Mobile, Alabama is a hotspot for manufacturing, construction and professional services. These industries are uniquely fit for invoice factoring because they consistently have large quantities of outstanding invoices with long payment terms, yet need working capital to pay employees and grow. Traditional lending can be a lengthy process, and many business owners have poor credit, limited operating history or few assets that make them “unbankable.” Factoring receivables is a great alternative that is faster and more accessible for these Mobile businesses looking to boost working capital.
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 Mobile, 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.