Payroll funding is a type of staffing factoring arrangement where staffing agencies work with staffing financiers, like Goodman Capital, as invoice payers instead of relying solely on their clients. We agree to purchase and pay the staffing agency’s invoices at an agreed-upon discount rate. The financier collects full payment from the staffing agency’s client and then pays the staffing agency out of the proceeds. The same day the staffing agency submits invoices to their clientele, Goodman will advance 90% of the invoiced amount to ensure they have working capital on hand to cover payroll as well as other expenses.