Summit Private Credit logoSummit
Invoice / Factoring

altLINE (Southern Bank) review.

altLINE is the factoring division of Southern Bank, offering bank-backed AR financing for B2B operators.

Loan range
$30K – $4M per advance
Speed
1–2 weeks to set up; same-day on subsequent advances
APR / Fee
Factoring fee 0.50% – 3.00% per invoice
HQ
Sheffield, AL · est. 1936 (bank); altLINE est. 2015
Best for

B2B businesses with creditworthy customers and 30–90 day payment cycles.

Watch out for

Recourse vs non-recourse changes the risk profile materially.

Pros
  • +Bank pricing
  • +No long-term contract
  • +Non-notification options
Cons
  • –Setup paperwork heavier than fintech
  • –Customer credit checks required
  • –Reserve held back
Alternatives to altLINE (Southern Bank)
FundThrough
$15K – $10M per invoice
Triumph Business Capital
$25K – $20M
Bluevine
$6K – $250K
Want competing offers?

Run your deal past 40+ lenders in one application.

We submit to the lenders that fit your profile — including altLINE (Southern Bank) where appropriate — and bring back the best offers.

Get competing offers →