Receiving cash advances from textiles and apparel invoice factoring means you do not have to wait on customer payments to fund your business. altLINE Pays Out The Remaining Unpaid InvoiceĪfter we collect a factored invoice, we deduct our factoring fee (typically 1-5% of your invoice) and transfer the remaining invoice value to your bank account. If issues arise, we communicate with customers to resolve disputes professionally, so you can maintain good business relationships. We provide a lockbox under your business’s name and report all payments through our customer portal. altLINE Helps Collect Payment For Your Outstanding InvoicesĪltLINE assists in monitoring and collecting customer payments. The exact timing of your cash advance deposit usually depends on your customer’s receipt and acknowledgment of goods. You can generally expect a factoring advance rate of 80-90% of your invoice’s face value and receive the cash advance between 24 and 48 hours after submission to altLINE. altLINE Advances Up To 80-90% Of The Invoice Face Value If your invoice turnover time is between 30 and 90 days, your receivables are well-positioned for factoring. Additionally, we do not factor invoices for customers who consistently make late payments. Here is a simple guide to funding your company with altLINE’s clothing factoring services: Submit Your Unpaid InvoicesĪltLINE accepts all types of unpaid invoices, though we generally favor invoices from creditworthy customers and large or medium-sized companies. By submitting apparel invoices to factoring companies like altLINE, you also soften the financial blow of late customer payments and seasonal cash flow changes. Instead of waiting on customers to pay their invoices, you can use invoice factoring services to get cash whenever you need it. How Does Apparel And Clothing Factoring Work?įactoring apparel and clothing invoices through altLINE works by turning unpaid invoices into cash for operating expenses and business growth. Invoice factoring offsets late payments and increases cash flow during peak seasons to ensure your business stays financially healthy all year round. Overdue invoices and late-paying customers can create extra stress during seasonal changes in the fashion industry.

Factoring your apparel invoices provides quick cash to pursue business growth, pay debts, and meet payroll without sacrificing equity. Access Capital To Grow Your Business While Maintaining Equityīusiness owners must often sacrifice equity to fuel growth, but invoice factoring can set them up for long-term success.

This means you can receive up to 80-90% of your hard-earned money within 1 or 2 days instead of 30, 60, or even 90 days. The best apparel factoring companies fund your invoices within 1 or 2 days. Check out how invoice factoring can help you access cash when you need it: Get Your Accounts Receivable Invoices Paid In Days, Not Months Benefits Of Invoice Factoring For Apparel CompaniesĪpparel and textile factoring is a great way to unlock funds when your customers are slow to pay or during seasonal surges in the fashion industry. Fashion factoring is often used to access working capital when it’s needed, rather than relying on customer payment timelines.

Because apparel companies often sell on credit, there is frequently a delay in receiving payment, which can result in negative cash flow and hurt your business. Keep reading to learn how altLINE can increase your cash flow and support business growth through apparel factoring! What Is Apparel And Clothing Factoring?Īpparel and clothing factoring is when your business sells invoices to a third-party company such as altLINE in exchange for a cash advance. In this article, we discuss how invoice factoring for apparel and textile companies works, its benefits, and how it compares to other financing alternatives. To keep growing your company and stay competitive in an ever-changing market, you need cash to consistently make payments, create new garments, and pay your staff – this is where apparel factoring comes in. With thin margins and seasonal changes, the textiles industry can feel overwhelming, and it doesn’t help that you sometimes need to wait for weeks or even months for customers to pay, creating a frustrating cycle of negative cash flow and mounting debt. In the apparel and clothing industry, it can be tough to juggle back office operations, like invoice management and payroll, alongside your creative workflows. 9 Frequently Asked Questions About Apparel Factoring Companies

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