Quickpay Funding established a $200,000 accounts receivable factoring facility for a U.S.-based fresh produce wholesaler. The company, which sources fruits and vegetables from Central and South America and distributes to buyers across the United States, partnered with Quickpay to strengthen cash flow as produce season ramps up and order volumes increase.
As demand accelerates during peak produce season, the wholesaler required a financing partner capable of delivering immediate liquidity to support larger purchase orders and ensure timely payments to its network of growers. With tight margins and rapid inventory turnover, access to consistent working capital is essential to maintaining supplier relationships and capturing new opportunities.
“Produce companies don’t have time to wait on slow funding, especially during peak season,” Veronica Beach, co-founder and chief operating officer of Quickpay Funding, said. “This is a critical time of year where access to immediate working capital can determine whether a company takes on new business or turns it away. Our team understands the urgency of the produce supply chain and delivers fast, reliable funding so our clients can scale with confidence.”
