Payroll funding is a financial solution that provides staffing firms with the capital needed to pay temporary employees before receiving payment from clients. It bridges the cash flow gap between invoicing and collections.
Most staffing firms pay employees weekly but get paid by clients in 30–60 days, payroll funding ensures you have steady cash flow to meet payroll, taxes, and other obligations.
Madison Resources offers a full service solution, funding only solution, or services only solution
Our Full Service solution goes beyond funding to handle the essential back office tasks for your staffing firm. We provide payroll funding and manage your payroll processing, tax payments, invoicing, collections, and reporting, all in one streamlined system. With Madison Resources as your partner, you can focus on growing your business while we handle the financial and administrative heavy lifting
Our Funding Only option gives you fast access to working capital by purchasing your invoices. You handle payroll, invoicing, and taxes, while we support you with credit monitoring and collections to help manage risk.
Streamlined payroll processing. Efficient billing systems. A la carte services tailored to your business needs.
We advance funds based on your billed invoices, giving you access to working capital almost immediately. This allows you to meet payroll on time, grow your business, and focus on sales not collections.
No, payroll funding is not a loan. It’s typically structured as invoice factoring, where you recieve an advance on your accounts receivable. There is no long term debt involved.
Traditional secured loans are based on your business’s assets, like real estate or machinery, which serve as collateral. We rely on the reliability of your customers to pay their invoices and the total amount owed to you.
With Madison Resources there is no minimum number of contracts needed. We support firms every size. From start up to enterprise level.
To determine eligibility, we look at things like how much the invoice is for, how old it is, and how reliable your customers are when it comes to paying. Invoices tied to financially stable clients are generally more likely to be accepted.”
Payroll Funding rates usually range from 1% to 5% but the exact percentage can vary based on several factors, including the company you work with, your industry your clients’ credit strength, how large and frequent your invoices are, and the details of your agreement.
Yes payroll funding costs are usually recognized as legitimate business expenses that can be written off at tax time.
At Madison Resources we pride ourselves on a quick approval process allowing you get the payroll funding you need when you need it. This is all contingent on the accuracy of the information provided.
Our simplified application process helps move things along. If information is accurately and efficiently filled out, we can typically provide funding within a week.
Madison Resources remains invisible in the background. All of your paychecks, invoices, and tax filings will have your company name and company logo on them. Your name will also be referenced on our lockbox remittance address. If your clients call our office, we answer the phone “accounting.” If there is ever a need for Madison Resources to contact your client you will be made aware in advance.
At Madison Resources, we take your privacy seriously. Your data is kept secure and is only disclosed to government entities when legally necessary. We use advanced security technologies, including multiple firewalls and encrypted two way data transmission to safeguard your information.
We offer direct deposit, printed checks, and remote printed checks.
We offer flexible payroll options. Whether you prefer to pay your employees weekly, bi-weekly, or on a custom schedule. You choose the paydays and frequency that work best for your business.
Madison Resources monitors the credit status of your end debtors (your clients). If we receive any negative updates we will promptly inform you. This service keeps your business safe and saves you from financial losses.
Yes we have many. Our owner Lenny has 50 plus years in staffing. Our Funding experts Nick Andriacchi and Rick Flores have over 30 years experience each in the payroll funding space and have worked at two previous funding companies. Our staff totals over 400 years in the staffing space.
We have our own CRM/ATS and also have API integrations with many of the leading front end systems in the industry.
Yes we have our own timesheets system which majority of our clients use. If you have another timesheet system you would like to use we can integrate with it.
Please feel free to reach out to us at 833-623-5766 or info@madisonresources.com One of our representatives would be more than happy to answer any questions.
Madison Resources is the premier payroll funding and back office support partner to the staffing industry. Grow with confidence.
Madison Resources is the premier funding and back office partner to the staffing industry. Grow with confidence.