As a high-growth business, you need cash for a variety of business expansion opportunities. Whether you need to fund new contracts, hire more employees, scale operations, or buy more inventory, altLINE’s growth financing options can help you reach your business growth goals.
As a business owner, you have many responsibilities, including making sure you pay your suppliers and vendors on time. However, it can be stressful to balance these expenses with your customer payment cycles. Instead of stressing over your working capital management or waiting 30, 60, or even 90 days for your customers to pay their invoices, altLINE’s customized financing solutions allow you to confidently make on time payments by accessing cash when you need it.
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.
As a bank factoring provider, we are federally regulated, meaning you will receive a more secure and transparent customer experience.
With a direct source of funds through our bank, altLINE can offer lower rates and no hidden fees, helping you factor more confidently.
Our team has decades of experience working with small and medium-sized businesses, so you can rest assured that your company is in good hands.
Our team of experts will work with you to create a custom and effective financing solution that fits your unique business needs and challenges.
You will receive a dedicated account manager who will help you manage your back office tasks, including collecting invoice payments.
Have a tight turnaround and need funding quickly? We have same day funding options that allow you to stress less when you need to make payments.
altLINE is highly rated by sites like Investopedia, FitSmallBusienss, and Fundera. Plus, we have an A+ rating by the BBB and nearly 5 stars on Trustpilot.
Our team of experts will perform credit checks on your customers, so you can feel more confident extending terms to your clients.
With a dedicated onboarding specialist, we make it easy for both you and your customers to transition into the new factoring process.
OneStop Recruiting experienced consistent cash flow issues, even after becoming a $1 million company in 2016. To accelerate growth and improve their accounts receivable process, they turned to altLINE.
Get answers to some of your top growth financing questions! If you have a question that is not covered here, feel free to call one of our representatives at +1 (205) 607-0811.
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.
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.
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.
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.
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.
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.
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.
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.
