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.
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.
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.