At TemPay, we understand the nature of your business because we specialize in the staffing industry. We know obtaining staffing flexible funding is key for your business because you need to pay your employees and vendors weekly, but customers can often take 30, 45 or even 90 days to pay.
We can work with you whatever your specific situation, whether you need an overadvance for payroll or a little extra cash to cover your office lease. TemPay advances up to 90 percent of an invoice’s total, among the highest advance rates in the industry.
How we can help
We work with staffing firms of all sizes, in all industries and at all stages of their life cycle, from small startups to large, established companies.
We offer two flexible payroll funding options:
- Money-only. We provide the payroll funding, but you process your own paychecks, print your invoices and file and pay your taxes. We provide funding in an efficient, cost-effective and affordable manner.
- Full-service. We handle your temp agency payroll, invoices and other administrative burdens for you, including filing and paying your company’s payroll taxes, collecting from your customers and following up on delinquent accounts. We operate as a virtually invisible partner; your employees and customers see your name on their checks and invoices, and we act as representatives of your company.
Our staffing flexible funding options ensure you manage all of the aspects of your company that you desire, while leaving the rest to us. And we don’t hit you with hidden costs.
Unlike traditional financing, temporary agency payroll factoring provides cash quickly without the hassles of lengthy business and financial reviews so you can spend time on what’s most important — your business.