- 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.
- Backed by The Southern Bank Company, an FDIC-insured community bank
- Flexible qualification — startups and younger businesses are welcome
- Approval weighs your customers' credit rather than just your own history
- Handles collections directly with your customers
- – Recourse factoring only — no non-recourse option, so you're liable if a customer doesn't pay
- – Only available to business-to-business (B2B) companies
- – Factoring fees reduce the total you collect on each invoice
altLINE FAQs
Who is altLINE and how is it related to a bank? +
altLINE is the invoice factoring and accounts-receivable financing division of The Southern Bank Company, a community bank founded in 1936. Operating within an FDIC-insured, state-regulated bank, altLINE offers factoring with the structure and oversight of a bank lender.
How does altLINE's invoice factoring work? +
You submit your unpaid B2B invoices to altLINE, which reviews your customers' credit and advances a large portion of the invoice value, typically within 24 to 48 hours. altLINE then collects payment from your customer and releases the remaining balance to you, minus its fee.
Does altLINE use recourse or non-recourse factoring? +
altLINE offers recourse factoring, the most common type — it does not offer non-recourse factoring. That means if your customer fails to pay an invoice, you're ultimately responsible for it (typically by buying back the invoice or replacing it). Confirm the exact terms of your agreement, as structures and pricing can change.
Last updated: June 2026