Indiana as a whole is a manufacturing-heavy state. However, many of the jobs within the metropolitan area of Indianapolis are in the wholesale and professional services sector. These industries have similar problems with collecting customer payment, often waiting 30-90 days from the invoice date. When invoices have long payment terms, the business can suffer from a cash crunch, unable to make payroll or invest in growth. Many of these same businesses don’t want debt on their books, or don’t qualify for traditional lending. Invoice factoring is a great alternative finance solution that works great in these industries.
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 Indianapolis, 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.