What are the advantages of financing through a payroll factor?

Financing through a payroll factor allows your staffing firm to quickly receive the working capital you need to operate and grow your agency. In payroll factoring, you sell your accounts receivable invoices to the factor for immediate cash, and your clients then pay the factor. This is a tremendous benefit in an industry in which […]

How does payroll factoring compare to a small business loan?

Payroll factoring and traditional business loans are two different types of funding. In payroll factoring, staffing agencies sell their accounts receivable invoices for a fee to obtain immediate cash. Your clients then pay the factor. On the other hand, traditional bank loans often provide funding only after a lengthy business and financial review and require […]

How TemPay can help with your company’s payroll factoring

Payroll factors such as TemPay provide a service in which staffing agencies sell their accounts receivable invoices for a fee to obtain immediate cash. Your clients then pay the factor. This type of staffing agency finance allows you to manage your agency’s cash flow in an industry where employees and vendors are often paid weekly […]

How payroll factoring produces working capital

Payroll factoring is a type of staffing agency finance in which staffing agencies sell their accounts receivable invoices for a fee to obtain immediate cash in the amount of the invoice. Your clients then pay the factor directly. This arrangement provides your staffing firm with instantaneous working capital you can use to operate and grow […]

What Industries Benefit From Payroll Factoring?

Staffing firms of all sizes and in all stages of their life cycle can receive payroll factoring, whether you are starting your own staffing agency or are established in the field and regardless of your number of clients. Funding is available for firms in any industry, including: Light industrial Administrative Information technology Construction Health care […]

TemPay Answers Your Top Client Questions

At TemPay, we receive questions about our payroll factoring services all the time. Here, we answer your top client questions. What type of businesses do you factor? TemPay’s main clientele is temporary staffing firms in any industry, including light industrial, administrative, information technology, construction, health care, legal, clerical and many others. We also provide factoring […]

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 […]

Staffing Firm Finds Success With Temporary Payroll Funding

Operating a staffing firm is no easy task, as Carlos Sanchez, CEO and president of 360° Staffing, has discovered. When he founded his business in 2007, he knew it would require a lot of hard work. However, he has gotten assistance from a factoring partner that alleviates his temporary payroll funding needs, allowing him to focus […]

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 […]

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 […]