Funding for High-Growth Businesses
High-growth companies experience unique challenges that require scalable financing solutions. Funding through altLINE enables you to handle increased demand, pay down operational expenses, and continue to expand your business.
Accelerate growth
Don’t Delay Business Expansion
As a fast-growing business, you’ll need to access cash quickly for a variety of business expansion opportunities.
altLINE’s alternative financing program can help you:
- Fund new contracts
- Hire additional employees
- Scale general operations
- Purchase additional inventory
altLINE’s growth financing options can help you reach your business growth goals.
Ensure Timely Payments
Confidently Pay Your Suppliers And Vendors
Paying suppliers and vendors on-time is crucial for business health. Avoid the stress of managing cash flow by using altLINE’s flexible financing solutions. Access cash quickly to cover expenses, even while waiting for your customers to pay.
- Access cash quickly to cover expenses while waiting for customer payments
- No more worrying about late payments affecting your relationships with vendors and suppliers
- Strengthen your cash flow with customized financing solutions
- Focus on growth while altLINE helps manage your working capital
Financing That Evolves
Choose A Financing Option That Grows With Your Business
There’s no need to limit business growth when financing with altLINE.
Rather than receiving a one-time cash infusion that can only take your company so far, altLINE’s growth financing allows you to continue to borrow against a credit line so your financing grows with your company.
Our flexible, scalable financing adapts to your business growth, providing continuous funding as your needs evolve.
Why Work with altLINE?
Discover What Makes altLINE Unique
FDIC-Regulated
Lender
NO HIDDEN RATES OR FEES
altLINE is a branch of The Southern Bank Company, giving you direct access to secured funds and allowing us to offer competitive rates without hidden fees.
DEDICATED ACCOUNT MANAGERS
You will work with one of our dedicated account managers who will help you manage your back-office tasks, including collecting invoice payments.
Smooth Customer
Onboarding
Complimentary
Customer Vetting
Same Day Funding
Available
Client Success Story
See How altLINE Helped a Client Grow 1000%
Frequently Asked
High Growth Funding FAQs
How do businesses fund growth?
Businesses finance growth through a variety of methods, including business and SBA loans, self-funding, bank lines of credit, and alternative financing options, like invoice factoring. The best funding option for your business depends on several factors, such as the reason for financing, the size of your business, and the industry you operate in.
How can altLINE help my business grow?
altLINE offers invoice factoring, which is a scalable financing solution for small, medium, and large businesses. Invoice factoring differs from traditional financing options because it is more accessible for new companies that have not established business credit, and it is not a loan, meaning the borrower does not need to take on debt to factor their invoices. To learn more about how altLINE can help your company reach its business expansion goals, give us a call at +1 (205) 607-0811.
Do I need collateral or a personal guarantee to finance through altLINE?
With invoice factoring, the invoices you sell to the factoring company act as your collateral, so you will not need to provide any collateral besides the invoices you plan on factoring.
You will likely need to sign a personal guarantee if factoring with altLINE. We typically require operating owners with at least 10% ownership that reside in the United States to sign a personal guarantee. You can speak with a factoring representative to learn more about the requirements to factor with altLINE.
How do I decide which financing option is right for growing my business?
The financing option that is best for your business will depend on a variety of factors. Traditional financing options like business loans and bank lines of credit tend to be better suited for established businesses that have strong business credit and need spending flexibility. Invoice factoring and other alternative financing options are excellent for new businesses and those with poor credit history that are looking for a boost in working capital and a financing solution that will grow with their business.
My business is new. Will altLINE still work with me?
Yes! altLINE works with new businesses, even if they do not have established credit history. With invoice factoring, your approval largely hinges on your customers’ creditworthiness, rather than your own. Because of this, we are able to work with a wider variety of clientele than traditional lenders.
How can I use the business funding that I get from altLINE?
The financing you receive from factoring your invoices with altLINE can be used to cover a variety of expenses. You can use the working capital you receive to purchase new inventory or raw materials, pay your vendors, hire more staff, cover payroll, fund new contracts, bolster your marketing efforts, and scale your operations.
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Explore More
Resources for High-Growth Companies
Invoice Factoring: How It Works, Benefits, and Who It Helps
Invoice factoring helps businesses accelerate their cash flow. In this article, learn more about how invoice factoring works, the pros and cons of using invoice factoring, and who can benefit from factoring their invoices.
what happens to your receivables when selling your company?
Selling a company isn’t a straightforward task. When selling your business, you can choose to pass or retain your accounts receivable. Both scenarios have their pros and cons.
