Lone Oak Payroll
Lone Oak Payroll is a TempWorks-owned provider of payroll funding, invoice factoring, payroll and tax processing, and integrated staffing software for U.S. staffing agencies of all sizes.
- Company typePrivate
- Founded2008
- HeadquartersEagan, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Lone Oak Payroll does
Lone Oak Payroll is a U.S.-headquartered financial services and back-office provider serving the staffing industry, operating as the funding division of TempWorks Software since 2008. Its core offering is payroll funding and invoice factoring, advancing up to 97% of invoice value to staffing agencies to bridge the cash-flow gap between paying W-2 employees and collecting from end clients, supplemented by full-service payroll processing, tax calculation and filing (federal, state, local, W-2/1099/ACA), collections management, and year-end services. Technology is delivered through a tight integration with TempWorks Software, providing an all-in-one ATS/CRM platform that handles hiring, onboarding, invoicing, payroll, and reporting.
The business operates a hybrid revenue model: transaction-based factoring fees on advanced receivables, managed services fees for payroll and tax processing, and bundled access to the TempWorks staffing software platform. Go-to-market is sales-led, combining direct enterprise field sales for larger agencies with an inside sales team and free-consultation website forms for startups and SMBs, supported by content marketing (whitepapers, webinars, blog). Target segments span startup staffing companies without credit history through to established 100+ employee agencies, with services scaled by company size.
Ownership and leadership reflect the TempWorks parent relationship: David Dourgarian serves as Chairman & CEO and originally founded the funding division; Brett Cavanagh was appointed President in 2022 after serving as CRO; Kevin Standa (CRO, formerly Chief Credit and risk leader with a J.D.), Chad Bekken (COO), and Paul Wilcziek (VP Payroll Services) round out the executive team. The company reports 1-10 employees in firmographic data, with a disclosed team spanning leadership, sales and account management, credit, and payroll services.
Lone Oak Payroll firmographics
Firmographics- Name
- Lone Oak Payroll
- Legal name
- Lone Oak Payroll
- Website
- https://loneoakpayroll.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Lone Oak Payroll is a TempWorks-owned provider of payroll funding, invoice factoring, payroll and tax processing, and integrated staffing software for U.S. staffing agencies of all sizes.
- Ownership category
- akta.pro rank
Lone Oak Payroll industry classification
Industry- Product category
- Staffing Industry Financial Services
- NAICS
- Payroll Services (541214)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Contractor Payroll, Invoicing & Payment Services (BPACAGAD)
- akta.pro secondary industries
- Full-Service Payroll Processing (BPACAIAA), Payroll Software & Payroll-as-a-Service (SaaS) (BPACAIAB)
Keywords
Where Lone Oak Payroll is headquartered
LocationHeadquarters
- HQ city
- Eagan
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Lone Oak Payroll business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Invoice Factoring / Payroll Funding Fees: Transaction-based fees on invoices factored. Company advances up to 97% of invoice value upfront and collects factoring fees when invoices are paid. Interest payments accrue as invoices age toward 90 days.
- Payroll Processing Services: Full-service payroll processing, tax processing, and back-office support for staffing agencies
- Staffing Software Access: Access to TempWorks staffing software as part of the service package
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Custom enterprise pricing based on staffing company size and needs |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Lone Oak Payroll product offering
Product offeringCore offering
Lone Oak Payroll provides cash-flow funding (payroll funding/invoice factoring) to staffing agencies, advancing up to 97% of invoice value upfront to cover payroll and operating expenses. It complements this with full-service back-office support including payroll processing, federal/state/local tax calculation and filing, collections management, and access to the TempWorks staffing software platform with integrated ATS and CRM capabilities. The offering is sold as a bundled, quote-priced solution targeted exclusively at U.S. staffing and temp agencies ranging from startups to established firms.
Product overview
Lone Oak Payroll is a unified service platform combining payroll funding (invoice factoring), full-service payroll processing, tax filing and processing, and staffing software (TempWorks) all under one roof. The core offering is payroll funding/invoice factoring services that advance up to 97% of invoice value to staffing agencies, supported by integrated back-office services including payroll processing, tax calculations and filings, collections management, and staffing software with ATS & CRM capabilities. The company was founded in 2008 as a funding division of TempWorks and expanded to offer comprehensive back-office support services.
Differentiator
Problem solved
Functional benefit
Products and services
- Payroll Funding (Invoice Factoring) Payroll funding (also known as invoice factoring) provides staffing agencies with immediate access to capital by purchasing their accounts receivable, advancing up to 97% of invoice value upfront to cover payroll expenses and operational costs.
- Payroll Processing Full-service payroll processing including time entry, paycheck generation, and payroll calculations for staffing agencies of all sizes.
- Tax Processing Tax calculation, filing, and payment services for federal, state, and local payroll taxes, including year-end W-2, 1099, and ACA form processing and printing.
- Staffing Software (TempWorks)
Quantifiable outcome
- Up to 97% invoice advance rate
- +2 more outcomes
Companies that use Lone Oak Payroll
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
Lone Oak Payroll technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Lone Oak Payroll partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- TempWorks SoftwarecoreStrategic partnership providing integrated staffing software (TempWorks) that powers Lone Oak Payroll's services. This partnership enables Lone Oak to offer the only all-in-one solution in the industry combining payroll funding, back-office processing, and staffing software under one roof. TempWorks provides the technology platform for payroll processing, invoicing, collections, tax calculations, and real-time employee record updates.
Scale indicators4 records
Recent moves7 records
Expansion highlights5 records
Lone Oak Payroll competitors and assessment
Company assessmentDirect peers
- Fundbox: Fundbox provides invoice-based financing and working capital to SMBs. While not staffing-specific, it competes in the same receivables-financing category and serves many staffing-agency customers.
- BlueVine: BlueVine offers invoice factoring and lines of credit to SMBs, including staffing agencies. Like Lone Oak, it advances against receivables with competitive advance rates and online onboarding, but operates across multiple verticals rather than focusing exclusively on staffing.
- FundThrough: FundThrough provides invoice factoring specifically to B2B service businesses including staffing and labor-hire firms. It directly competes for staffing agency factoring wallet share with a digital-first model.
- altLINE (Southern Bank): altLINE specializes in staffing-industry invoice factoring and payroll funding, directly mirroring Lone Oak's core offering for temporary staffing agencies. Both target the same cash-flow gap between payroll and end-client payment in the staffing vertical.
Emerging players
- Bill.com: Bill.com provides accounts payable/receivable automation, invoicing, and integrated payments for SMBs. It overlaps with Lone Oak's back-office collections and invoice management capabilities and could expand into staffing factoring.
- Gusto: Gusto is an SMB-focused payroll, benefits, and HR platform. It competes for the same small-business payroll processing wallet as Lone Oak but lacks the staffing-specific factoring component.
- Resolve (formerly FieldEdge): Resolve offers invoice factoring and working capital to small businesses with a focus on contractor and service-business verticals. It is an emerging fintech competing for staffing agency funding wallet share with a more modern technology stack.
Broad incumbents
- Paychex: Paychex is a large-scale payroll processing and HR services provider serving hundreds of thousands of SMBs including staffing agencies. It overlaps with Lone Oak's payroll/tax processing capabilities but does not offer factoring/funding services.
- ADP: ADP is the dominant US payroll services incumbent offering payroll processing, tax filing, and HR solutions across all employer sizes. It competes in the payroll processing portion of Lone Oak's stack but lacks staffing-vertical factoring.
Others
- TempWorks Software: TempWorks is Lone Oak's parent company and technology partner, providing the staffing software platform. As both parent and platform provider, it is the closest ecosystem relationship and represents the technology backbone of Lone Oak's offering.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Lone Oak Payroll social profiles
Digital presenceLone Oak Payroll financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lone Oak Payroll leadership team
Management profileNumber of profiles
Profiles16 records
Lone Oak Payroll funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lone Oak Payroll M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lone Oak Payroll
What does Lone Oak Payroll do?
Lone Oak Payroll provides cash-flow funding (payroll funding/invoice factoring) to staffing agencies, advancing up to 97% of invoice value upfront to cover payroll and operating expenses. It complements this with full-service back-office support including payroll processing, federal/state/local tax calculation and filing, collections management, and access to the TempWorks staffing software platform with integrated ATS and CRM capabilities. The offering is sold as a bundled, quote-priced solution targeted exclusively at U.S. staffing and temp agencies ranging from startups to established firms.
Is Lone Oak Payroll a public or private company?
Lone Oak Payroll is a private company. It is classified as corporate owned and is currently operating.
When was Lone Oak Payroll founded?
Lone Oak Payroll was founded in 2008. It employs 1 to 10 people.
Where is Lone Oak Payroll based?
Lone Oak Payroll is headquartered in Eagan, United States, in the North America region.
How does Lone Oak Payroll make money?
Three revenue lines are on record. Invoice Factoring / Payroll Funding Fees are the primary driver. The others are payroll Processing Services and staffing Software Access.
Who are Lone Oak Payroll's main competitors?
Direct peers on record are Fundbox, BlueVine, FundThrough and altLINE (Southern Bank). Emerging players are Bill.com, Gusto and Resolve (formerly FieldEdge). Broad incumbents are Paychex and ADP. TempWorks Software is listed as an others.
Does Lone Oak Payroll have an API?
No public API is recorded for Lone Oak Payroll.
What industry is Lone Oak Payroll in?
Lone Oak Payroll's product category is Staffing Industry Financial Services. Its primary akta.pro industry code is BPACAGAD, Contractor Payroll, Invoicing & Payment Services, with a secondary code of BPACAIAA, Full-Service Payroll Processing. Its NAICS code is 541214 and its SIC code is 7370.