Knoxville has a diverse economy, predominantly driven by their manufacturing, wholesale, textile and professional services industries. Like most industries, they rely on working capital to fuel growth. However, these industries suffer from long payment terms that stifle cash flow and limit the ability to make payroll and other costs. Businesses unable to acquire traditional bank lending turn to alternative solutions like invoice factoring to bolster 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 Knoxville, 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.