 About The Southern Bank Company
The Southern Bank Company began in 1936 as First Federal Savings and Loan of Gadsden, Alabama. Since that time, the bank has maintained
a reputation for integrity and strength.
Southern Bank Company has long believed that what is good for its customers is good for the bank. Because of that, we are now pleased to offer "factoring" as one of our product lines. Factoring, or the purchase
of accounts receivable, enables companies of all sizes to improve their cash flow and lower expenses. Typically, factoring is only offered to large companies
by large banks, leaving small- and medium-sized businesses with a need that traditional bank products cannot serve.
While the main office of the Southern Bank Company is in Gadsden, Ala., the factoring division is located in Birmingham, centrally located to serve clients across the Southeast.
If you are interested in improving your cash flow so that you can pay your suppliers sooner and get a discount, or if you simply want to share the responsibility of organizing and collecting your accounts receivable, call the Southern Bank Company at 887-211-1878.
As a federally regulated bank, we are here to serve your needs and to give you a straight answer to all your questions.
Why Use The Southern Bank Company?
The following are reasons to consider The Southern Bank Company:
- Not a traditional factoring company
- Regulated and FDIC insured
- Assistance in credit verification of clients and collections
- Discounts from 2-3% within 30-45 days
- A true factoring offer where you pay a rate based simply on the invoice
- NO ADDITIONAL FEES associated with the invoice
- NO INTEREST ON MONEY
- Ease of operation and assistance with collections
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