting firm, you know that cash flow can be a problem. You incur unusually heavy upfront costs—to hire the best professionals and ensure they receive the ongoing training they need to remain up-to-date. However, the very clients you work so hard to help are sometimes hesitant to pay you […]

Choosing the Best Factoring Company

With so many options, choosing the best factoring company for your business may seem overwhelming. No two factoring companies do things exactly the same – they specialize in different industries, offer different terms and use different language. These differences make comparing factoring companies difficult. Five questions to ask a factoring company: 1. How long have […]

Bank Factoring Company Offers Flexibility

What is Bank Factoring? Factoring is a transaction between a business and a third-party (the factor) which provides quick cash flow in exchange for accounts receivable and/or other assets. A business can use its invoices (accounts receivable) as leverage or sell off accounts receivable to the factor to obtain cash. Depending on the arrangement, the […]

Factoring for Manufacturing Companies & Top Industry Challenges in 2017

Earning a top position among manufacturing companies is becoming increasingly difficult due to the rapidly changing landscape of the manufacturing industry. Amid the many challenges facing manufacturers today are employee skills gaps, cash flow hindrances, and keeping up with innovation. Here at altLINE, our team specializes in factoring for manufacturing companies. Below we look at […]

Financing for Staffing Companies

Running a successful staffing company requires managing multiple priorities, relationships and partnerships. This balance often presents a tough challenge even for seasoned staffing professionals. Staffing companies that find the right employees and reliable partners stand to enjoy greater profitability and growth. In this post, we’ll address key points related to financing for staffing companies: industry […]

The Southern Bank Celebrates 80 Years – Then & Now

The Southern Bank Company, a full-service bank based out of Gadsden, AL is pleased to announce that 2017 will be its 80th anniversary. The bank has branch locations in Gadsden, Guntersville, Albertville and Centre, with a specialty commercial lending division, altLINE, operating out of Birmingham. The bank would like to thank the community for great […]

Invoice Factoring vs Bank Loans

Factoring & Bank Loan Comparison The comparison of factoring vs bank loans comes up often among businesses looking to access working capital. As a factoring bank, The Southern Bank offers a unique perspective on answering this question. We provide businesses in all industries and sizes a broad range of commercial lending options. These include invoice […]

What is Factoring? 10 FAQs

Q: What is factoring? A: Factoring, also known as invoice factoring, allows a business to receive money owed to it in advance of collection. Rather than waiting 30, 60 or 90 days to receive payment, factoring provides a business-to-business company with much faster access to its money. Q: How does factoring work? A: A business […]

Is Invoice Factoring the Same as AR Financing?

Does your business need financing to grow or improve cash flow? If so, invoice factoring and accounts receivable financing may be options you’re exploring. A tremendous amount of information exists online, but the viewpoints often prove more confusing than helpful. Many financing and factoring companies use the terms factoring and accounts receivable financing interchangeably. In […]