Business Banking

Invoice Factoring for Consulting

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. What’s the Main Cause of The Problem? However, the very clients you work so hard to […]

5 Things Small Business Owners Can Do to Keep Cash In the Bank

Small business owners carry a lot of responsibility on their backs. From hiring and firing, to growth and crisis management. As any owner would testify, things aren’t as easy as they look, particularly when you’re talking about cash flow. Cash flow, or working capital, is critical to any business. In order to stay on top […]

Why You Shouldn’t Always Choose the Cheapest Factoring Company

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 […]

Invoice Factoring for Startups

Anyone who has started a business understands the immense challenges of getting it to the next level where it can grow and prosper. The central challenge for startup businesses is having sufficient working capital on hand to manage operations and pursue growth opportunities. In fact, the working capital requirements of startups can actually become a […]

9 Ways for Businesses to Survive and Thrive During COVID-19

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 […]

3 Ways Your Small Business Can Recover from COVID-19 Downturns

The COVID-19 crisis has put many incomes and livelihoods in jeopardy. Businesses, big and small, are scrambling to offset the financial crisis, but much of these efforts are falling short of anything which could save their operations. Although many business owners view COVID-19 to be the end of their careers, this does not have to […]

Didn’t Get a PPP Loan? Here Are Your Other Financing Options During COVID-19

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 […]

Why is a Bank Factoring Company Better?

If you’ve already determined that invoice factoring is a good fit for your business, the next step is to identify the best factoring company for you. There are tons of different providers to choose from – so how do you know which is best? This article helps describe the differences between an independent factor and […]

What is COD?

When you start a new business, one of the first tasks you have to learn is sales invoicing, and, in particular, transaction types. Choosing the right transaction for your business helps you get paid on time and avoid delays in cash flow. One example of a commonly used transaction is COD or cash on delivery. […]

What is Alternative Lending?

Alternative lending refers to any type of financing outside of traditional bank loans. For a number of reasons, a business would either choose, or be unable, to secure traditional financing with a bank. Things like poor credit, limited operating history, or a lack of hard assets can make a business unfit for most bank loans. […]

Best Accounting Software for Small Businesses

As a small business, keeping up with finances can be a nightmare, especially as the business grows and things get more complicated. Not all of us were born with a love of numbers, and cash flow management is tough! Maybe you started a successful business with little understanding of balance sheets, invoicing or payroll management. […]

Tips for Improving Customer Payment

For many companies Accounts Receivable collection can at best be described as a chore and at worst as an anxiety-inducing experience where one large delinquent customer can put their own business in jeopardy. As a bank that offers factoring, or Accounts Receivable financing, The Southern Bank has a wealth of experience optimizing accounts receivable collection […]

Cash Flow Problems and Customer Payment

What do agencies, staffing companies, manufacturers, consultants and other industries all have in common? In addition to supplying products and services to Fortune 500 companies, they’re all subject to the same strain caused by one of the latest trends in corporate finance – longer payment terms. More often than not, cash flow problems and extended […]

12 Questions to Ask an A/R Financing Partner

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 […]

Accounts Receivable Financing Rates Explained

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 […]