Richmond businesses in certain industries, like manufacturing and professional services, experience similar issues with customer payment delays. When payments take 30-90 days to come through, many businesses struggle to make ends meet due to a lack of working capital. Without cash, they may not be able to make payroll, invest in growth, or pay other critical expenses. Invoice factoring is a working capital solution that’s easier and more accessible than traditional financing, and it doesn’t impact a business’s credit profile.
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 Richmond, 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.