What to Look for in a Factor

Deciding to pursue temp factoring is the first step, but what should staffing firms, including those who are starting a staffing agency, look for in a factor? Bruce Friedman, Business Services & Outsourcing Partner at BDO, recommends asking peers within the staffing industry for referrals. “Ask around and see if you know somebody who has used the […]

Does TemPay provide full payroll service?

Payroll companies offer a full-service temp factoring option. In addition to payroll factoring, in which you sell accounts receivable invoices to the factor for a fee to gain cash up front, a payroll company also provides back-office administrative services that allow you the freedom to focus on growing your business while it handles the details. […]

What is Money-Only Temp Factoring?

When your firm needs a temp agency funding solution but not full-service administrative support, contact TemPay, the most responsive, affordable and personalized choice. TemPay offers money-only factoring because sometimes you don’t want or need comprehensive administrative support. Negative cash flow may be straining your company’s finances or you may have to turn away business because the bank […]

What is Full-Service Payroll Funding?

TemPay’s full-service payroll funding handles your temp agency’s payroll, invoices and other administrative burdens. It also allows you the freedom to focus on growing your business while we handle the details, such as filing payroll taxes, sending invoices and collections. TemPay can: • Pay your temporary employees via check, direct deposit or payroll card • […]

Meet Larry Holstein

Larry Holstein is president of TemPay, a company he founded in 1994. In those 18 years, Mr. Holstein has grown TemPay into a nationally recognized funding company. His experience in the industry dates back to 1982. Prior to founding TemPay, Mr. Holstein enjoyed a 20-year career as an aerospace engineer working with such companies as […]

Factoring: 3 Full-Service Versus Money-Only Considerations

Factoring can be a great way to help your temporary staffing firm pursue new avenues of growth. The key is to know which option works best for your needs. Full-service factoring partners handle all your administrative and financial services, allowing you to meet new clients and expand your brand. Money-only factors provide flexible financial support. […]

What is Full-Service Temp Factoring?

When your firm needs a full-service temp factoring partner who handles your temp agency’s payroll, invoices and other administrative burdens, contact TemPay, the most responsive, affordable and personalized choice. TemPay’s full-service option allows you the freedom to focus on growing your business while we handle the details, such as filing payroll taxes, sending invoices and collections. TemPay […]

The Benefits of Factoring

Understanding the details and proceeding with temp staffing factoring offer valuable benefits to the staffing firm. Factoring generally provides cash more quickly without the hassles of financial reporting review. For example, a traditional lender usually asks and takes significant time to review the staffing firm’s financial statements and tax returns, whereas a factor usually doesn’t […]