Winston Salem is known for its strong industry, particularly within textiles, manufacturing, food and beverage. These industries battle the same long payment terms that result in a lack of working capital. This severely limits a business’s ability to grow. If they cannot get traditional bank loans or lines of credit, these businesses look toward alternative financing that doesn’t depend on operating history, credit strength or hard assets. That’s where invoice factoring comes in.
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 Winston Salem, 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.