ProducePay Reimagines Fresh Produce Financing with the Launch of its New and Improved Quick-Pay Factoring Solution

LOS ANGELES — ProducePay, the leading financing and technology platform for the fresh produce industry, has officially relaunched its flagship factoring product, Quick-Pay. Rebuilt from the ground up to eliminate supply chain friction, the new Quick-Pay provides a simpler, faster, and more transparent factoring solution for growers and exporters to access essential working capital.

The fresh produce industry has faced long-standing challenges with complex factoring agreements and unpredictable, hidden fees. The new Quick-Pay directly addresses these issues by replacing confusing structures with a single flat fee, allowing sellers to understand their costs upfront when a bill of sale is created.

“Fresh produce businesses are operating in a period of incredible volatility — costs, weather, and markets can change overnight,” said Pat McCullough, CEO at ProducePay. “Growers and exporters deserve financial solutions that bring more certainty, not less. With Quick-Pay, we’re stripping away the complexity and replacing it with complete transparency and predictable pricing, empowering our customers to plan, grow, and reinvest with confidence.”

Simplified Pricing, Unmatched Transparency

The updated Quick-Pay platform introduces a “game-changing” fee structure designed to be the most competitive in the market. Key improvements include:

• A Single Flat Fee: A transparent fee is applied per shipment on the advanced amount.
• Lower Rates: Cost-competitive rates determined by the total amount financed..

• No Hidden Fees: The new structure eliminates penalty fees for the first 30 days past the due date, offering a flexible grace period that acknowledges the realities of produce transit and payment cycles.

• No Minimum Contracts: 

Built for Speed and Scalability

In addition to pricing, the new Quick-Pay streamlines operations for both sellers and buyers. Improvements include:

• Faster Liquidation: Growers and sellers receive funds more quickly on final liquidations, significantly improving cash flow during critical moments.

• Rapid Disbursements: Eligible customers can receive payment for shipments in as little as 24 hours.

• Simplified Transit Funding: Quick-Pay Transit now offers a single 50% advance at departure for marine transit, eliminating the complexity of secondary advances.

About ProducePay

Founded by Pablo Borquez Schwarzbeck, a fourth-generation farmer, ProducePay is on a mission to transform the global agricultural industry into a more predictable, connected, and sustainable supply chain. ProducePay offers growers and buyers unparalleled access to capital, trading partners, and real-time supply chain visibility. For more information on how to streamline your cash flow, visit producepay.com or contact info@producepay.com.