Quickpay Funding established a $500,000 invoice factoring facility for an expanding commercial janitorial company specializing in office cleaning and maintenance services. This new facility is designed to provide the essential cash flow needed to support the company’s recent contract wins and meet increasing demand from corporate clients.
After securing several new multi-year contracts with major commercial property management companies, the business needed immediate access to working capital to scale operations effectively.
“Commercial cleaning companies often experience significant cash flow constraints due to delayed payments from property managers and corporate clients, while needing to fund labor, supplies and equipment immediately to deliver quality service,” Veronica Beach, vice president and chief operating officer of Quickpay Funding, said. “Our invoice factoring solutions are designed to bridge that gap and give businesses the cash flow they need to support daily operations and growth.”
