How to Start The Payroll Factoring Process

You’ve completed a TemPay application for temporary payroll factoring, been approved, and are ready to begin your funding relationship with TemPay. Now what? Here are the 3 steps to get your company ready for your initial payroll funding: TemPay’s processing department will advise you on our process and procedures and how to send your payroll/billing requirements to […]

5 Ways to Manage Your Temp Agency Payroll

Managing temp agency payroll is one of the biggest tasks of your staffing firm, and it can be a complex and time-consuming process. Here are five tips to make it easier. 1. Evaluate your processes. Talk to employees to determine what works and what doesn’t. Are you diligent about paying taxes but spending a lot […]

6 questions to ask your payroll factor

Not all payroll factors are the same. Some operate only within specific industries, and the rate advance can vary. When reviewing payroll factoring prospects, ask these six questions to gain valuable information to make an educated decision. 1. How can I be assured my company will receive funds? Your staffing firm needs steady cash flow, […]

Temp Flexible Funding Not Just For Big Firms

One of the prevailing myths in the temporary staffing industry is that only large firms can receive payroll funding, and this is myth should be put to rest once and for all.   The truth Firms of all sizes and in all stages can receive temp flexible funding, whether you are just starting a temp […]

Factors Do More Than Payroll Funding: Full-Service Support

While payroll funding is a huge part of every staffing firm factor’s business, it’s not the only service a factor provides. Factors offer a type of staffing agency finance called payroll factoring. With factoring, staffing firms sell their accounts receivable invoices for a fee to factors and gain cash up front to pay their employees […]

The 3 Best Sources for Temp Agency Payroll Funding

Ebb and flow is nature of the staffing industry. When demand for services goes up, agencies need cash flow to fund temp agency payroll and fill positions quickly. When it drops, they also need working capital to be available to shore up operations when demand rebounds. Whether you’re starting your own staffing agency or looking […]

TemPay’s History

In the 1980s, TemPay President and Founder Larry Holstein owned a permanent staffing firm. Through this experience, he became familiar with the payroll funding needs of staffing agencies and decided to start a business that would provide quick and easy payroll factoring for these companies. Holstein founded TemPay in 1994. The business now serves about […]

Payroll Cards Make Payroll Funding Safe, Easy

When your staffing firm employees want to be paid quickly and easily (and you don’t want to deal with payroll processing issues and problems), TemPay has the perfect solution: payroll cards. When TemPay handles your staffing payroll, we ensure your employees are paid on time and in the manner they want. Our payroll cards can […]

Payroll Funding Application

TemPay makes applying for payroll funding quick and easy. You can give us a call today at (866) 6TemPay or have one of our representatives contact you after filling out our online application here. You’ll need owner information such as names, percentage of ownership and Social Security numbers and business information such as the number […]

Useful Links For Staffing Firms

Looking for more places to find information about staffing? Check out our useful links page, which includes everything from the U.S. Small Business Administration to Essential StaffCARE, which provides health insurance for temporary employees. And, as always, don’t forget to continually check our blog, which provides helpful staffing firm information from A to Z, including information on how to start a […]