Manufacturing businesses in Columbia and elsewhere battle a similar problem: delayed customer payment caused by long payment terms. When cash is short, but critical expenses are due, these businesses must acquire funding to grow, or simply to keep the lights on. Not all businesses can access traditional bank loans or lines of credit due to poor credit, limited operating history or limited assets to borrow against. These companies in Columbia should consider invoice factoring which turns receivables into cash without increasing debt.
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 Columbia, 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.