Payroll Funding For Staffing Firms Ready to Scale

When my partners and I started KBW Financial Staffing & Recruiting (now part of BANKW Staffing, LLC), we needed capital that wouldn’t limit our growth. Contract and temporary services were a big part of what we offered, so paying temporary employees and managing billing, collections, and reporting was a concern. Then we found Madison Resources. After meeting their team, we knew they’d be a great partner. Madison Resources gave us the freedom to focus on what we do best, staffing, while they handled all back office tasks and payroll funding for our temps. We’ve now been in business nearly 20 years and grown tremendously. When it made sense to bring back office functions in house, Madison Resources supported us through the transition to ensure it was successful.

Madison Resources was instrumental in Pluto's success. We started working with Madison shortly after starting the company. Madison provided us with tremendous working capital support as we scaled from start-up to $95M revenue, which took less than three years. Madison's support enabled us to fully capitalize on a substantial market opportunity at a critical juncture in our growth. In addition, Madison's back office enabled us to focus on driving sales growth without a drop-off in our billings and payroll. Madison provided more than just funding. When we decided to move to a traditional bank for financing, Madison was wonderful and fully supported our transition in a professional manner. They were great for the entire lifecycle of our relationship. I would recommend Madison strongly to any staffing owner or operator.

As a startup there's a saying you don’t know what you don’t know. Madison has been instrumental in putting the pieces together and walking us through the process. The back office has surpassed my wildest expectations.

My company worked with Madison Resource Funding for over 13 years, and they were an exceptional partner. We often called them our “ghosts in the machine” and “secret weapon.” I saw Madison as an extension of our brand, helping us deliver a stronger value proposition and gain a competitive edge. Over more than a decade together, we faced market swings and challenges that required flexibility, swift action, clear communication, and care for all involved. Madison always delivered. Our partnership was not only effective, it was fun. I can directly link our company’s significant growth to our relationship with Madison. I’ve recommended them to other founders and will continue to do so.