Secure Business Funding, Regardless of Credit History
Financial challenges, such as bad business credit, limited credit history, or a personal bankruptcy, shouldn’t limit your entrepreneurial dreams. Here at altLINE, we offer tailored business financing solutions that you can qualify for, even if you don’t have adequate credit.
Overcome Eligibility Challenges
Easier Approval, Faster Financing
Traditional lenders may reject businesses due to poor credit or past bankruptcies. With altLINE, your eligibility for invoice factoring is largely determined by your customers’ creditworthiness rather than your own, giving you a better chance to be approved for funding.
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More Emphasis on Your Customers’ Credit Than Your Own
Work with creditworthy customers? You’re more likely to qualify. -
No Strict Credit Requirements
Poor credit or inconsistent earnings won’t automatically disqualify you.
Flexible Financing Without Hidden Fees
Transparent Rates, Fair Terms
When you have poor credit or past bankruptcies, it can be difficult to find reliable and accessible business financing. Traditional lenders scrutinize your credit history, while short-term and ACH/MCA lenders charge high fees that create unnecessary financial strain.
As a branch of The Southern Bank Company, altLINE is federally regulated, ensuring full transparency in our contracts so that you can grow your business with confidence.
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Rates Starting at 0.50%
Affordable, competitive financing options. -
Secure Funds
Direct access to secure funds from an FDIC-insured bank -
No Debt Added to Your Balance Sheet
A smarter way to finance your growth.
Fuel Expansion with Accessible Capital
Unlock Growth Opportunities
Your financial past shouldn’t limit your future. altLINE helps you scale your business, hire staff, and invest in inventory—all with financing that grows alongside your success.
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Invest in Business Growth
Expand operations, hire employees, and take on new contracts. -
Scalable Funding
Financing that increases as your company grows.
Why Work with altLINE?
Discover What Makes altLINE Unique
FDIC-Regulated
Lender
no hidden rates or fees
altLINE, a branch of The Southern Bank Company, has direct access to secured funds, so we can offer competitive rates without hidden fees.
Dedicated Account
Managers
Smooth Customer
Onboarding
Complimentary
Customer Vetting
Same Day Funding
Available
Client Success Story
See How altLINE Helped a Client Grow 1000%
Frequently Asked
Bad Credit Financing FAQs
Is business funding possible with bad credit?
Yes! Here at altLINE, we offer invoice factoring, which is a common solution for business owners searching for funding despite bad credit.
Your eligibility for factoring isn’t solely reliant on your business’s credit history. Instead, factoring companies put a greater emphasis on your customers’ credit histories. This is what makes factoring such a popular financing method for first-time small business owners who otherwise wouldn’t be able to qualify for a traditional bank loan or line of credit.
Will a personal bankruptcy affect the business financing options I can qualify for?
If you’ve dealt with a personal bankruptcy, it may be challenging to qualify for traditional financing. Many lenders will check your personal credit history when determining eligibility for certain loans and financing options, particularly if you are running a new business and have a lack of business credit history.
However, there are alternative lending options that you can qualify for despite a personal bankruptcy. Some examples of financing for people with a bankruptcy under their belts include invoice factoring, ACH loans, accounts receivable financing, and asset-based loans.
Can invoice factoring build my business credit?
While invoice factoring does not have a direct impact on your credit score, it can be an excellent tool to build your business credit over time. Since invoice factoring provides the working capital you may have otherwise received from a loan, you can limit your debt and loan applications, which can improve your credit score. Additionally, you’ll have more cash available to make timely vendor and supplier payments, reducing your overall late payments and potential negative impact to your credit.
Why do invoice factoring companies look closer at my customers’ creditworthiness than my own?
Factoring companies look closer at your customers’ creditworthiness rather than your own because once you sell your unpaid invoices to the factoring company, they rely on your customers to pay. Therefore, a factoring company needs to know that your customers are reliable enough to make timely payments.
Remember, factoring is not a loan. The factoring company is not relying on your business to pay anything back. If your business has poor credit history or a lack of creditworthiness entirely, that doesn’t make much of a difference to a factoring company like altLINE as long as your customers pay their invoices.
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