Altline Review 2026

AltLINE's core invoice factoring product uses a tiered discount rate structure. The factor rate ranges from 0.5% to 5.0% per 30 days, based on invoice aging and volume. The initial fee covers the first 30 days and can run up to 3.50% of the invoice face value. After that, incremental fees of up to 1.50% per period apply for each additional period that the invoice remains unpaid.

Advance rates are 80% to 90% of the invoice face value. Once your customer pays, AltLINE releases the remaining balance minus the factor fee. Factoring amounts range from $30,000 to $5,000,000.

For accounts receivable financing, loan amounts span $150,000 to $5,000,000 with 75% to 90% advance rates, plus a processing fee and interest on borrowed funds. Specific rates are not disclosed publicly. Asset-based lines of credit run from $1,000,000 to $5,000,000 with a monthly monitoring fee plus interest. Again, these rates require a custom quote.

The standard contract term is 12 months, during which AltLINE serves as your exclusive factoring company. There are no monthly minimums you must factor within any given month, but you need at least $15,000/month in eligible invoices to qualify for the contract.

AltLINE's qualification process is notably forgiving compared to traditional lenders. There is no minimum personal credit score, no minimum time in business, and startups are explicitly welcome. The company primarily underwrites based on the creditworthiness and payment history of your customers, not your own financial profile.

To qualify, you will need: a list of existing and potential customers, an accounts receivable aging report, business ownership documents, a business bank account, and a form of personal identification. Your business must generate at least $15,000 per month in B2B invoices.

AltLINE excludes businesses in transportation/trucking (outside of freight factoring), construction, and healthcare (except healthcare staffing). B2C companies are not eligible. For asset-based lines of credit specifically, your business must have at least two years of operating history, and lower credit scores may result in higher rates.

The process starts with a free online quote request form that takes a few minutes. An AltLINE representative contacts you, typically within 24 hours, to discuss whether factoring fits your business and to walk through the terms.

If you proceed, you complete a full application and submit documentation: customer contracts, AR aging reports, and business ownership documents. AltLINE's team then runs credit checks on your customers (not primarily on you) and verifies your invoices.

Initial account setup and underwriting take approximately 5 to 7 business days for first-time applicants. This is longer than some independent factors that approve within 24 hours. After your account is established, subsequent invoices are typically funded within 24 to 48 hours, with many funded same-day according to the company.

Funds are sent via standard ACH at no charge (or $0 to $3 per transfer). If you need same-day wire transfers, that costs $15 to $30 per wire.

We were unable to find any CFPB complaint data specifically filed against AltLINE or The Southern Bank Company's factoring division. The BBB profile for AltLINE (The Southern Bank Company) shows an A+ rating with only 1 complaint on file. For a company that has been factoring for nearly a decade and has processed over $1 billion in invoices, this is an unusually clean record.

On Trustpilot, AltLINE holds a 4.3 out of 5 score from 69 reviews. The Merchant Maverick review noted a slightly higher Trustpilot score of 4.8 from 58+ reviews at the time of their analysis, so the score has shifted slightly as the review count has grown. Most negative feedback centers on the slow initial onboarding process rather than on fee disputes or collection practices.

If you need non-recourse factoring (where the factor absorbs losses from unpaid invoices), look at eCapital, which offers non-recourse options with factor rates of 1.0%–5.0% and AI-driven approvals.

If you want a 100% advance rate and integration with accounting software like QuickBooks, FundThrough charges 2.20%–3.00% per 30 days. That is more expensive than AltLINE's starting rate, but you get the full invoice value upfront minus fees, and there are no long-term contracts.

For freight and logistics companies, Triumph Business Capital specializes in same-day funding with fuel cards and charges 1.00%–4.00% per invoice.

If your invoicing volume is below $15,000 per month, AltLINE will not work for you. In that case, a small business line of credit from a credit union or an SBA microloan (up to $50,000 at rates near Prime + 2.75%) may be a better fit.