The Southern Bank Company

400 Office Park Drive, Birmingham, AL
The Southern Bank Company is an Alabama factoring company.
Jim Pendergast of The Southern Bank Company
Jim Pendergast
VP Business Development

The Southern Bank Company is a national specialty lender in Birmingham, Alabama. In addition to conventional products and services, The Southern Bank’s specialty lending group altLINE provides working capital to clients with traditionally “non-bankable” credit profiles.

altLINE provides customers the flexibility of an independent financing company with the cost advantages and service people expect from a community bank. While each financing package is unique, our focus is small businesses with annual revenues between $1,000,000 to $25,000,000.

The Southern Bank provides these invoice factoring benefits:

  • Receivables management
  • Same day funding
  • No hidden fees
  • No monthly minimums

As your partner, we consider ourselves an extension of your business. Responsive and professional, our team is ready to support your company’s goals by providing credit verifications, monitoring receivables and collections, and helping strengthen back office operations.

Industries Served

Featured Services

Collection services:
Credit services:
24 hour funding:
Non-recourse factoring:
Online reporting:
Invoice software integration:

Terms of Service

How much is your application and start-up fees?
No application fee.
How long is your contract?
Standard contract is 12 months.
What is your cancellation fee?
Depends on the contract.
Do you require a monthly minimum?
Depends on the contract.
Can I select which invoices I want to factor?
When is my reserve available?
Daily, upon request.
What additional fees do you charge?
Wire fee, lockbox fee.

General Information

Year founded:
No. employees:
CFA, IFA, American Staffing Association
400 Office Park Drive, Birmingham, AL

Financial Information


400 Office Park Drive, Birmingham, AL

400 Office Park Drive, Birmingham, AL

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