As the second largest city in the state of Missouri, St. Louis has a booming economic environment, particularly in the manufacturing and professional services industries. With long invoice terms, but weekly expenses like payroll, these kinds of companies often come up short on cash. Traditional bank loans may not be available for a variety of reasons. If that happens, these businesses turn to invoice factoring in order to boost working capital when it’s needed 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 St. Louis, 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.