Quickpay provides US$2m factoring facility to Texas-based firm

Quickpay Funding has established a US$2m factoring facility for a Texas-based company specialising in the repair, inspection, and rewinding of high voltage generators. The company, which plays a vital role in maintaining critical infrastructure by supporting major turbine and hydrogenerator projects, selected Quickpay Funding to overcome cash flow challenges inherent to their industry’s extended payment terms.

This partnership was initiated after the company sought faster and more flexible financing options to support their growth plans. Like many businesses in the industrial services space, they regularly work under 60-day net terms, which often creates cash flow gaps between project completion and payment. With Quickpay Funding, the company gained immediate access to working capital without waiting on slow-paying invoices—allowing them to take on larger contracts and invest in additional technicians and equipment.

“Companies working in the industrial services and energy sector often face long payment cycles while needing to deploy skilled labor and specialized equipment upfront,” said Juan Estrada, President and CEO of Quickpay Funding. “We’re proud to help businesses like this bridge the cash flow gap and grow with confidence by providing reliable, on-demand access to capital.”

Quickpay Funding continues to rapidly expand its presence across a variety of specialised industries, from energy and infrastructure to transportation and produce. Known for quick funding decisions, flexible terms, and dependable back-office support, Quickpay Funding has become an important invoice factoring partner for businesses seeking responsive and reliable cash flow solutions.

Source: Quickpay Funding