Our approach
Payroll factoring
Meet payroll every week, even when clients pay monthly
Your employees expect to be paid on time, every week. Your clients often take 30, 45, or 60 days to pay their invoices. MyFactor LLC closes that gap by advancing cash against your outstanding invoices, so payroll, payroll taxes, and workers’ comp are always covered. As you place more workers and win bigger contracts, your funding grows with you.
Funding built around payroll
We align funding with your weekly or bi-weekly payroll cycle, so cash is ready when payday comes.
Transparent pricing
One clear fee per invoice. No surprise charges or confusing fine print.
Dedicated account manager
Work with one specialist who understands staffing and knows your clients, not a call center.
- Weekly payroll funding
- Client credit checks
- Collections support
- Online client portal
Built for staffing firms
Grow without cash flow limits
In staffing, growth costs money before it makes money. Every new placement means more wages to pay long before your client pays you. At MyFactor LLC, our team reviews your payroll schedule, client payment terms, and growth plans to build a funding setup that lets you say yes to new contracts. Instead of worrying about next week’s payroll, you can focus on recruiting, serving clients, and building your business.
Our process
Four steps to reliable payroll
- 01
Talk to us
Schedule a short call with a funding specialist. We’ll learn about your business, your clients, and your payroll schedule.
- 02
Open your account
Share basic business documents and your accounts receivable aging report. We review your clients’ credit and set up your account.
- 03
Submit invoices
Send invoices for approved timesheets or completed work through our online portal.
- 04
Fund your payroll
Receive an advance in your bank account in time for payroll. When your client pays, we send the remaining balance, minus our fee.
Payroll timeline
- Work done
- Invoice client
- MyFactor advances
- Payroll met on time
- Client pays MyFactor
- Balance released to you
FAQ
Questions we get asked
Can funding match a weekly payroll?
Yes. We align funding with your weekly or bi-weekly payroll cycle.
Do you fund new staffing agencies?
Yes. Approval depends mainly on your clients’ credit.