Lender profile

altLINE

Bank Founded 1936 Checked Sep 30, 2026
altLINE is the invoice factoring division of The Southern Bank Company, an FDIC-insured bank founded in 1936, and advances 80% to 90% of an invoice's value within 24 hours. It also offers freight factoring for carriers and payroll funding backed by receivables.
Heads up. altLINE publishes different fee ranges on different pages, from 'Rates from 0.50%' for payroll funding to a factoring fee 'typically 1-5%'. Approval rests mainly on the credit of the customers you invoice, and no minimum credit score or revenue is published.

The open book

What altLINE publishes, and what it doesn't

3 of 9 things a business owner needs to compare offers are on its website.

Published

Amounts
Not published
Minimum credit score
Not published
Minimum time in business
Not published
Minimum monthly revenue
Not published
Speed, in its words
Within 24 hours

The ledger

  • Funding speed
  • Price (rate or factor)
  • Fees
  • Funding amounts Not published
  • Minimum credit score Not published
  • Minimum time in business Not published
  • Minimum revenue Not published
  • Term length Not published
  • Excluded industries Not published
Loosest published figure across its products, from its own website. Details by product below.

By product

altLINE's products, as published

Open “Sources” under any product to see the exact wording and the page it came from.
Price not published
Amounts
Not published
Price
Not published
Term
Not published
Repayment
—
Minimums
Credit n/p · Time in business n/p · Revenue n/p
Speed
Within 24 hours
Fees
Origination fee of $150 to $500; wire transfers $15 to $30; ACH $0 to $3. altLINE lists no lockbox fee, monthly access fee, credit approval charge, same-day funding fee or renewal fee, and no float days.
Sources (6)
Price published
Amounts
Not published
Price
Fee from 0.5% (basis not stated)
Term
Not published
Repayment
—
Minimums
Credit n/p · Time in business n/p · Revenue n/p
Fees
The payroll funding page advertises no application fee. No other fee is published on that page.
Sources (3)

One application, many funders

Compare offers from multiple funders

Openbook matches your file with funders whose published criteria fit. You approve every funder before your file goes out, and every offer comes decoded.

  • About 3 minutes. No SSN and no bank login to start, so checking doesn't affect your credit.
  • 4 months of bank statements. A specialist contacts you within 1 business day and asks for them through a secure link.
  • You approve every funder before your file goes out. No cost to apply, and no obligation to accept.