The Foundation for Growth.
Your staffing agency is unique. For more than a decade, our team has been dedicated to helping staffing agencies and startups, like yours, become established businesses and reach growth goals.
Lone Oak Payroll offers payroll funding and considerably discounted comprehensive staffing services so that you have the tools you need to finance growth, reduce costs, improve efficiency, and, most importantly, maximize your profitability. Along with a quick and painless approval process, we work with you to design reasonable terms and deliver the right tools and resources to support your staffing agency’s unique needs for growth and success.
Our experienced and highly dedicated staff is trained in payroll funding, payroll processing, tax management and other back office services. That means you can trust us to handle the paperwork so you can get back to why you started your staffing agency in the first place – offering the best staffing and recruiting services to your clients.
What is Payroll Funding and Invoice Factoring?
With payroll funding, also referred to as invoice factoring, your accounts receivable is purchased. When you receive an order from a client and generate an invoice for it, Lone Oak Payroll advances your staffing agency a percentage of that invoice, typically 80% or higher, so that you do not have to worry about making your payroll while you wait for your client to pay the invoice.
Increase Efficiency with Staffing Software and Back Office Services
With our full-service money option, your staffing agency also receives the cutting edge ATS and CRM system at considerable discounts from our industry-leading software partner, TempWorks Software. In addition, other staffing services available include: payroll processing, tax processing services, credit and collection services, customer and employee web portals, time clocks and more.
Or, if our money-only option makes more sense for your business model, you will still be on your way to improving your cash flow and taking your staffing agency to the next level.
Let us take care of the paperwork; you take care of running your business.