Our history as a leader in payroll factoring
In the 1980s, TemPay President and Founder Larry Holstein owned a permanent staffing firm that specialized in engineering and information technology and also dabbled in the temporary staffing arena. Through this experience, he became familiar with the payroll funding needs of staffing agencies (accounts receivable, billing, collections, payroll funding, cash flow, payroll factoring, etc.) and decided to start a business that would provide quick and easy payroll factoring for these companies.
Mr. Holstein founded TemPay in 1994. TemPay now serves about 250 clients throughout the United States, including Puerto Rico. Our clients include temporary staffing firms specializing in light industrial, construction, medical, clerical, food service, IT, banking, advertising, accounting and other industries. We are on target to continue providing the same great products and services we have become known for in the years to come.
There are many different temp agency funding and temp factoring companies out there. TemPay’s unique approach to payroll funding and factoring is reflected not only in the cost-effective products we offer, but in our service, experience, technology and flexibility.