Hua Hong Semiconductor Stock Surges to Multi-Year High Amid AI Boom 
GameStop Proposes $56 Billion eBay Acquisition in Bold Strategic Move 
Regis Resources and Vault Minerals to Merge in $10.7B Gold Deal 
AMD Q1 Earnings Surge on AI Demand, Stock Jumps After Strong Guidance 
Palantir Reports Record Growth, Raises 2026 Revenue Outlook Above Expectations 
BMW Keeps 2026 Outlook Despite 25% Profit Drop Amid Tariff Pressure 
Volvo Car Sales Drop 10% in Early 2026 Despite Growth in Electric Vehicles 
Anthropic’s $1.5B AI Venture with Wall Street Firms Targets Private Equity Market 
Continental AG Shares Jump After Q1 Profit Beats Expectations 
NAB First-Half Earnings Miss Forecasts Amid Rising Global Risks 
Samsung Appoints New TV Business Head Amid Rising Competition from Chinese Rivals 
Intel Emerges as Key Contender in Apple’s Chip Manufacturing Strategy Shift 
Meta Plans $13B AI Data Center Financing in Texas Amid Surging Big Tech Investment 
Hugo Boss Beats Q1 Profit Expectations Despite Market Headwinds 
Infineon Raises 2026 Outlook as AI Data Center Chip Demand Surges 
Supermicro Forecasts Strong Q4 Revenue Growth as AI Server Demand Surges 
EAGAN, Minn., May 03, 2018 -- ARA, Inc. dba Lone Oak Payroll and its trusted partner TempWorks Software® are proud to announce closure of a $17,000,000 secured credit facility with Wells Fargo Capital Finance. The new facility will enable Lone Oak Payroll to expand its staffing industry payroll funding activity as well as support its current customers’ organic growth.
|
|||
“Closing this facility has exposed us to a greater degree of financial scrutiny crucial for our marketplace considering the type of services we provide. It’s important to our factoring clients that we prepare for their growth and imperative to our processing clients that we demonstrate our capacity to handle larger and more complex payrolls with the same degree of accuracy they’ve come to expect from us,” says David Dourgarian, CEO at Lone Oak Payroll.
The migration to Wells Fargo allows Lone Oak Payroll to post its clients’ payments faster and make fewer invoice verification phone calls to their customers. In addition, it gives Lone Oak Payroll the capacity to finance staffing firms on platforms other than TempWorks Software, representing a large and previously inaccessible market to the Minnesota-based invoice finance firm.
About Lone Oak Payroll
Based in Eagan, Minnesota, ARA, Inc. dba Lone Oak Payroll offers payroll funding and comprehensive solutions to help large, medium, and small staffing agencies and businesses finance growth, reduce costs, improve efficiency, and maximize profitability. Lone Oak Payroll clients also benefit from complimentary payroll processing services, back office support, and online applicant tracking system through its trusted partner, TempWorks Software.
Media Contact Connie Webb [email protected] 651-287-8347
