Payroll Vault Promotes Tim Loehfelm to Vice President of Sales

“Tim has been an integral part of Payroll Vault’s journey over the past 10 years,” said Tricia Petteys, CEO of Payroll Vault. “His exceptional ability to nurture authentic relationships, coupled with his deep understanding of sales strategy and franchise development, has been instrumental in expanding our system. Tim has a clear vision for empowering our franchisees and driving sustainable growth, and we are thrilled to see him step into this well-deserved leadership role.”

A native of Buffalo, New York, Tim joined Payroll Vault in 2014, at a time when the franchise network had just 10-12 locations. Over the past decade, Tim has played a pivotal role in growing the client base. In addition, he has been instrumental in developing the flagship Payroll Vault office – Littleton, Colorado.

“I am honored to take on this new role as Vice President of Sales at Payroll Vault,” said Loehfelm. “My goal is to empower our franchisees with the tools, strategies, and mentorship they need to thrive. Payroll Vault’s mission aligns perfectly with my passion for supporting small businesses and helping them grow. I look forward to fostering a collaborative environment where our franchisees can deliver unparalleled payroll and workforce solutions to their local communities.”

Known for his dedication to the Denver business community, Tim brings an unmatched ability to develop strong, professional relationships that drive meaningful results. His leadership style is rooted in collaboration, mentorship, and a commitment to helping small businesses succeed.

Tim’s passion for small business development stems from a deep appreciation for entrepreneurship. He finds fulfillment in helping businesses streamline operations so they can focus on growth and achieving their goals. “There’s nothing more rewarding than seeing local businesses thrive and knowing Payroll Vault played a role in that success,” he added.