Quickpay Funding Announces a $500,000 Factoring Facility for a California Produce Wholesaler
April 17, 2025 - Quickpay Funding, a leading provider of invoice factoring solutions, has established a $500,000 factoring facility for a produce wholesaler based in California. The company, which specializes in importing and distributing limes sourced from Mexico, turned to Quickpay Funding to help support their rapid growth and navigate rising market costs.
The produce wholesaler faced significant hurdles due to rising lime prices and the industry’s demanding payment cycles. Waiting 25-35 days for customer payments while needing to pay growers and packing houses cash on delivery strained their working capital, limiting their ability to expand. Quickpay Funding’s produce factoring solution provides immediate access to funds, enabling the company to meet upfront costs, maintain strong supplier relationships, and seize growth opportunities without delay.
"This partnership perfectly illustrates the unique financial challenges faced by produce importers and wholesalers," said Veronica Beach, Co-Founder and COO of Quickpay Funding. "When businesses must pay suppliers immediately but wait a month or more for customer payments, growth becomes nearly impossible without proper financial support. As specialists in produce financing with PACA licensing and Produce Blue Book verification, we’re uniquely positioned to deliver fast, reliable funding solutions that help produce companies keep up with market demand and grow with confidence."
By partnering with Quickpay Funding, the lime wholesaler now has consistent access to working capital, allowing them to:
Secure inventory: Ensure timely payments to growers and packing houses, guaranteeing a consistent supply of limes.
Expand operations: Increase import volumes and explore new market opportunities.
Improve cash flow management: Bridge the gap between immediate expenses and customer payments, leading to greater financial stability.
This new partnership highlights Quickpay Funding’s expertise in providing tailored financial solutions to businesses across the agricultural and produce sectors. Understanding the unique pressures of the industry, from fluctuating prices to rapid turnover and the need for quick payments, Quickpay Funding offers a reliable and efficient way for produce companies to unlock the capital tied up in their accounts receivable.
About Quickpay Funding
Quickpay Funding is a leading invoice factoring company specializing in fast, flexible financial solutions for businesses in Transportation & Logistics, Produce & Agriculture, Oil & Gas, Staffing, Cleaning Services, and more. We’re known for our 24/7 funding, leveraging cutting-edge technology like Real-Time Payments to ensure clients have access to their funds whenever they need them—day or night
Our best-in-class customer service and experienced management team are committed to understanding the unique challenges of each industry we serve. We offer tailored solutions that empower small and medium-sized businesses to thrive. When you're ready for financial experts who are dedicated to seeing the potential of your business, choose Quickpay Funding as your trusted financial partner. Our team will provide innovative solutions to meet your cash flow needs—allowing you to focus on what you do best: running your business.
To learn more about Quickpay Funding, visit quickpayfunding.com