Like most businesses, for manufacturing companies in Baltimore grow, they need ready access to working capital. That can be difficult to maintain when the business has outstanding invoices that can take 30-90 days to be paid. Many of these business owners are unable to secure traditional bank funding, like loans or lines of credit, because of many factors outside of their control. So what do they do when they need fast access to cash – either for payroll or other expenses? They turn to invoice factoring – an alternative financing solution that boosts working capital quickly.
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 Baltimore, 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.