Excellent
68 reviews
altLINE by the Southern Bank CompanyHonesty, pricing, process and quality scores appear once 5 customers have rated them.
Founded in 1936, The Southern Bank has served as a reputable and reliable community lender in its Northeast Alabama footprint for over 80 years. While working locally with small and medium-sized businesses, The Southern Bank recognized the consistent need for non-traditional commercial lines of credit. In response, The Southern Bank developed altLINE, an Accounts Receivable based financing platform for commercial customers.Operating within an FDIC insured and state regulated bank, altLINE provides customers the flexibility of an independent financing company with the cost advantages and service people expect from a community bank. altLINE partners with commercial bankers, accountants, business advisors, and other intermediaries nationwide to deploy its specialty lending capabilities wherever it may be needed.To learn how we can help your business or client, contact us today.
altLINE by the Southern Bank Company (sobanco.com) has 68 customer reviews on Rated Honest, with an average rating of 4.9 out of 5.
Showing 3 reviews with 4 stars · Clear filters
Estevan
Posted
We have received some complaints from our directors regarding the advance payment process for new clients, as well as for existing clients who have split their company into two entities, which triggered a new onboarding process with the bank. These situations caused significant delays in cases where the funds were urgently needed. Aside from that, your service has been good.
Derrick N.
Posted
Overall The Southern Bank has been great, I would recommend them. Mildred is fantastic, always patient and answers my questions knowledgably and quickly. The only knock I really have is it's a little pricey for a start-up like me. As long as the price goes down I could see my company working with them for years to come.
Bryan D.
Posted
Kelley and the crew at Southern Bank did a great job of working with us to establish a line of credit for each customer based on their financial history. We may not have always agreed at first on the credit limit, however setting up our customers credit limit based off the recommendations ended up being very beneficial in the long run as it help reduce the risk of our receivables. I would highly recommend Southern Bank to anyone looking for alternative funding
