# altLINE Review

> altLINE is the invoice factoring division of The Southern Bank Company. It advances cash against your unpaid business-to-business invoices instead of making you wait for customers to pay, with approval centered on your customers' creditworthiness. Being part of a community bank, altLINE pairs the flexibility of factoring with a regulated, bank-backed structure.

## Key takeaways
- altLINE is the invoice factoring division of The Southern Bank Company, an FDIC-insured community bank, pairing factoring's flexibility with a regulated, bank-backed structure.
- Approval weighs your customers' credit rather than just your own history, and its flexible qualification welcomes startups and younger B2B businesses.
- It offers recourse factoring only (no non-recourse option), so you're liable if a customer doesn't pay, and factoring fees reduce what you collect per invoice.

## altLINE at a glance

altLINE is the **invoice factoring division of The Southern Bank Company**, a
community bank founded in 1936. It helps B2B businesses convert unpaid invoices
into immediate working capital — but with the added structure of a bank-backed,
FDIC-insured, state-regulated lender. That combination appeals to owners who want
factoring's flexibility without leaving the banking system.

### How factoring works

Factoring is the sale of your receivables for cash now, not a loan. With altLINE:

- **You deliver work and submit the invoice**, rather than waiting on the customer.
- **altLINE reviews your customers' credit and advances a large share** of the
  invoice value, typically within 24 to 48 hours.
- **altLINE collects payment** directly from your customer.
- **Once paid, altLINE releases the remaining balance**, minus its factoring fee.

### Who it's best for

altLINE leans toward **B2B businesses with creditworthy customers**, including
**startups and younger companies** that may lack the operating history or
collateral a traditional bank line requires. Because approval centers on your
customers' ability to pay, factoring can be more accessible than a conventional
loan. It commonly serves industries like staffing, transportation, professional
services, and wholesale/distribution.

### How to decide

altLINE offers **recourse factoring only** (no non-recourse option), meaning you
remain responsible if a customer doesn't pay — an important distinction from
non-recourse providers like Riviera Finance. As
with any factoring, the factoring fee reduces what you collect per invoice, and
your customers are notified to pay altLINE directly. For businesses that want
bank-backed factoring with flexible qualification, it can be a strong fit. Compare
a couple of options before committing — apply once through Hoss Capital and we'll
match you with altLINE and comparable providers. Terms change, so confirm current
details directly before signing.

---
Canonical: https://hoss-capital.pages.dev/lenders/altline/

Sources:
- https://altline.sobanco.com
- https://altline.sobanco.com/about-us/
- https://altline.sobanco.com/invoice-factoring/
- https://altline.sobanco.com/recourse-vs-non-recourse-factoring/
- https://www.nerdwallet.com/business/loans/reviews/altline-factoring