What is Payroll Factoring?

TemPay offers a type of staffing agency finance called payroll factoring. In this method, staffing firms sell their accounts receivable invoices for a fee to TemPay and gain cash up front for expenses such as employee payroll. TemPay advances up to 90 percent or more of the agency’s invoice total, placing it among the highest advance rates in the industry.

Because TemPay specializes in the staffing industry, it understands the nature of your business and is willing to work with you depending on your specific situation, whether you need an overadvance for payroll one week or a little extra cash to cover your bills.

Ready to learn more about TemPay and what we can do for you? Apply now or contact us online or by phone at (866) 6TemPay for more information about payroll factoring.