The Foundation for Growth.
Your staffing agency is unique and, here at Lone Oak Payroll, we understand that what makes your company unique is also what makes your company great. 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. We do this by providing the necessary cash flow as well as several valuable services, including accounts receivable management, tax management, payroll processing, cash applications and other back office services.
Lone Oak Payroll offers payroll funding and these comprehensive 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 and building lasting relationships with your clients.
What is Payroll Funding and Invoice Factoring?
With payroll funding, also referred to as invoice factoring, Lone Oak Payroll purchases your accounts receivable and provides immediate cash flow by advancing up to 95% of the face value of your invoices. When you receive an order from a client and generate an invoice for it, Lone Oak Payroll advances your staffing agency cash so that you do not have to worry about making your payroll while you wait for your client to pay the invoice. Additionally, Lone Oak Payroll handles the organization and collection of your invoices so you can focus on doing what you do best, growing your business by establishing new relationships with clients. The best part is that, as your business grows, you won’t have to worry about having adequate cash flow because Lone Oak Payroll has you covered.
Have more questions about payroll funding? Check out our Payroll Funding FAQ or contact us to learn more.
Increase Efficiency with Staffing Software and Back Office Services
With Lone Oak Payroll’s full-service option, your staffing agency also receives the cutting edge ATS and CRM system at considerable discounts from our industry-leading software partner, TempWorks Software. Additionally, you receive access to other staffing services, including: 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.
