Why we do what we do.
The roots for Lone Oak Payroll began more than a decade ago with the goal of helping staffing agency start-ups and small staffing agencies grow and succeed. In 2009, the funding division of TempWorks Software was created to combat the effects of the Recession on staffing agencies across the country. TempWorks clients were losing bank funding and the Recession had severely impacted healthy staffing agencies’ ability to make capital expenditures for staffing software and payroll processing services, despite the evident need for these services to support operations and future growth.
By combining a great software product, financial backing, and a trusted back office service, we created an effective formula to launch a new staffing company and pave the way for success and growth. Over the course of the next few years, we built a diverse group of funding clients. The growth and potential of our funding division led us to establish a separate sales staff, office space, and client service functions.
In 2017, the funding division of TempWorks Software became the independent entity, Lone Oak Payroll, enabling us to more effectively support the growth of our funding clients and to demonstrate our capacity to handle larger and more complex payrolls for our payroll processing clients.
To further enhance our payroll funding services, Lone Oak Payroll closed a secured credit facility with Wells Fargo Capital Finance in 2018. Today, Lone Oak Payroll has more than 30 employees, supports more than 100 clients with funding and back office services, and remains focused on our primary goal of helping staffing agency start-ups and established staffing agencies grow and succeed.
Let us take care of the paperwork; you take care of running your business.