A History of Trust

Interstate Business Capital is a division of Interstate Billing Service.

Interstate Billing Service is an industry leader in managing commercial accounts receivable by providing unmatched customer service at competitive prices. Founded in Decatur, Alabama in 1984 with only 5 employees, Interstate Billing Service has grown to employ more than 140 team members. Together we serve over 500 clients with annual receivables exceeding $2.5 billion, while handling the billing and collection of an average customer base of over 100,000.

What is Interstate Business Capital?

Factoring

Transactional funding of invoices based on customer capacity and willingness to pay based on the terms of the invoice

Recourse

Our Recourse Billing program goes beyond standard factoring by offering added tools and services to support your business. You’ll receive monthly statements, lockbox services, and a dedicated team that follows up with your customers to help ensure on-time payments. It’s a partnership that lets you outsource your accounts receivable while improving cash flow and reducing the stress of collections.

Portfolio Based Terms

Terms based on the employed funds of a relationship instead of the invoice level, using invoices to create collateral value and availability

Product Comparison

Factoring

  • Same day funding
  • Client Portal Access*
  • Customer Service
  • Lockbox Service
  • Funding advance rate up to 85%
  • New /Start Up in Business Program
  • Monthly Statement
  • Flexible contract terms
  • Funding advance rate up to 90%

Recourse

  • Same day funding
  • Client Portal Access*
  • Customer Service
  • Lockbox Service
  • Funding advance rate up to 85%
  • New /Start Up in Business Program
  • Monthly Statement
  • Flexible contract terms
  • Funding advance rate up to 90%

Facility Based Line

  • Same day funding
  • Client Portal Access*
  • Customer Service
  • Lockbox Service
  • Funding advance rate up to 85%
  • New /Start Up in Business Program
  • Monthly Statement
  • Flexible contract terms
  • Funding advance rate up to 90%
Financial Strength for Over 75 Years

Interstate Billing Service is a wholly-owned subsidiary of Bank Independent, a $2.3 billion community bank headquartered in Sheffield, Ala. Founded in 1947, Bank Independent has grown to over 30 locations across seven counties in North Alabama.


Nationally Recognized for Stability

Bank Independent has received the following awards for financial strength:

"Superior" by Bauer Financial Group This five-star rating is the highest awarded to banks by BauerFinancial, which places Bank Independent on BauerFinancial’s “Recommended Report.” Bank Independent has earned this designation 132 consecutive quarters since the third quarter of 1989.

"Blue Ribbon" by Veribanc Veribanc’s Blue Ribbon Bank Commendation of Excellence formally recognizes banks which have met exceptionally high standards and have demonstrated exceptional attention to safety, soundness and financial strength. Bank Independent has achieved this designation 62 consecutive quarters since the third quarter of 2007


Capital Funding for Interstate Billing Service

Interstate Billing Service is a wholly-owned subsidiary of Bank Independent, a $2.3 billion community bank headquartered in Sheffield, Ala. Founded in 1947, Bank Independent has grown to over 30 locations across seven counties in North Alabama.
Interstate Map

2114 Veterans Drive, S.E.
P.O. Box 2250
Decatur, AL 35601 
888-332-9142
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