AltLine invoice factoring review 2021: What to know |
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AltLine invoice factoring review

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Backed by a bank — but missing some important information online.

  • Best for business owners looking for invoice factoring backed by a bank.
  • Pick something else if you want transparent terms.


Product NameAltLine invoice factoring
APRNot stated
RequirementsNot stated

First, do I qualify?

AltLine doesn't list specific eligibility criteria on its website. Because of this, it's hard to say which businesses will qualify. You will need to reach out to an AltLine representative to see if your business may be eligible for funding.

How much will this loan cost me?

The exact cost of your loan will depend on how much you have financed. AltLine's factor rates start at 0.5% — but it doesn't provide any information on how much or how little you can borrow. And since terms also vary based on your invoicing period, you'll only know the full cost once you start the application process.

How pricing works

AltLine doesn't have any set information online about its process, and when we tried to get in touch, we weren't able to speak with a representative. Your factor rate will likely be based on the amount of your invoice and your invoicing period. But the specific factor rate and advance you receive may not be clear until after you get in touch with AltLine.

Pros and cons

While AltLine is a legit service, there are still some drawbacks you should be aware of before you apply:


  • Advances up to 90% of invoice value
  • Backed by The Southern Bank
  • Only charges a factoring fee


  • Must repay advance if customer is unable to pay
  • No online application process
  • Limited information available online

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How do I apply?

You'll need to request a quote from AltLine before you apply. To get started:

  1. Visit AltLine's website and click Apply now
  2. Enter your full name, email, phone number and company name
  3. Select your average gross monthly sales
  4. Click Get my free quote

A representative will reach out to you by phone or email to review your details and determine if factoring is the right option for your business.

What documents do I need to apply?

AltLine doesn't list any specific documents you will need to apply. However, you may need to submit a business plan, proof of revenue and other information when you complete an application. Check with your AltLine representative for more information.

How do repayments work?

Once the invoice is paid, AltLine will send you the remaining 10% to 20% of your invoice, minus the factoring fee. Because AltLine is a recourse lender, you'll be responsible for repaying your advance if your client fails to pay the invoice on time.

AltLine advances your business between 80% and 90% of an invoice's value. Once the invoice is paid, you'll receive the rest of the amount minus any fees.

Other AltLine products

AltLine also offers asset-based lines of credit and accounts receivable financing. But like its invoice factoring option, there are no specific details on the products available online.

AltLine isn't transparent about its terms — which may make it hard to determine if it's the right choice for your business. Compare other invoice factoring companies before settling on a lender that doesn't provide much information.

Expert review


Review by

Kellye Guinan is a seasoned financial writer with over 500 articles under her belt spanning all things loans from auto to personal to business and everything in between. With four years in the field and five years of research experience, she's able to make complex personal finance decisions easier for everyday people to tackle. When she's not up to her knees learning about the latest trends in lending, she spends her time improving her own financial literacy and expertise.

Expert review

AltLine is part of The Southern Bank and offers invoice factoring to a wide range of businesses. But its website only has generic information about factoring in general. There are no details on how much you can have advanced or the full cost you might face when you take out an advance.

To learn if your business is eligible, you’ll need to reach out to AltLine directly. You can also compare other short-term business lenders once you learn more to see if AltLine’s financing options are competitive.

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