Businesses with long payment terms often run into the problem of a “cash crunch.” This means that they’re working capital, or cash on hand, is not enough to make payroll and other routine expenses critical for daily operations and growth. This is particularly relevant for Charlotte businesses in the textile and manufacturing industries that drive a majority of the city’s economy. When these businesses cannot acquire traditional bank loans or lines of credit, they must turn to alternative financing solutions like invoice factoring that are more accessible and efficient.
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 Greensboro, 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.