TemPay offers a type of staffing agency finance called payroll factoring. With payroll factoring, staffing firms sell their accounts receivable invoices for a fee to TemPay and gain cash up-front to pay their employees and other related parties. TemPay advances up to 90 percent or more of the agency’s invoice total – among the highest advance rates in the industry.
Because TemPay specializes in the staffing industry, we understands the nature of your business and are willing to work with you depending on your specific situation – whether you need an over-advance for payroll one week or a little extra cash to cover your office lease.
Ready to learn more about TemPay and what we can do for you in terms of your temp agency payroll needs and more? Apply now or contact us online or by phone at (866) 6TemPay for more information about payroll factoring and our many other financial and consulting services for the temporary staffing industry. We’re here for you!