#5. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. We provide smart,Invoice automation software is the key that unlocks automated invoice processing. Factor rates are typically between 1. altLINE Advances Up To 80-90% Of The Invoice Face Value. Staffing companies often fall victim to long invoice terms and slow-paying customers. Then you would create a purchase invoice for $2,400 and record it as an open purchase invoice. Turn your outstanding invoices into cash Give altLINE A Try . altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Tom’s Trucking is a refrigerated freight company that uses altLINE to factor its invoices. At altLINE, we're aware that invoice factoring may not be the best fit for every business. 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. AltLINE offers both accounts receivable financing and invoice factoring, working with small businesses in a variety of industries, including startups and those that can’t qualify for traditional. With more than 85 years of experience serving customers, we provide you with the best client services, assigning you a dedicated account manager to handle all of your factoring needs. altLINE Factoring. BlueVine requires businesses to have a minimum 3-month history, at least $10,000 monthly. January 6, 2023 / by Deborah Sabinus. To compare business strategies for surviving the recent COVID-19 crisis and a typical recession, altLINE analyzed research from the World Bank, data from the Federal Reserve, and news reports. Fees can be negotiated with the factoring company and vary by client. Jim is the General Manager of altLINE by The Southern Bank. When you factor with altLINE, we fund up to 90% of your invoices now, offering you a critical boost in. It is up to you as a business owner to determine which invoices to sell based on the amount. Get Started. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. The Average Small Business Owner Salary Is $69,301. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. Jim is the General Manager of altLINE by The Southern Bank. Unlike most factoring companies, it is backed by an established, reputable bank. Business owners always seek out ways to leverage their assets. If you’re considering an MCA, you’re not alone. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Dealing With Slow-Paying Customers? altLINE Can Help. These higher fees can lead to a lower profit margin for businesses. Both operate on similar principles: Your invoices will go through altLINE for the duration of your contract. Call the altLINE Factoring Hotline +1 (205) 607-0811. Fast Approval. Debt factoring, perhaps more commonly known as invoice factoring,. For example, for each invoice a business sells to the factor, typically 80-90% of the value of the invoice is immediately advanced to the business. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Our team moves quickly so that you can get the cash you need to keep growing your business. The bank has factored over $800 million in invoices over more than 80 years. If you expect to factor at least $15,000 monthly, altLINE could be a good fit for you. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Interest rates may be low and capital abundant, but traditional business credit criteria remains tight. On the other hand, if you’re looking for a monthly factoring arrangement, you might work with altLINE, which requires that businesses factor at least $15,000 per month with them. Non-Recourse Factoring Explained. Some online lists of the worst factoring companies might consider altLINE solely because of the time it takes to process applications. They’re incredibly unique because they’re a direct financing source, not a middle man. If you think invoice factoring might improve your working capital, call one of our representatives at +1 (205) 607-0811 or fill out our factoring quote form . Factoring with altLINE gets you the working capital you need to keep growing your business. Angela joined altLINE in 2022 after several years of working in digital marketing across various industries including financial services and B2B. The Bureau of Labor Statistics notes that entertainment employment is expected to increase by 13% from 2021 to 2031 —a rate faster than the growth rates of other jobs. With the end of lockdowns, people are going out more, and the demand and job growth in these industries are set to grow further. Operating within an FDIC insured and state regulated bank, altLINE provides customers the flexibility of an independent financing company with the cost advantages and service. BlueVine - Quick approval with low rates. Importantly, lending in 2022 was still about 14% above 2020, showing that at least some of the growth continued. The factoring company charges a 3% factor fee for every 30 days it takes your customer to pay the invoice. Learn how to convert your unpaid invoices into working capital so you can get back to growing your business. The bank has factored over $800 million in invoices over more than 80 years. The quote request is a simple, straightforward, easy process that can be completed in a few minutes. Spot factoring, also known as single invoice factoring, is a way for companies to improve cash flow without taking out a loan or selling equity. Can be more expensive than other financing products. 4. Unlike other factoring companies in Beaumont, we don’t charge. altLINE by The Southern Bank, Birmingham, Alabama. The factoring line that was put in place has given the founders to take on growth at a rapid, yet healthy pace. Jim is the General Manager of altLINE by The Southern Bank. You can generally expect a factoring rate of 80%-90% of each invoice’s face value and receive the cash advance between 24 and 48 hours of submission to altLINE. To recap, when you sign an agreement with a factoring company: 1. Here at altLINE, we make brokers’ lives easier by offering speed, flexibility, and a competitively priced offering that gets deals done, and we do so while offering a competitive commission structure that compensates your for your. Angela loves creating content that helps readers better understand their financing options and helps them make informed decisions about factoring. AltLINE offers fast invoice factoring with competitive factoring rates. 50%. Trucking and transportation is one of the industries AltLine services. A factoring company like altLINE will file a UCC on the client’s business, but since we do not offer factoring services for import-export companies, you will have to ask your lender before the process begins, as it may vary from factor-to-factor. This type of financing is a sale, not a loan. For some businesses, late customer invoice payments leave a lower net profit margin than desired. Backed by The Southern Bank Company, altLINE has provided more than $1 billion in funded invoices since 1936. See how bankers, brokers, and financial advisors can partner with altLINE as a part of our referral program. Factoring with altLINE gets you the working capital you need to keep growing your business. Breakout Capital — Best invoice factoring for startups; altLINE by The Southern Bank — Best for bank invoice factoring; RTS Financial — Best for industry-specific factoring; When it Makes Sense to Invest Into a Factoring Company. Lower Rates. February 7, 2017 / by Grey Idol. Advances up to 90%. altLINE Advances Up To 80-90% Of The Invoice Face Value. The demand for factoring companies continues to increase as businesses look for additional. At altLINE, we're aware that invoice factoring may not be the best fit for every business. Once established, your factoring account can be used for all future invoice factoring. Nebraska and North Dakota are other states where small businesses fail at high rates. Grey was previously the Director of Marketing for altLINE by The Southern Bank. 5. At altLINE, we provide invoice factoring to businesses across a variety of industries. 5% to 2. Maximum Account Receivable: $4 million. Back. Benefits of Invoice Factoring. You get a lump sum of between 80-90% of the total invoice value in most cases. Our team also has more than 80 years of experience serving customers, and we have an A+ rating by the Better Business Bureau. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Get Started. You receive access to personalized jobs. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally founded in 1936. Don’t see your company’s industry listed? That’s okay! Give us a call at +1 (205) 607-0811, and we can discuss how altLINE can help with. Get Started. The company has grown from no revenue to $500,000 month in billings in the. Fixed Daily Payment : This is how much you expect to pay the ACH or cash flow loan provider on a daily basis until the loan amount + fees are repaid. 7 Choose to Lease Instead of Buy. Angela joined altLINE in 2022 after several years of working in digital marketing across various industries including financial services and B2B. The exact timing of your cash deposit generally depends on your customer’s receipt and acknowledgment of goods. 5. The exact timing of our deposit may vary depending on when you complete the job. Grey was previously the Director of Marketing for altLINE by The Southern Bank. 6 Reduce Inventory. Financing cash inflows and outflows are typically driven by debt and equity financing. Resources. Therefore, once your customer pays the invoice to your factor, the factor can simply pay out the remaining invoice amount to your business (minus a small factoring fee, typically 0. Once the factoring company collects payment on the invoices (from the end customer) it advances the remaining 10-20% minus a “factoring fee” of anywhere from 1-5%. Plus, clients can factor invoices in high volumes and get an advance rate of up to 90%! Based on the customer reviews, altLINE’s customer service is top-notch. 10. Factors then make money from outstanding invoice. Staffing companies often fall victim to long invoice terms and slow-paying customers. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally founded in 1936. Invoice factoring with altLINE gets you the instant cash you need so you can keep growing your business. Asset-based loans or lines of credit can be borrowed against equipment, property, inventory or receivables (in the form of an invoice factoring service ). With 10 years’ experience in digital marketing, content creation and small business operations, he helped businesses find the information they needed to make informed decisions about invoice factoring and A/R financing. Rated Top Factoring Company of 2023 Investopedia, TheBalanceSMB, Fundera, Business. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Grey was previously the Director of Marketing for altLINE by The Southern Bank. 100% Transparency. altLINE is the invoice factoring side of The Southern Bank Company, a community bank based in Alabama. Jim is the General Manager of altLINE by The Southern Bank. 5 to 3. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally founded in 1936. A quote in business, also known as a price quote, is an estimation document sent by a seller that tells the customer, in detail, how much a specific project or service is expected to cost. Invoice Factoring. Zero Hidden Fees. Bank of. With this in mind, altLINE can. Record the cash received as a debit in the cash account. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. altLINE works mostly with clients who can commit to factoring a large amount of receivables regularly. altLINE. Learn more. […]Invoice Factoring. However, other agreements involve a factoring company merely advancing funds to another company. To hire more employees. A factoring company like altLINE will file a UCC on the client’s business, but since we do not offer factoring services for import-export companies, you will have to ask your lender before the process begins, as it may vary from factor-to-factor. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Companies use the cash they receive from factoring for a variety of reasons, including: To make payroll. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Jim is the General Manager of altLINE by The Southern Bank. Jim is the General Manager of altLINE by The Southern Bank. The payee can deposit a check; they can influence where or when cash is transferred or deposited. AltLINE - Invoice Factoring. This information can help you make the right decision for your business. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Once you determine which and how much of your receivable you’re going to factor, the factoring company provides an immediate cash advance, usually worth between 80% and 90% of the invoice value. The staffing agency provides you with coaching and interview preparations. ’. With traditional factoring, A/R financing and asset based. Jim is the General Manager of altLINE by The Southern Bank. altLINE offers invoice factoring—in which they purchase your outstanding accounts receivables, as well as accounts receivable financing—where they advance you a percentage of the value of your invoice’s value, which you’ll repay, plus interest. 957 M. We have factored over $1 billion in invoices for our clients and are always looking to help business owners by taking over time-consuming A/R management responsibilities. 5% – 4. Effectively planning and strategizing is of utmost importance for any entrepreneur or small business owner; this is no different for trucking owner-operators. Another significant difference is the level of commitment required by the factoring company. It tends to be more expensive than traditional. Birmingham is an industrial city on the rise. COMMERCIAL FINANCING. Solutions; Financial SolutionsClick below or call +1 (205) 607-0811. 100% Transparency. If your customer pays within the first month, the factoring company will charge you 2% of the value, or $1,000. At altLINE, we purposefully differentiate between the two with distinct structures. Back. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Get Started. 5%. Invoice Factoring. It is the alternative loan arm of The Southern Bank Company. altLINE by Sobanco. Zero Hidden Fees. You fill out an application through the staffing agency. We provide smart,You can apply for invoice factoring from altLINE online—qualified businesses can receive funding in as little as 48 hours. I found that altLINE had better reviews, was more responsive and more up front than the other providers I spoke with. 8 Pay Slowly. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Map-out how you’ll generate revenue. As an entrepreneur, it’s important to remember that leveraging mobile apps for running a small business is one of the most efficient ways to grow your company. If you send in another referral, you will receive a second e-gift card upon that referral’s initial funding. altLINE Advances Up To 80-90% Of The Invoice Face Value. With 10 years’ experience in digital marketing, content creation and small business operations, he helped businesses find the information they needed to make informed decisions about invoice factoring and A/R financing. altLINE Advances Up To 80-90% Of The Invoice Face Value. Invoice factoring is the process of selling outstanding invoices to a third-party company (factoring company). Because altLINE is both a factoring company and an FDIC insured bank, we provide more transparency and lower rates than independent invoice factoring companies. However, AltLINE also works with manufacturing businesses, distributors, and government contractors. altLINE has been in the factoring industry for more than 80 years. Call us at +1 (205) 607-0811. Try Invoice Factoring. Grey was previously the Director of Marketing for altLINE by The Southern Bank. The exact timing of your cash advance deposit usually depends on when you complete the treatment in question. Six Ways to Get Loads for Trucks. altLINE Advances Up To 80-90% Of The Invoice Face Value. Jim is the General Manager of altLINE by The Southern Bank. Lending Options. Call us at +1 (205) 607-0811. It tends to be more expensive than traditional. Just like invoice factoring, payroll funding turns a business’s outstanding invoices into cash by selling them to a third party. Get a Quote. You can generally expect a factoring advance rate of 90-95% of the invoice’s face value and receive the cash advance between 24 and 48 hours after submission. To use altLINE’s merchant cash advance calculator, input the following values and then click the “Calculate” button: Merchant Cash Advance Amount: This is the advance amount you expect to receive from an MCA lender. Invoice Factoring. altLINE: Best factoring company for startups Pros and cons Why we picked it See Business Loan Options FundThrough: Best factoring company for software integration. Angela loves creating content that helps readers better understand their financing options and helps them make informed decisions about factoring. What makes us different? Rates from 0. Fast Approval. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. altLINE would be the greatest answer for a small company with a high-quality and quick-paying. Log In to FactorSoft. 5%. If your invoice turnover time is between 30 and 90 days, your receivables are well-positioned for factoring. A factoring company purchases the right to a portion of your sales and then advances you the money before you receive payment from customers. Calculate your startup capital. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. With 10 years’ experience in digital marketing, content creation and small business operations, he helped businesses find the information they needed to make informed decisions about invoice factoring and A/R financing. Best for Unsecured invoice factoring. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Market Cap: 4. As a company grows and experiences an increased need for cash, they will likely seek out various forms of financing. com and more. These fees can range greatly from 0% to 3% of the credit line amount. You tend to have more flexibility in which invoices you factor, while with invoice financing, you often have to submit your entire invoice book for financing. It tops our list of invoice factoring companies because you can factor high volumes of invoices and receive an advance rate of up to 90%. The company offers factoring services to a variety of industries aside from truck companies, making it the best option for virtually any small business. Jim is the General Manager of altLINE by The Southern Bank. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. At the same time, they’re forced to make. 5 to 3. The payor is not permitted to deposit a check to a bank or financial institution. Turn your outstanding invoices into cash Give altLINE A Try . altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Pros & Cons. Lending Options. A factoring company like altLINE will accept almost all outstanding customer invoices, so long as the customers have a fair credit score or have been reliable payors in the past. 2. The exact timing of your cash advance deposit usually depends on the date of your client’s receipt and job completion. However, we're confident that for a large group of small to medium-sized businesses, factoring invoices. Angela joined altLINE in 2022 after several years of working in digital marketing across various industries including financial services and B2B. If you and a factor are working together by advancing funds on outstanding loans, you retain the ownership of. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. At altLINE, we encourage small to medium-sized businesses to look into invoice factoring, as typically these are the businesses that would benefit most from quick cash flow boosts. However, invoice discounting is distinct because it’s. altLINE Advances Up To 80-90% Of The Invoice Face Value. Total business applications: 58,260 (Rank: #1) Business applications per capita: 26. FIND OUT MORE. Outstanding Factoring Services. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally founded in 1936. Jim is the General Manager of altLINE by The Southern Bank. Factors then make money from outstanding. Advance rate. With 10 years’ experience in digital marketing, content creation and small business operations, he helped businesses find the information they needed to make informed decisions about invoice factoring and A/R financing. If your typical invoice turnover time is between 30 and 90 days, your receivables are well-positioned for factoring. If you think invoice factoring for your staffing company is a better solution than selling at. When you sell your invoices to the factor, it submits a notice of assignment and then. Call the altLINE Factoring Hotline +1 (205) 607-0811. Learn how to apply, what. altLine can factor up to 90% of $4,000,000 worth of invoices each month. Angela joined altLINE in 2022 after several years of working in digital marketing across various industries including financial services and B2B. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. What makes us different? Rates from 0. With altLINE, factoring fees are typically 1% – 3% of the invoice face value, if paid within 45 days. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Browse Online Load Boards. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. 5%. The factoring company sends your business a cash advance, typically 80-90% of the invoice value (Day 2). With 10 years’ experience in digital marketing, content creation and small business operations, he helped businesses find the information they needed to make informed decisions about invoice factoring and A/R financing. This is the early payment discount portion of the term, “1/10 net 30”. 2. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. altLINE will then advance you between 80%-90% of the receipt, giving itself a discount rate of between 0. While working locally with small and medium-sized businesses, The Southern Bank recognized the consistent need for non-traditional commercial lines of credit. Funding can be available within 24 to 48 hours. If it takes your customer three months to pay. (United States), OTR. The exact timing of your cash advance depends on the customer’s receipts and acknowledgment of goods. Factor Rate: Similar to an interest rate, this determines how much the cash flow loan will cost. Moreover, our invoice factoring services help you focus on growing your. The best factoring companies include AltLINE, FundThrough, RTS Financial, eCapital, TCI Business Capital and Riviera Finance. Cons : Potential for reduced upfront funding: altLINE offers advance rates ranging from 80 to 90% of the invoice amount, so the full value of your invoices may. The remaining 10-20% is held in reserve. When you factor your invoices with altLINE, you turn your receivables into immediate cash, giving you the working capital you need to pay expenses, make payroll and fuel growth. Jim is the General Manager of altLINE by The Southern Bank. Invoice Factoring. Jim is the General Manager of altLINE by The Southern Bank. Advances up to 90%. Angela loves creating content that helps readers better understand. In business, a price quote is often referred to as just a quote. No need to stress over sacrificing and potentially losing valuable assets. Instead, many Virginia Beach business owners turn to invoice factoring as an effective and accessible alternative financing solution that boosts working capital. With this in mind, altLINE can factor up to $4 million per month and up to 90% of an invoice amount. 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. The first step of manufacturer factoring is submitting an invoice to the factor once you’ve sent them to your customer. Alternatives To Invoice Factoring Companies for Small BusinessesDifferent factoring companies offer different services at varying pricing rates. Basically, their range is below the average for factoring companies. When these invoices, or accounts receivable, are paid by clients, the money will go to the factor, rather than the small business itself. The ever-evolving modern business landscape is filled with apps focused on boosting efficiency for businesses. 1. You can usually expect a factoring advance rate of 80-90% of your invoice’s value and a cash advance deposit between 24 and 48 hours after submission to altLINE. Canva. 2 and 1. Advertisers and marketers have flooded this internet with tons of Factoring that claim to be the best. Rated Top Factoring Company of 2023 Investopedia, TheBalanceSMB, Fundera, Business. In most cases, you’ll get your advance much sooner, especially if you include a couple of invoices with your application. Financing Cash Flow. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. What’s more, much of that growth can be attributed to companies under 2 years old, which increased SBA 7 (a) borrowing by 83% from 2020 to 2022. At altLINE, we charge $30 per wire transfer. It is the alternative loan arm of The Southern Bank Company. Advances up to 90%. altLINE partners with lenders nationwide to provide invoice factoring and accounts receivable financing to their small and medium-sized business customers. Thus, invoice factoring is an ideal financing solution for a business not wanting to wait 30,60 or 90 days for their receivables to roll in. Grey was previously the Director of Marketing for altLINE by The Southern Bank. Here is a quick comparison of 5 best factoring companies. Factoring companies are strategic business partners who have experience working with small and medium-sized businesses. First, a factoring company such as altLINE will fund a cash advance of 80-90% of the outstanding invoice. The factor rate is typically between 1. box. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. What makes us different? Rates from 0. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. As it grows, businesses turn to invoice factoring to help maintain working capital. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. altLINE is a direct source of funds so we are not exposed to borrowing costs that other independent financing and factoring companies pass on to their clients. Asset-based loans or lines of credit can be borrowed against equipment, property, inventory or receivables (in the form of an invoice factoring service ). Resources. Rates are usually listed as CPM (or cents per mile). With 10 years’ experience in digital marketing, content creation and small business operations, he helped businesses find the information they needed to make informed decisions about invoice factoring and A/R financing. altLINE offers competitive rates and can take advantage of not. When I was unable to make payroll and could not get a bank loan, I started looking for an invoice factoring partner. Invoice Factoring. With invoice factoring, a business can select which invoices it wants to sell to the factoring company. altLINE has been in the factoring industry. It is a bank factoring firm that provides the same services as independent factoring companies, in addition to delivering the benefits of collaborating with a local bank. Give altLINE A Try . 2. Even if you’re a telecom business owner or contractor who serves a different industry than listed above, a factor like altLINE may still be open to working with you. Your business provides a service to a customer, then sends an invoice to that customer (Day 1). 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. 5%-5%. Input the advance rate, which is typically 80% – 90% but can be as high as 99%. . altLINE has been in the factoring industry for. Unlike most competitors, altLINE offers a factoring fee starting at 0. The company has grown from no revenue to $500,000 month in billings in the span of 6. Angela joined altLINE in 2022 after several years of working in digital marketing across various industries including financial services and B2B. altLINE typically charges $350 – $500 for the initial filing fee, but we will occasionally. To pinpoint the areas nationwide where small businesses abound, altLINE used Census Bureau data to find the county in each state with the highest concentration of small businesses in 2021, calculated as small establishments per 1,000 residents. altLINE is a direct bank lender and a division of The Southern Bank Company, a community bank originally. Financing cash inflows and outflows are typically driven by debt and equity financing. The factoring reserve is the money that is withheld from the cash advance sent by a factoring company to a business during the invoice factoring process. Factoring with altLINE gets you the working capital you need to keep growing your business. altLINE is an invoice factoring and A/R financing platform that’s backed by The Southern Bank Company. Once you submit your quote request, a representative will be in touch with you immediately. You will receive a single, $250 Visa e-gift card the first time your referral funds with altLINE. 50%. While working locally with small and medium-sized businesses, The Southern Bank recognized the consistent need for non-traditional commercial lines of credit. altLINE works with all business types, including startups and companies with poor or limited credit. You can generally expect a factoring advance rate of 80-90% of your invoice’s face value and receive the cash advance between 24 and 48 hours after submission to altLINE. My experience with altLINE's invoice factoring service has been exemplary. First, a factoring company such as altLINE will fund a cash advance of 80-90% of the outstanding invoice. If you need to improve your cash flow or have been denied financing from another lender, give altLINE a call at +1 (205) 607-0811 or fill out. Its blynk® digital payment system helps trucking companies get paid in minutes. Unlike some invoice factoring companies, AltLINE is a direct lender, which may decrease the cost of borrowing with the company. While you can continue to send in new referrals and receive a reward for each initial referral funding, you can only. Accountants and Advisors Rely on altLINE. Tom’s Trucking is a refrigerated freight company that uses altLINE to factor its invoices. This rate is typically 0.