altLINE

Charleston, South Carolina Invoice Factoring Company

Do your customers take 30+ days to pay? Are you struggling to meet payroll? Turning down jobs because you lack working capital?

The altLINE by the Southern Bank helps businesses in Charleston with accounts receivable financing and invoice factoring. We purchase your unpaid invoices and give you the cash you need.

altLINE The Southern Bank Company BBB Business Review
IFA logo
FDIC Logo

Call Us Today

+1 (205) 607-0811

Recent Factoring Deals

Light Industrial Staffing Company
Initial Need: $100,000

Problem: A startup staffing company faced the tough decision of choosing a factoring company amongst a sea of options. They knew they needed factoring to bridge the gap between payroll and customer payment, but didn’t know where to turn.

Solution: Referred by a former colleague, the founders contacted altLINE by The Southern Bank to see what they could do. Unlike many factoring companies, altLINE has factoring programs specifically catering to start up businesses and was able to put a facility in place.

Result: The factoring line that was put in place has given the founders to take on growth at a rapid, yet healthy pace. The company has grown from no revenue to $500,000 month in billings in the span of 6 months.
Packaging Manufacturer
Initial Need: $500,000

Problem: Less than two years old, this manufacturer of industrial packaging was unable to secure a traditional line of credit from their local community banks due to a lack of operating history.

Solution: Rather than turning to an independent factoring company, the manufacturer chose to work with The Southern Bank which offered him the best of both worlds – significant access to capital at a great rate.

Result: The manufacturer continues to grow and has moved into two new product lines. As their financial performance continues to develop, the company is working with The Southern Bank to secure a more traditional credit facility.
Commercial Landscaper
Initial Need: $350,000

Problem: The landscaping company operates in a low margin industry, but the business’s previous factoring company was charging very high rates leaving little in terms of profitability.

Solution: Seeking a lower rate, the commercial landscaper sought out bids from other factoring companies. As a direct bank lender, The Southern Bank was able to greatly reduce their factoring costs leaving more money in the business.

Result: With the same access to capital, but at a reduced rate, the commercial landscaper has grown their business from $3MM to $7MM in 18 months.

How Does Factoring Work?

Why Work with altLINE?

Discover What Makes altLINE Unique

FDIC-Regulated
Lender

As a bank factoring provider, we are federally regulated, meaning you will receive a more secure and transparent customer experience.

Transparent Rates

With a direct source of funds through our bank, altLINE can offer lower rates and no hidden fees, helping you factor more confidently.

WORK WITH A Dedicated Account
Manager

You will receive a dedicated account manager who will help you manage your back office tasks, including collecting invoice payments.

Smooth Customer
Onboarding

With a dedicated onboarding specialist, we make it easy for both you and your customers to transition into the new factoring process.

Complimentary
Customer Vetting

Our team of experts will perform credit checks on your customers, so you can feel more confident extending terms to your clients.

Same Day Funding
Available

Have a tight turnaround and need funding quickly? We have same day funding options that allow you to stress less when you need to make payments.

Client Success Story

See How altLINE Helped a Client Grow 1000%

OneStop Recruiting experienced consistent cash flow issues, even after becoming a $1 million company in 2016. To accelerate growth and improve their accounts receivable process, they turned to altLINE.
“Working with [the General Manager] Jim, working with [VP of Operations] Kelley, and working with our account manager Mildred has been a true blessing.”
Read The Full Story
two business owners in an office

How altLINE Can Help You Grow

How Invoice Factoring Supports Charleston Businesses

Bankers and their customers in Charleston are leveraging invoice factoring as an alternative form of cash flow financing.

Charleston is the largest and oldest city in South Carolina with a well-established banking community. These bankers consistently find customers that need working capital to make payroll or sustain growth, but don’t qualify for traditional lending or lines of credit. Instead, they may choose to refer or partner with a factoring company, like altLINE, who offers invoice factoring, a reliable and accessible alternative to traditional financing options.

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 Charleston, 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.

With Factoring, Charleston Companies Can...

icon showing bar chart growth

GROW MORE QUICKLY

Get paid more quickly and accelerate your business growth.

BOOST WORKING CAPITAL

Increase working capital with a funding solution that grows with you.

get BACK OFFICE support

Our team will credit check your customers and aid in invoice collection.

access funds quickly

Once you’re set up in our system, you can receive funding in less than 24 hours.

enjoy fLEXIBLE financing

With an easy qualification process and scalable financing structure, you can get paid on your terms.

Highly Rated on Trustpilot

Trustpilot

Who We Serve

We Serve a Broad Range of Industries in Charleston

Contact Us
trucking business owner in front of truck
Copyright © 2025 altLINE | The Southern Bank Company. All Rights Reserved.