Grey Idol – altLINE https://altline.sobanco.com Invoice Factoring, Accounts Receivable Financing, and Asset-Based Lending Tue, 24 Mar 2026 19:28:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://altline.sobanco.com/wp-content/uploads/2023/03/favicon-36x36.png Grey Idol – altLINE https://altline.sobanco.com 32 32 Sample Factoring Agreement – What Does One Look Like? https://altline.sobanco.com/sample-factoring-agreement-what-does-one-look-like/ Mon, 23 May 2022 19:34:32 +0000 https://altline.sobanco.com/?p=7727 When you are a small business owner, your company will likely have a challenging time managing cash flow. It is also likely you’ll need to pay for goods and services before you have the cash to do so – things like payroll, for example. This is where invoice factoring can help, by turning your outstanding […]

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]]> 5 Types of Equity Financing for Small Business https://altline.sobanco.com/5-types-of-equity-financing-for-small-business/ Mon, 16 May 2022 19:55:40 +0000 https://altline.sobanco.com/?p=7714 Starting a new business presents many challenges, especially having insufficient capital. As a small business owner, you may not have enough money to start and grow your business. So you have to rely on others to provide you with capital. Individuals and organizations willing to finance your business will give you different terms, depending on […]

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]]> What Is the Average Collection Period? https://altline.sobanco.com/what-is-the-average-collection-period-ratio/ Mon, 16 May 2022 19:52:48 +0000 https://altline.sobanco.com/?p=7710 Every business owner should work to ensure customers are paying invoices in a timely manner. Slow-paying customers can cause serious cash flow problems for any business, so it’s crucial to analyze how customer payment habits are affecting your company’s growth. To do this, you can calculate your average collection period ratio. A company’s average collection […]

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]]> How to Check and Monitor Your Business Credit Score https://altline.sobanco.com/guide-to-business-credit-scores-and-how-to-check-them/ Mon, 16 May 2022 19:25:10 +0000 https://altline.sobanco.com/?p=7706 A good credit score plays a significant role in determining business owners’ eligibility for financing. So if you’re a new business owner and you’re getting ready to start exploring funding options, it’s imperative to first know your credit score. Once you begin monitoring your credit, you can start making strategies to increase your credit rate, […]

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]]> How to Calculate Accounts Receivable Turnover Ratio https://altline.sobanco.com/how-to-calculate-accounts-receivable-turnover-ratio/ Thu, 12 May 2022 21:23:35 +0000 https://altline.sobanco.com/?p=7701 There are many calculations and metrics that can provide valuable insight into your business operations and financials. One metric, the Accounts Receivable Turnover ratio, it’s useful to track how efficiently you collect debts from customers to whom you have extended credit. Too many late or delinquent payments negatively impact cash flow. Here’s what business owners […]

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]]> The Times Interest Earned Ratio and What It Measures https://altline.sobanco.com/the-times-interest-earned-ratio-and-what-it-measures/ Thu, 12 May 2022 21:03:36 +0000 https://altline.sobanco.com/?p=7697 A company’s financial health is calculated using several different metrics. One is the Times Interest Earned (TIE) ratio, also called the Interest Coverage Ratio. Most companies need to borrow money occasionally to maintain or expand their business. However, if a company can’t meet its debt obligations, it could go bankrupt. The TIE ratio is a […]

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]]> Financing With Hard Money Loans https://altline.sobanco.com/financing-with-hard-money-loans/ Thu, 12 May 2022 20:55:38 +0000 https://altline.sobanco.com/?p=7692 Whether traditional lenders have turned you down or you’re simply considering alternative lending options for an upcoming business venture, you’ve likely come across the term “hard money loan.” What is a hard loan, though, and is it right for you? What Is a Hard Money Loan? A hard money loan is a type of loan […]

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]]> What Is the Weighted Average Cost of Capital (WACC)? https://altline.sobanco.com/what-is-the-weighted-average-cost-of-capital-wacc/ Wed, 13 Apr 2022 20:11:22 +0000 https://altline.sobanco.com/?p=7662 Running a business requires a solid understanding of basic financial terms and equations. You can use this financial knowledge to better understand how your company operates and ensure you track your finances correctly. This short article defines and details the formula for the weighted average cost of capital (WACC). This formula may seem confusing at […]

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]]> What Is Net Profit Margin? https://altline.sobanco.com/what-is-net-profit-margin/ Wed, 13 Apr 2022 20:09:59 +0000 https://altline.sobanco.com/?p=7664 Net profit margin is one of many ways to measure the success and growth of your business over time. Your business’s net profit margin can inform decisions related to the profitability of your business, but it can’t tell you everything. Read on to learn more about net profit margin, calculating it, and how it can […]

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]]> Best Large Banks for Small Businesses https://altline.sobanco.com/best-big-banks-for-small-businesses/ Wed, 13 Apr 2022 20:07:44 +0000 https://altline.sobanco.com/?p=7666 One of the worries small businesses have is how they’ll handle their financials and who will be responsible for their banking needs. It’s a legitimate concern when deciding which banks to handle your money or which banks to choose for financial support. Depending on what you plan to do in your business, you may find […]

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]]> What Is Return on Equity Ratio (ROE)? https://altline.sobanco.com/what-is-return-on-equity-ratio-roe/ Wed, 13 Apr 2022 19:28:25 +0000 https://altline.sobanco.com/?p=7668 A return on equity (ROE) ratio measures the profitability of a business. To calculate the return on equity, business owners must divide the net income by the shareholder’s equity. Shareholder’s equity is a business’ gross assets minus liabilities. ROE is an essential metric for business owners because it allows you to gauge your profit levels. […]

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]]> What Is an Opportunity Cost and How Is it Calculated? https://altline.sobanco.com/what-is-an-opportunity-cost-how-to-calculate/ Wed, 13 Apr 2022 19:25:45 +0000 https://altline.sobanco.com/?p=7670 Opportunity cost is a popular term not only in the business and financial realm, but in everyday conversation as well. These costs refer to what you sacrifice when you choose one option over other alternatives, however since this term is used so often and generally, it’s important to understand how you calculate opportunity cost, including […]

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]]> Invoice Factoring for QuickBooks Guide https://altline.sobanco.com/invoice-factoring-for-quickbooks-guide/ Wed, 09 Mar 2022 17:23:31 +0000 https://altline.sobanco.com/?p=7629 You want to grow your business, but you’re finding it difficult to get the cash flow that you need. You’ve tried asking for a loan or getting an additional credit card, but the banks say you don’t have enough collateral or enough credit history. What do you do? Invoice factoring can be a solution to […]

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]]> How to Make a Profit and Loss Statement https://altline.sobanco.com/how-to-make-a-profit-and-loss-statement/ Wed, 09 Mar 2022 17:20:35 +0000 https://altline.sobanco.com/?p=7633 Making a profit and loss statement (P&L) is one of the most important things you can do for your business—in fact, it’s one of the three essential financial statements. This document tells you how much money your company has made and lost over a specific time. It can also provide insights into your business’s financial […]

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]]> Calculating Discounted Cash Flows in Payback Period https://altline.sobanco.com/calculating-discounted-cash-flows-in-payback-period/ Wed, 09 Mar 2022 17:19:14 +0000 https://altline.sobanco.com/?p=7635 Business owners and project managers use tools like discounted cash flows in the payback period to make fiscally responsible investment decisions. You can determine whether a proposed project is viable with this formula since this formula compares the initial costs involved with the financial returns you can expect to receive. In this article, you will […]

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]]> Net Cash Flow and How It’s Used https://altline.sobanco.com/net-cash-flow-and-how-its-used/ Mon, 28 Feb 2022 22:15:57 +0000 https://altline.sobanco.com/?p=7604 If you’re a first-time small business owner, you’re probably getting hit with financial terms like “net cash flow” that would make the average person want to run for the hills. However, it is important to stay informed to help your business remain afloat. Understanding bankruptcy, profit and loss and everything in between – financial literacy […]

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]]> How to Make a Business Balance Sheet https://altline.sobanco.com/how-to-make-a-business-balance-sheet/ Fri, 25 Feb 2022 16:16:50 +0000 https://altline.sobanco.com/?p=7589 There’s a reason a balance sheet is considered one of the three essential financial statements. By making a balance sheet, business owners get an inside look into how your business is performing, thus providing a guide to make more informed decisions moving forward. Every business owner needs to know how to make a balance sheet. […]

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]]> How to Ask for Payment Politely and Professionally in a Message https://altline.sobanco.com/email-templates-you-can-use-to-politely-ask-for-payment-professionally/ Thu, 09 Dec 2021 16:59:41 +0000 https://altline.sobanco.com/?p=7475 Business owners often only get paid when their clients pay, which can be inconvenient due to long payment terms, past due invoices, and forgetful clients. If you’re finding that your invoices aren’t getting paid on time, you’re not alone. One Quickbooks study showed that 56% of small business owners are owned money from unpaid invoices, […]

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]]> How to Collect Unpaid Invoices https://altline.sobanco.com/how-to-collect-unpaid-invoices-deal-with-them/ Thu, 09 Dec 2021 16:43:10 +0000 https://altline.sobanco.com/?p=7470 You’ve been working hard for months, maybe even years, to build your business and take good care of your customers. But regardless of how committed you are to fostering these relationships, it’s not uncommon for them to fail to abide by payment terms and allow invoices to become overdue. You may then be left wondering […]

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]]> Invoice Payment Terms: What Are They and Which Should You Work On? https://altline.sobanco.com/standard-invoice-payment-terms/ Wed, 17 Nov 2021 22:04:46 +0000 https://altline.sobanco.com/?p=7427 As a new business owner, learning different invoice payment terms before setting up your invoicing system is crucial. You don’t want to sign a contract with a supplier or buyer without knowing all of your payment term options, because you might be missing out on terms that are more suitable for both your business and […]

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]]> How to Audit Your Cash Flow and Accounts Receivables https://altline.sobanco.com/how-to-audit-your-cash-flow-and-accounts-receivables/ Wed, 17 Nov 2021 22:03:57 +0000 https://altline.sobanco.com/?p=7431 Performing a cash flow audit is an essential responsibility that every business owner should have on their year-end accounting checklist. Auditing a cash flow statement can show how your accounts receivable, inventory, and accounts payable line up yearly. By analyzing these trends, you’ll be better prepared to help your business grow. Falling behind on auditing […]

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]]> What Is Working Capital Financing? https://altline.sobanco.com/what-is-working-capital-financing/ Wed, 17 Nov 2021 22:03:07 +0000 https://altline.sobanco.com/?p=7434 It’s not uncommon for companies to not have enough cash on hand for their daily operations. This is why 20% of new businesses fail during their first two years of opening, 45% during their first five years, and 65% during their first decade. Whether you are finding it difficult to get new stock, buy new […]

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]]> How To Calculate Cash Flow Margin https://altline.sobanco.com/how-to-calculate-cash-flow-margin/ Thu, 28 Oct 2021 14:53:27 +0000 https://altline.sobanco.com/?p=7401 A company’s cash flow margin is one measure of its profitability. The cash flow margin reveals whether an organization can convert sales activities into liquid assets. While this margin can also show how profitable a company is, there isn’t a firm, universal baseline. A margin that’s ideal for one company might indicate a loss of […]

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]]> How to Refinance a Small Business Loan https://altline.sobanco.com/how-to-refinance-a-small-business-loan/ Thu, 28 Oct 2021 14:45:20 +0000 https://altline.sobanco.com/?p=7405 Most business owners don’t recognize that their current loan may no longer be the best for their enterprise. And as the Covid-19 pandemic lingers, many small businesses are looking for help to remain operational. After paying your business loan for some time, there are options to reduce your debt even further. You may extend repayment […]

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]]> Cash Flow Risk Management and How to Reduce Risk https://altline.sobanco.com/cash-flow-risk-management-and-how-to-reduce-risk/ Thu, 28 Oct 2021 14:35:35 +0000 https://altline.sobanco.com/?p=7407 In any business, cash flow, which is the amount of money that moves in and out to determine the value of the business, causes entrepreneurs sleepless nights. Because a business is exposed to several uncertain financial issues, cash flow risk can come in many forms. These include competitive, industry, or financial cash flow risk, resulting […]

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]]> Common Small Business Loan Terms https://altline.sobanco.com/common-small-business-loan-terms/ Wed, 11 Aug 2021 15:12:15 +0000 https://altline.sobanco.com/?p=7090 When running a small business, you may need to get a loan to expand your operations. However, there are many small business loans out there that have varying terms and conditions. By understanding the terms, amounts, time to funding, and eligibility requirements, you can spot a quality small business loan for your company. What Are […]

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]]> Does a Business Loan Affect Personal Credit? https://altline.sobanco.com/does-a-business-loan-affect-personal-credit/ Wed, 11 Aug 2021 15:11:24 +0000 https://altline.sobanco.com/?p=7092 Financing a business isn’t always straightforward. There are periods you have to take loans to sustain, or even kickstart your business. Since the business ecosystem is very volatile, your company must sometimes default on loans, and that’s when you might think your business finances can potentially get intertwined with personal credit. But do business loans […]

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]]> How To Prep For A Level 1 DOT Inspection https://altline.sobanco.com/how-to-prep-for-a-level-1-dot-inspection/ Tue, 27 Jul 2021 18:57:09 +0000 https://altline.sobanco.com/?p=7007 While not the most glamorous part of the job, getting your truck ready for a DOT inspection comes with being a truck driver or trucking business owner. Your drivers will have to make sure that they are ready to stop along their routes. And while preparing for a level 1 DOT inspection can seem tedious […]

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]]> How to Start a Trucking Company https://altline.sobanco.com/how-to-start-and-run-a-trucking-company/ Mon, 26 Jul 2021 19:37:21 +0000 https://altline.sobanco.com/?p=7013 Starting your own trucking business can be a highly rewarding undertaking. According to Zip Recruiter, the average semi-truck owner-operator in the U.S. brings home $228,575 per year. So with this in mind, it’s no surprise why starting a trucking company is such an exciting venture for entrepreneurs. But starting and growing a successful trucking company is […]

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]]> How to Write a Trucking Business Plan https://altline.sobanco.com/how-to-write-a-trucking-business-plan/ Sun, 25 Jul 2021 19:22:26 +0000 https://altline.sobanco.com/?p=7011 If you have an entrepreneurial spirit and a passion for trucking, you may have considered starting a trucking company. However, owning a business is a challenging task if you don’t have a plan. A business plan can help you define your company’s mission to get investors, loans, partners, and employees interested. You will prove to […]

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]]> Requirements for a Driver Qualification File (DQF) https://altline.sobanco.com/requirements-for-a-driver-qualification-file/ Thu, 22 Jul 2021 19:40:30 +0000 https://altline.sobanco.com/?p=7017 The commercial motor vehicle industry is associated with big trucks, multiple deliveries, long drives, and rest stops – not mountains of paperwork. However, documents, certifications, and background checks play a crucial role in operating a commercial motor vehicle (CMV) company. Hiring a truck driver involves a lot more than finding someone with a commercial driver’s […]

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]]> Guide to Truck Detention: What is a Detention Fee? And How to Determine Yours https://altline.sobanco.com/guide-to-truck-detention-what-is-a-detention-fee-and-how-to-determine-yours/ Wed, 21 Jul 2021 19:38:42 +0000 https://altline.sobanco.com/?p=7015 Truck detention is something that happens often in the logistics business – it’s common and often unavoidable. However, to make the most of your time and money, there are ways you can plan for detention and minimize detention fees. For freight shippers, understanding truck detention is a critical component to protecting your bottom line and […]

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]]> How To Get Trucking Authority https://altline.sobanco.com/how-to-get-trucking-authority/ Sun, 18 Jul 2021 19:20:24 +0000 https://altline.sobanco.com/?p=7009 Let’s face it — getting trucking authority isn’t a walk in the park. There is a plethora of information you’ll find online that can make it hard to keep track of all the required steps. Having your trucking authority means you cut the third player or middleman, thus opening doors for more significant profit. But […]

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]]> Trucking Factoring Rates: How Much Do Freight Factoring Companies Charge? https://altline.sobanco.com/average-trucking-invoice-factoring-rates/ Thu, 24 Jun 2021 18:02:27 +0000 https://altline.sobanco.com/?p=6897 After learning about what freight factoring is, the next step is to find out how much it factoring costs when you include all rates and fees associated with this alternative financing solution. Then, you can gauge whether or not freight factoring makes sense for your trucking company. Continue reading to learn about what will determine […]

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]]> How Do Freight Brokers Find Shippers and Loads? https://altline.sobanco.com/how-do-freight-brokers-find-shippers-and-loads/ Thu, 24 Jun 2021 17:52:43 +0000 https://altline.sobanco.com/?p=6892 Shipping goods from Point A to Point B sounds simple, but it’s usually a complex process, meaning that independent freight brokers have a lot on their plate. Some of the most common challenges for freight brokers are consistently finding loads to haul, finding shippers for those loads, and forging long-term partnerships with shippers. Yet while […]

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]]> How to Finance a Trucking Business https://altline.sobanco.com/how-to-finance-a-trucking-business/ Thu, 24 Jun 2021 15:37:51 +0000 https://altline.sobanco.com/?p=6887 With more and more consumers preferring to shop online, the demand for shipping services keeps rising. The trucking industry has been picking up pace in recent years, considering that trucks transport 70% of the total domestic freight tonnage. As per recent research, 63% of online shoppers expect their package to arrive in under three days […]

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]]> How to Improve Cash Flow for Your Trucking Company https://altline.sobanco.com/how-to-improve-cash-flow-for-your-trucking-company/ Thu, 24 Jun 2021 15:02:53 +0000 https://altline.sobanco.com/?p=6883 Most small business owners are acutely aware of the cash flow challenges associated with expanding their businesses, and trucking company owners are no exception. It isn’t easy to establish and maintain a trucking business. It takes hard work, business knowledge and quick thinking to succeed and maintain positive cash flow. While not all business owners […]

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]]> How To Create Trucking Invoices That Get You Paid Quickly https://altline.sobanco.com/how-to-create-trucking-invoices-that-get-you-paid/ Tue, 22 Jun 2021 15:25:56 +0000 https://altline.sobanco.com/?p=6854 If you own or manage a trucking business, you must have an idea of how much slow-paying customers can affect day-to-day operations. There are many expenses to take care of, such as fuel, fleet maintenance, salaries, etc. If you have negative cash flow, crucial parts of the business can grind to a halt. But did […]

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]]> How To Do a Budget Analysis for Your Business https://altline.sobanco.com/how-to-do-a-budget-analysis-for-your-business/ Thu, 17 Jun 2021 20:03:10 +0000 https://altline.sobanco.com/?p=6840 Like it or not, budgeting is one of the most crucial aspects of running a successful business of any size. Your monthly budget—and the in-depth analysis it entails—gives you all the information you need about the money your business brings in and where it’s going. Tracking your cash flow is especially important if you have […]

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]]> How to Calculate Accounts Receivable Turnover Ratio: What’s a Good Ratio? https://altline.sobanco.com/how-to-calculate-accounts-receivable-turnover-ratio-whats-a-good-ratio/ Tue, 08 Jun 2021 15:52:51 +0000 https://altline.sobanco.com/?p=6812 If your company operates in the retail industry or provides a product or service, you’ll need to know how effective your collections efforts are during the year. There is a method for determining this information: your accounts receivable turnover ratio. It may sound complicated, but calculating this ratio is pretty simple. This is something every […]

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]]> How Staffing Agencies Find Clients https://altline.sobanco.com/how-to-find-clients-for-your-staffing-agency/ Tue, 08 Jun 2021 15:51:24 +0000 https://altline.sobanco.com/?p=6818 Winning clients is the single most significant and essential factor in growing a staffing agency from the ground up. If you know how to find clients, running a staffing agency can be a lucrative venture. As long as you’re ambitious and are deploying the right strategies, the sky is the limit for your business. To […]

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]]> What to Know About Short-Term Business Loans and Debt Financing https://altline.sobanco.com/what-to-know-about-short-term-business-loans-and-debt-financing/ Tue, 08 Jun 2021 15:49:11 +0000 https://altline.sobanco.com/?p=6822 Being a small business owner comes with plenty of ups and downs. The day-to-day machinations can be thrilling to take part in. It’s exciting to watch as your business chugs along, perfecting its craft and meeting the needs of the customers for whom you started this business in the first place. In the world of […]

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]]> How to Run a Successful Staffing Agency https://altline.sobanco.com/how-to-run-a-successful-staffing-agency/ Tue, 08 Jun 2021 15:47:55 +0000 https://altline.sobanco.com/?p=6815 Running a staffing agency requires some insight and several skills in addition to planning and attention to detail. Each part of the company needs to be fine-tuned to produce positive results and steady growth. The company’s success requires a solid business plan designed to  handle multiple accounts and fluctuation in growth over time effectively. Although […]

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]]> How to Get Out of a Merchant Cash Advance https://altline.sobanco.com/how-to-get-out-of-a-merchant-cash-advance/ Thu, 27 May 2021 18:45:10 +0000 https://altline.sobanco.com/?p=6802 Merchant cash advances (MCAs) are a go-to source of financing for business owners who need quick cash. But if you’re in a situation where you need immediate funding, you might not have time to thoroughly analyze the long-term effects an MCA might have on your financials. Sometimes, business owners realize working with high-risk MCA lenders […]

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]]> What You Should Know About Taxes and Factoring https://altline.sobanco.com/what-you-should-know-about-taxes-and-factoring/ Wed, 26 May 2021 19:59:33 +0000 https://altline.sobanco.com/?p=6782 Business owners often struggle with slow-paying customers or long payment terms causing cash flow problems, putting a cramp on finances. This is why more and more businesses are turning to invoice factoring for faster liquidity by getting paid faster. While factoring has been around for a while, it’s still a relatively unknown alternative funding solution […]

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]]> Accounts Payable Management and Profitability Impact https://altline.sobanco.com/accounts-payable-management-and-profitability-impact/ Wed, 26 May 2021 19:58:29 +0000 https://altline.sobanco.com/?p=6786 Accounts Payable (AP) is a staple of accounting, as managing your payable properly goes a long way to ensuring overall bookkeeping organization. AP management refers to the process of recording liability amounts in a record book, verifying expenses owed to a specific party, processing payment for those expenses, and documenting all payments. AP is a […]

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]]> How to Fill Out an Accounts Receivable Aging Schedule https://altline.sobanco.com/how-to-fill-out-an-accounts-receivable-aging-schedule/ Tue, 25 May 2021 14:45:16 +0000 https://altline.sobanco.com/?p=6765 Proper account receivables management is among the key secrets to a thriving business. It helps the management identify and fix potential cash flow problems, conversely facilitating smooth-sailing operations. An excellent way to stay on top of account receivables is through an aging schedule. From what it is to why it’s of the essence, below is […]

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]]> How to Price Staffing Services https://altline.sobanco.com/how-to-price-staffing-services/ Tue, 11 May 2021 16:13:09 +0000 https://altline.sobanco.com/?p=6694 When you start a staffing company, you need to know the proper amount to charge for your services. You don’t want to charge too little and lose money for your time and effort, and you also don’t want to aim too high and scare off potential customers. So, how do you achieve the right balance? […]

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]]> Best Software and Apps for Recruitment Agencies https://altline.sobanco.com/best-apps-for-staffing-companies/ Tue, 11 May 2021 16:06:25 +0000 https://altline.sobanco.com/?p=6688 Hiring employees can sometimes feel impossible. Lately, finding reliable employees can be more difficult than it has been in the past. But there is technology available that can help make the hiring process easier for staffing companies. Staffing agencies can utilize mobile apps to help bridge the gap between hiring companies and eligible employees. This […]

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]]> Payroll Loans vs. Payroll Funding https://altline.sobanco.com/payroll-loans-vs-payroll-funding/ Tue, 04 May 2021 16:10:41 +0000 https://altline.sobanco.com/?p=6601 Running a small business can be as much about timing as anything else. Cash comes in. Cash goes out. Payroll loans and payroll funding (also known as payroll factoring) provide important ways to balance these occasionally unpredictable flows of money. Getting the timing of your financing right can become crucial to keeping your small business […]

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]]> What is Debt Factoring? https://altline.sobanco.com/what-is-debt-factoring/ Tue, 04 May 2021 16:09:20 +0000 https://altline.sobanco.com/?p=6606 Business owners should always seek out ways to leverage their assets. One way to do so is by utilizing debt factoring, which is a specific form of alternative financing designed to help businesses quickly boost cash flow without incurring debt. Sometimes referred to as invoice factoring, debt factoring is based on selling receivables to a […]

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]]> AR Automation Software: What it Is, How it Helps, and How to Choose the Best Solution https://altline.sobanco.com/how-to-choose-the-right-accounts-receivable-management-solution/ Wed, 14 Apr 2021 18:24:26 +0000 https://altline.sobanco.com/?p=6485 It’s easy to get lost in the pile when it comes to tracking invoices and remembering how much money your customers owe you after providing them with your services. If you don’t keep a close eye on this aspect of your business finances, you may lose money, and your business could suffer the consequences. That’s […]

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]]> How to Record Invoice Factoring Transactions https://altline.sobanco.com/how-to-record-invoice-factoring-transactions/ Thu, 18 Mar 2021 20:05:55 +0000 https://altline.sobanco.com/?p=6373 Because the invoice factoring process is so unique in business financing, recording invoice factoring transactions can seem complicated at first. Before recording factored invoices, business owners and stakeholders need to fully understand how the process works along with the ins and outs outlined in the factoring agreement. You might be surprised at how simple factoring […]

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]]> How to Create a Business Cash Flow Statement https://altline.sobanco.com/how-to-make-a-cash-flow-statement/ Thu, 18 Mar 2021 20:02:00 +0000 https://altline.sobanco.com/?p=6371 Every business owner needs to have a good understanding of the three essential financial documents: profit and loss statement, balance sheet, and cash flow statement. A profit and loss statement details income and expenses over a certain period, and a balance sheet details your assets and liabilities, but what exactly is a cash flow statement? […]

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]]> How to Complete a Break-Even Analysis https://altline.sobanco.com/how-to-complete-a-break-even-analysis/ Thu, 18 Mar 2021 20:01:07 +0000 https://altline.sobanco.com/?p=6369 Your business is running; you’re making sales; inventory is turning over, but are you making a profit? There are many costs involved in running a business, from salaries to rent to insurance to payroll, and even more so in the early days of a new company when the investments typically surpass the initial sales. It […]

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]]> What Is Spot Factoring? https://altline.sobanco.com/what-is-spot-factoring/ Thu, 18 Feb 2021 18:16:10 +0000 https://altline.sobanco.com/?p=6325 Spot factoring, also known as single invoice factoring, is a way for companies to improve cash flow without taking out a loan or selling equity. Spot factoring differs from traditional invoice factoring because it is primarily used to factor a single large invoice, rather than a set of invoices. It tends to be more expensive […]

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]]> What Is Invoice Discounting and How Does It Work? https://altline.sobanco.com/invoice-discounting/ Fri, 12 Feb 2021 19:37:53 +0000 https://altline.sobanco.com/?p=6312 Cash flow is something most small businesses struggle with. Around 80% of small businesses have a hard time producing enough cash flow in their first five years. Sometimes you have the customers, but expenses are due, and you don’t have time to wait for unpaid invoices. Invoice discounting companies offer loans of up to 95% […]

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]]> What is Crowdfunding? https://altline.sobanco.com/what-is-crowdfunding/ Wed, 03 Feb 2021 21:13:48 +0000 https://altline.sobanco.com/?p=6284 It is often a struggle for entrepreneurs to find ways to fund their new business ventures. There are plenty of options, from traditional to unique. A popular and newer idea in business funding is crowdfunding. This method allows you to raise quite a bit of money without asking for a huge risk from those investing […]

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]]> What Is the Current Ratio? https://altline.sobanco.com/what-is-the-current-ratio/ Sun, 03 Jan 2021 21:13:21 +0000 https://altline.sobanco.com/?p=6286 There are few more important financial metrics for business owners than the three liquidity ratios: the quick ratio, cash ratio, and current ratio. Studies show that 50% of small businesses have fewer than 15 cash buffer days, a worrying statistic given these businesses are at great risk of failing if financial challenges are to arise. […]

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]]> Debt-to-Equity Ratio: Calculation and Measurement https://altline.sobanco.com/debt-to-equity-ratio-calculation-and-measurement/ Sun, 06 Dec 2020 21:12:48 +0000 https://altline.sobanco.com/?p=6288 When it comes to figuring your ability to secure funding for your business, you need to have a clear idea of your financial situation. There are many ways to do this. You must start by gathering all your financial data. You can then use several formulas to assess your current standings. One of those formulas […]

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]]> 9 Ways for Businesses to Survive and Thrive During COVID-19 https://altline.sobanco.com/9-ways-for-businesses-to-survive-and-thrive-during-covid-19/ Tue, 06 Oct 2020 19:42:10 +0000 https://altline.sobanco.com/?p=6107 No matter the size of your business, it probably has been caught in the crosshairs of COVID-19 in one way or another. The pandemic has brought businesses to their knees, fighting to keep customers and finding new ways to stay innovative and grow. Businesses can survive during the COVID-19 pandemic, but it’s going to take […]

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]]> Didn’t Get a PPP Loan? Here Are Your Other Financing Options During COVID-19 https://altline.sobanco.com/alternative-financing-to-ppp-during-covid19/ Tue, 11 Aug 2020 20:16:00 +0000 https://altline.sobanco.com/?p=6033 The Paycheck Protection Program (PPP) offers much-needed relief for small business owners struggling to stay on top of costs during the pandemic. Unfortunately, not every entrepreneur managed to secure one of these loans. Hasty implementation and high demand for funds led to system crashes, processing delays, and other complications. If you fail to benefit, there […]

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]]> Selling Accounts Receivable to Finance Your Business https://altline.sobanco.com/selling-accounts-receivable-to-finance-your-business/ Wed, 17 Jun 2020 16:54:44 +0000 https://altline.sobanco.com/?p=5976 If your business has cash flow problems, one option that can provide an immediate cash infusion into your business is to sell your accounts receivable. Selling receivables is called invoice factoring, an alternative financing solution aimed primarily to improve a company’s cash flow and liquidity. But factoring, as with other alternative lending options, is not […]

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]]> What is Alternative Lending? https://altline.sobanco.com/what-is-alternative-lending/ Thu, 30 Apr 2020 18:25:44 +0000 https://altline.sobanco.com/?p=5911 For many businesses, qualifying for traditional financing can prove difficult, and it doesn’t help that banks have become increasingly strict when reviewing business loan applications in the post-COVID era. Thankfully, there’s a different form of financing that is much easier for certain types of businesses to qualify for – alternative lending. While just 13% applications […]

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]]> Best Accounting Software for Small Businesses https://altline.sobanco.com/best-accounting-software-small-businesses/ Tue, 25 Feb 2020 16:03:17 +0000 https://altline.sobanco.com/?p=5850 As a small business owner, keeping up with finances can be a challenge, especially as your business grows and accounting gets increasingly complicated. But the importance of business accounting means you can’t just find a makeshift solution. Instead, the best business owners master the art of accounting. And for many, it’s mastered with the help […]

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]]> How to Choose a Factoring Company for Your Business https://altline.sobanco.com/choosing-a-factoring-company/ Fri, 15 Nov 2019 20:17:18 +0000 https://altline.sobanco.com/?p=2600 Considering invoice factoring as a cash flow solution for your business? With so many options, choosing a factoring company may seem intimidating because no two factoring companies operate the same way. They might specialize in different industries, offer varying terms and fees, and use different language. These differences mean it’s necessary to do your research, […]

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]]> Accounts Receivable Financing Rates Explained https://altline.sobanco.com/accounts-receivable-financing-rates-explained/ Tue, 15 Oct 2019 18:41:50 +0000 https://altline.sobanco.com/?p=5485 Specialty lenders often use the terms Accounts Receivable Financing and Factoring interchangeably. At altLINE, we purposefully differentiate between the two with distinct structures. Whatever a lender may call it, there are certain things to keep in mind when evaluating options. How are Accounts Receivable Financing Rates Determined? Similar to other A/R based lines, your Accounts […]

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]]> Why You Shouldn’t Always Choose the Cheapest Factoring Company https://altline.sobanco.com/cheapest-factoring-company/ Fri, 13 Sep 2019 15:29:49 +0000 https://altline.sobanco.com/?p=4817 No one likes to pay too much for a product or service, which is why we all shop and compare when we buy just about anything. But, when it comes to certain types of business services, you typically get what you pay for, which can end up costing you much more in many ways. You […]

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]]> Does Invoice Factoring Affect My Credit Score? https://altline.sobanco.com/does-invoice-factoring-affect-my-credit-score/ Mon, 15 Jul 2019 15:36:52 +0000 https://altline.sobanco.com/?p=4617 Successful business owners know how important their business credit score is. Building and maintaining a solid credit score is crucial for businesses as it can impact their ability to access capital as well as their credibility with vendors and customers. However, as less established businesses work to build their credit score, their access to traditional […]

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]]> Invoice Factoring vs. Invoice Discounting: What’s the Difference? https://altline.sobanco.com/invoice-factoring-vs-invoice-discounting/ Mon, 01 Jul 2019 15:23:30 +0000 https://altline.sobanco.com/?p=4569 The rising popularity of invoice factoring as a no-fuss, no-muss funding source for businesses has spawned an entire industry of factoring companies offering a range of options to address the varying types, needs, and preferences of businesses. But factoring isn’t the only alternative financing solution you’ll come across. There’s also what some factoring companies call […]

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]]> The Invoice Factoring Approval Process https://altline.sobanco.com/invoice-factoring-approval-process/ Fri, 28 Jun 2019 21:07:14 +0000 https://altline.sobanco.com/?p=4563 An increasing number of businesses are discovering the advantages of invoice factoring, the biggest of which is quick access to capital. Anyone who has applied for a business loan through a bank understands how cumbersome and lengthy the process can be, often taking weeks for approval. Compare that to three or four business days for […]

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]]> Invoice Factoring Advantages and Disadvantages https://altline.sobanco.com/invoice-factoring-advantages-and-disadvantages/ Tue, 28 May 2019 19:16:30 +0000 https://altline.sobanco.com/?p=4474 Invoice factoring has become an extremely popular financing tool for small, growing, and new businesses to keep cash flow steady. But like any funding solution, factoring comes with its pros and cons. Before partnering with a factoring company, you’ll want to know what you’re getting into. While factoring is generally considered low risk compared to […]

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]]> Invoice Factoring Myths and Misconceptions https://altline.sobanco.com/invoice-factoring-myths-and-misconceptions/ Sat, 20 Apr 2019 18:59:10 +0000 https://altline.sobanco.com/?p=4466 All growing businesses reach a critical juncture when they need access to capital to get to the next level. Whether it’s for hiring more staff, expanding operations, buying inventory, or taking on new customers, small businesses often come up short due to the lag between growing sales and the cash flow it creates. Factoring invoices […]

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]]> Get Your Invoices Paid Faster With Consulting Firm Factoring https://altline.sobanco.com/invoice-factoring-for-consulting-firms/ Mon, 24 Jul 2017 18:46:08 +0000 https://altline.sobanco.com/?p=2700 Many consulting firms spend lots of money upfront to hire the best personnel and train them to their standards. Unfortunately, some customers make you wait weeks or even months for payment, leaving you to foot the bill, increasing debt and disrupting cash flow. To grow your professional consulting firm and compete in the market, you […]

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]]> Get Your Invoices Paid Faster With Manufacturing Factoring https://altline.sobanco.com/invoice-factoring-manufacturing/ Mon, 03 Apr 2017 17:48:20 +0000 https://altline.sobanco.com/?p=2502 For businesses in the manufacturing industry, maintaining consistent cash flow is one of the most significant challenges because prompt invoice payments are required to achieve it. Unfortunately, because long invoice payment terms are common in the industry, cycles of negative cash flow and mounting debt can occur, particularly when dealing with slow-paying customers. A solution […]

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]]> Staffing Agency Financing https://altline.sobanco.com/financing-for-staffing-companies/ Wed, 01 Mar 2017 23:01:24 +0000 https://altline.sobanco.com/?p=2260 Running a successful staffing company can be rewarding, but you first must be able to finance your staffing agency to get your new venture off the ground. There are plenty of financing options available, but it can be intimidating to decide which solution best fits your business. In this article, we’ll address key points related […]

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]]> The Southern Bank Celebrates 80 Years – Then & Now https://altline.sobanco.com/southern-bank-celebrates-80-years-now/ Tue, 07 Feb 2017 13:32:41 +0000 https://altline.sobanco.com/?p=2606 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 […]

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]]> Is Invoice Factoring the Same as AR Financing? https://altline.sobanco.com/factoring-same-as-ar-financing/ Tue, 08 Nov 2016 18:19:02 +0000 https://altline.sobanco.com/?p=2076 Does your business need financing to expand or improve cash flow? If so, invoice factoring and accounts receivable financing are two forms of receivables financing worth exploring. A tremendous amount of information exists about these two financing solutions, but after researching, you might be left feeling confused. Many sources use the terms factoring and accounts […]

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]]> How to Switch Factoring Companies https://altline.sobanco.com/factoring-company-exit-strategy/ Wed, 21 Sep 2016 21:18:48 +0000 https://altline.sobanco.com/?p=2027 A factoring relationship can be exciting at first, as your company’s cash flow improves and you have a process in place to efficiently factor your receivables. Over time, however, you may find that your existing provider is no longer the right fit due to customer service issues, limits on factoring certain debtors, or other challenges. […]

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]]> What is a Notice of Assignment? https://altline.sobanco.com/invoice-factoring-notice-of-assignment/ Tue, 13 Sep 2016 18:36:01 +0000 https://altline.sobanco.com/?p=1999 If you’re a business owner considering invoice factoring, the notice of assignment (NOA) may cause you some confusion or even concern. What will my customers think? Why is an NOA necessary? Perhaps you might not even fully understand what an NOA is. Let’s address these questions to clarify what a factoring notice of assignment covers […]

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]]> GA Staffing Association Putting Champs! https://altline.sobanco.com/ga-staffing-association-putting-winner/ Tue, 30 Aug 2016 20:50:34 +0000 https://altline.sobanco.com/?p=1922 Thanks to everyone who came out to The Southern Bank’s Putting Contest at the Georgia Staffing Association‘s 16th Annual Golf Tournament! It was a great afternoon of golf and networking with many members and guests of the GSA. Congratulations to Charles Creech, of Synergy Insurance, and Mike Mitchell, a guest of EmployBridge, for winning The […]

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]]> Is Invoice Factoring Float Costing You? https://altline.sobanco.com/invoice-factoring-float/ Thu, 25 Aug 2016 18:59:14 +0000 https://altline.sobanco.com/?p=1888 Every invoice factoring company structures a deal a little differently, so it’s often difficult to compare proposals. By focusing on a few key aspects of invoice factoring agreements, we aim to help business owners make better, more informed financing decisions. We’ll be taking a closer look at four important areas of an invoice factoring agreement: […]

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]]> Payroll Funding Exit Strategy https://altline.sobanco.com/payroll-funding-exit-strategy/ Thu, 14 Jul 2016 23:19:23 +0000 http://altline.sobanco.com/?p=1715 Before beginning a financing relationship with a funding partner, understand the steps required to terminate the relationship if needed before the end of the term. Complex structure and lengthy verbiage make contracts difficult to decipher, particularly payroll funding agreements. Transparency and clarity are “must haves” in your payroll funding relationship. Why You May Want to […]

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]]> 12 Questions to Ask an A/R Financing Partner https://altline.sobanco.com/ar-financing-questions-to-ask/ Thu, 10 Dec 2015 15:28:35 +0000 http://www.sobanco.com/?p=1421 If you are like most small business owners, securing financing often involves emotions ranging from uncertainty to frustration as you navigate the alternatives. In addition to your daily job responsibilities, the demands of evaluating borrowing options can be stressful and overwhelming. This straightforward buyer’s guide serves as a starting point to help you with the […]

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]]> How to Get Your Invoices Paid Faster https://altline.sobanco.com/tips-for-improving-customer-payment/ Wed, 26 Feb 2014 20:50:33 +0000 http://www.sobanco.com/?p=593 For many companies, accounts receivable collection can at best be described as a chore and at worst as an anxiety-inducing experience, where just one large delinquent customer can put a business in jeopardy. Whether it’s one unreliable customer or several, business owners regularly find themselves asking the question, “how do I get paid faster?” If […]

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]]> Cash Flow Problems and Customer Payment https://altline.sobanco.com/cash-flow-problems-and-customer-payment/ Wed, 26 Feb 2014 20:49:28 +0000 http://www.sobanco.com/?p=578 What do trucking companies, staffing companies, manufacturers, consultants, and all other industries all have in common? They’re all subject to the same common business strain: cash flow problems. And more often than not, cash flow problems and long customer payment terms go hand and hand. A recent 2025 Quickbooks report revealed that 47% of U.S. […]

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