New Orleans is globally competitive within the manufacturing industry. In order to remain competitive, business owners must be able to efficiently invest in growth opportunities. However, manufacturing companies often have issues with long customer payment cycles resulting in a perpetual cash crunch that stifles operations. Some of these businesses can’t acquire traditional bank lending due to poor credit, limited operating history, etc. For them, invoice factoring is a fast and easy working capital solution that turns outstanding invoices into cash when New Orleans businesses need it most.
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 New Orleans, 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.