1st Commercial Credit, a leading provider of receivables-based financing solutions, has announced the successful funding of a Brazilian produce exporter supplying fresh fruit and vegetables to U.S. buyers. The transaction was facilitated through 1st Commercial Credit's Vendor Pay Express platform, an innovative early-payment solution designed to accelerate supplier payments while preserving standard invoice terms for buyers.

Exporting perishable products requires significant working capital to cover harvesting, packaging, and logistics before payment is received from U.S. buyers. Traditional banks and factoring companies are restricted from financing PACA-related receivables, making timely funding difficult for produce exporters. By using Vendor Pay Express, the Brazilian exporter secures accelerated payments on approved invoices, keeping its supply chain funded and shipments delivered on time.

"Fresh produce exporters face intense pressure to maintain cash flow while meeting the demands of U.S. distributors and retailers," said Raul Esqueda, President of 1st Commercial Credit. "Vendor Pay Express bridges this gap by paying exporters promptly, while giving buyers the comfort of keeping their negotiated credit terms."

The Vendor Pay Express platform allows suppliers to submit invoices electronically. Once approved by the U.S. buyer, payment is accelerated to the exporter, and a replacement invoice is generated to the buyer. This ensures:

• Early payment for the exporter, eliminating working capital strain.
  
  
• No change in terms for the U.S. buyer, who continues to pay on their usual schedule.
  
  
• Strengthened supply chain reliability, as growers and packers in Brazil are paid faster.