Home / All factors / altLINE
altLINE factoring: rates, fees and terms
Bank-run invoice factoring for carriers with a near-full advance and a published fee range.
Ownership: Runs on The Southern Bank Company domain (sobanco.com).
What sets it apart
The widest published range we found, 0.90% to 3.50%, with a 99% to 100% advance. Unlike the fintech factors it lists the fees it does charge: an initial filing or origination fee, an early termination fee and a renewal fee, on 6 to 12 month contracts.
Published terms
| Rate | You can expect to pay 0.90% to 3.50% of the invoice value in factoring fees with altLINE |
|---|---|
| Advance | 99% to 100% |
| Recourse | Not stated on the pages we read |
| Contract | Standard freight factoring contracts are 6 to 12 months |
| Monthly minimum | Not stated on the pages we read |
| Transfer fees | Not stated on the pages we read |
| Other fees | Initial filing or origination fee; early termination fee; renewal fee. No debtor credit check, invoice processing or monthly portal fees. |
| Funding speed | Factored invoices are typically paid within 24 hours |
| Fuel | Not stated on the pages we read |
Fits
Established carriers with steady volume who can commit to 6 to 12 months.
Look elsewhere if
You want to leave at any time; there is an early termination fee.
Ask before you sign
- Origination, termination and renewal fee amounts are not stated.
Pages we read
Factors change rates and terms. If this is out of date, tell us.