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The Southern Bank Company

400 Office Park Drive, Birmingham, AL
The Southern Bank Company is an Alabama factoring company.
The Southern Bank Company
400 Office Park Drive, Birmingham, AL
Alabama
•
Birmingham
Year founded:
1936
No. employees:
11-50
Associations:
SFNet, IFA, American Staffing Association
Other office locations:
4 bank branches across NE Alabama

Financial products

Financial products:
  • Asset based lending
  • Bank financing
  • Invoice factoring
  • Term loans
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Minimum factoring amount:
$10,000
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Maximum factoring amount:
$5,000,000
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Industries served

Business services• Manufacturing• Oil and gas• Staffing

Featured services

  • 24 hour funding
  • Billing and collection services
  • Customer credit services
  • No startup fee
  • Non-recourse factoring
  • Online reporting
  • Select invoice factoring

Standard terms

Start-up fee:
$0
Contract term:
1 year
Advance rates:
80-90%
Minimum volume fees:
Negotiable
Additional fees:
Wire transfer fees, Lockbox fees
Available reserves:
Daily

About The Southern Bank Company

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.

400 Office Park Drive, Birmingham, AL
400 Office Park Drive, Birmingham, AL
Jim Pendergast of The Southern Bank Company
Jim Pendergast
VP Business Development

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