Industries We Service

Factoring with Gulf Coast Business Credit is fast, simple, and hassle-free.
Find out how we can be your solution below.

Oil & Gas

Gulf Coast Business Credit specializes in oil and gas industry accounts receivable financing and asset-based lending. We are proud to support this growing industry and have specialists available and ready to answer your questions. GCBC is eager to factor your company’s outstanding invoices, so that you can focus your energy toward more positive things such as payroll and new contracts.

As an experienced factoring company, GCBC understands that the oil and gas industry is very busy, so we make this process as simple as possible. All you have to do is send us any outstanding invoices you are awaiting payment for, and we make sure you receive those funds the same day.

GCBC has representatives available to serve clients nationwide.

A few benefits of factoring with GCBC:

Competitive pricing that is usually 50% lower than competitors
No monthly minimums
No long-term contracts
Professional and comprehensive accounts receivable finance and asset-based lending, including credit reviews and collection assistance upon request

Proud Partner

Oil and Gas Case Study

Problem: Gulf Coast Business Credit was referred to an oilfield service company located in Houston, Texas that had a large concentration ($1.6MM) in Lyondell (pre-bankruptcy) receivables with a total facility size of $3.5MM. The oil company was transitioned into the bank’s special assets department a month after the announcement of the Lyondell bankruptcy. The oil company was on the verge of bankruptcy at this point as well, they could not cover payroll and the bank was not willing to provide additional availability.
Solution: GCBC worked with the oil company and the special assets division of the bank to pay down the line of credit by utilizing receivables other than Lyondell to immediately reduce the bank’s exposure. The bank termed out the Lyondell portion of the line and entered into an intercreditor agreement with GCBC where GCBC held back 4% of each funding to the oil company which was wired directly to the bank monthly in addition to the monthly term payment made by the company until the bank was paid off in full.
Amount: $1.6MM

Staffing Factoring

Gulf Coast Business Credit, the Staffing Factoring Experts, are dedicated to educating Staffing Companies on how we can help you make payroll and keep your staff happy and productive. As a bank-backed Factoring Company, GCBC utilizes our bank’s lower cost of capital and as a result, we are able to offer the most competitive rates in the industry. Gulf Coast is so confident that we are the right solution for your staffing factoring needs, we’d like to make you an offer:

How can Gulf Coast lower your factoring fees?

Gulf Coast Business Credit specializes in accounts receivable financing for the staffing industry. We understand the unique challenges of the staffing industry and can provide the financial support your company needs to help manage growth, take advantage of opportunities or help fund payroll. As a division of Gulf Coast Bank & Trust Company (“GCB”) we offer the best of both worlds: a bank relationship with the flexibility of a specialty lender. GCBC utilizes the GCB cost of capital and as a result, we are able to offer the most competitive rates in the industry. In addition to low rates, we pride ourselves mostly on service, fast, accurate and dependable service. GCBC funds on approved invoices the same business day they are received. Add no monthly minimums, no long-term contract and no application fee and you begin to see why GCBC has the best program for staffing professionals that are interested in accounts receivable financing.

Gulf Coast Business Credit is proud to offer accounts receivable factoring and asset-based lending to businesses in the temporary staffing industry. We are ready to assist your company’s unique needs by enabling you to focus on growing your business rather than stressing about your cash flow. This includes focusing on things such as payroll funding and new growth opportunities.

Why should you wait weeks or months to get paid for outstanding invoices? Sometimes it can take up to 90 days to receive payment from a staffing contract. GCBC is a staffing factoring company that offers same-day payment without the long-term contract.

GCBC has representatives available to serve clients nationwide.

A few benefits of factoring with GCBC:

Competitive pricing that is usually 50% lower than competitors
No monthly minimums
No long-term contracts
Professional and comprehensive accounts receivable finance and asset-based lending, including credit reviews and collection assistance upon request

Proud Partners

Staffing Case Study

Problem: Gulf Coast Business Credit was approached by a banker in New York, NY with a staffing company that had a $2MM factoring facility request, in business less than two years with a large debtor concentration that only paid invoices on 60 day terms. This company was on track to double their revenues during the second year of business without much diversification in their client base. Due to significant growth and extended payment terms, ongoing financial commitments became a challenge.
Solution: GCBC was able to come in quickly and provide a factoring facility that allowed the company to continue to expand while meeting their financial obligations. Since the closing, this company has also begun to diversify their client base and should be in a position to begin looking for a traditional bank facility within the next six months to a year.
Amount: $2MM working capital facility

Freight & Transportation

Gulf Coast Business Credit offers customized accounts receivable financing solutions to fit your transportation company’s needs. Freight and transportation factoring enables you to focus on your company’s growth potential rather than its cash flow. Allow us to eliminate lags between freight invoice payments by offering you same-day compensation.

GCBC understands that you have unique and specific financial needs. We also understand that the transportation industry has fluctuating market conditions with rising and falling gas prices. With GCBC transportation factoring, your finances are taken care of by professionals who are knowledgeable in the freight industry. As a reputable factoring company, we can give you immediate same-day access to funds that will enable your business to keep growing.

Freight Application

With over 20 years of dedicated experience in the transportation industry, GCBC is able to provide capital to trucking companies nationwide and also offers freight broker factoring services.

A few benefits of factoring with GCBC:

Competitive pricing that is usually 50% lower than competitors
No monthly minimums
No long-term contracts
Professional and comprehensive accounts receivable finance and asset-based lending, including credit reviews and collection assistance upon request

Proud Partners

Freight & Transportation Case Study

Problem: A family-run trucking company in Georgia has been operating for over 20 years with a fleet of more than 10 trucks transporting freight across the U.S. Due to slow payments from shippers, the company turned to factoring as a financial solution to manage cash flow delays.
Solution: Accounts receivable financing will allow the company to turn invoices immediately into cash in order to meet payroll and other expense deadlines. With the help of GCBC this company is now focused on expanding with additional drivers.
Amount: $350K

Manufacturers

Gulf Coast Business Credit offers customized accounts receivable finance solutions to fit your manufacturing company’s needs. Factoring enables you to manage your company’s growth rather than worry about its cash flow. Allow us to eliminate lags between invoice payments by offering you same-day compensation.

GCBC understands that the manufacturing industry is diverse and each company has different financial needs. With GCBC manufacturer factoring, you have access to creative and flexible working capital. Your finances are taken care of by professionals who are knowledgeable in the manufacturing industry. As a reputable factoring company, we can give you immediate same-day access to funds that will enable you to take advantage of new business opportunities.

GCBC has representatives available to serve clients nationwide.

A few benefits of factoring with GCBC:

Competitive pricing that is usually 50% lower than competitors
No monthly minimums
No long-term contracts
Professional and comprehensive accounts receivable finance and asset-based lending, including credit reviews and collection assistance upon request

Manufacturer Case Study

Problem: Gulf Coast Business Credit was recently referred to a steel fabrication company located in Baton Rouge, LA in business for 20+ years, maintaining a successful relationship with their bank since inception. The bank did not want to lose this relationship; however, they could not increase the company’s existing line ($750K) due to the losses in 2010 in order to allow the steel company to take on new large contracts totaling $300K in new business.
Solution: GCBC worked with the bank to carve out specific debtors in order to provide additional availability and the bank subordinated their position on these debtors. The bank maintained this relationship.
Amount: $300K

Distributors

Gulf Coast Business Credit is proud to offer accounts receivable financing to businesses in the distribution industry. We are ready to assist your company’s unique needs by enabling you to focus on growing your business rather than stressing about cash flow. This includes focusing on things such as payroll funding and new growth opportunities.

Why should you wait weeks or months to get paid for outstanding invoices? Gulf Coast Business Credit offers factoring services that are tailored for distribution companies’ specific needs. We are proud to offer same-day payment without a long-term contract.

GCBC has representatives to serve businesses nationwide.

A few benefits of factoring with GCBC:

Competitive pricing that is usually 50% lower than competitors
No monthly minimums
No long-term contracts
Professional and comprehensive accounts receivable finance and asset-based lending, including credit reviews and collection assistance upon request

Distributor Case Study

Problem: Gulf Coast Business Credit was approached by a banker in Dallas, TX with a distribution company that had a $13MM factoring facility request and an $8MM concentration with a single debtor. This was a profitable company who had been in business for more than 10 years. A competing asset-based lender refused to help them, and the distributor was now struggling to put a working capital facility in place before the holiday season was upon them. The company had a significant amount of purchase orders and had doubled their revenues year after year without fail.
Solution: GCBC brought together a team of banks with factoring divisions to participate in this factoring opportunity. GCBC holds $3MM of this factoring facility while the bank that referred the deal won the depository and ancillary services.
Amount: $3MM

Service Providers

Gulf Coast Business Credit is proud to offer accounts receivable financing and asset-based lending to businesses in the service industry. We are ready to assist your company’s unique needs by enabling you to focus on growing your business rather than stressing about cash flow. This includes focusing on things such as payroll funding and new growth opportunities.

Why should you wait weeks or months to get paid for outstanding invoices? Gulf Coast Business Credit offers factoring services that are tailored for service providers’ specific needs. We are proud to offer same-day payment without a long-term contract.

GCBC has representatives available to serve clients nationwide.

A few benefits of factoring with GCBC:

Competitive pricing that is usually 50% lower than competitors
No monthly minimums
No long-term contracts
Professional and comprehensive accounts receivable finance and asset-based lending, including credit reviews and collection assistance upon request

Service Provider Case Study

Problem: A service company that provides virtual call centers with a unique business plan that utilizes call center agents who work from home came to Gulf Coast Business Credit for help with a new contract. This service company signed a contract with a telecommunications provider that requires them to hire, train and staff 250 home-based customer service representatives.
Solution: Since this immediate expenditure went beyond the financial scope of the service company’s traditional banking line of credit, they sought a factoring company to support them in this new contract. GCBC was able to partner with the service company’s bank to structure an arrangement where GCBC factored only the receivables of the new contract, providing a much needed instant cash flow enabling the service company to hire and train their new staff immediately.
Amount: Cash flow to hire, train and staff 250 home-based customer service representatives

Technology

Gulf Coast Business Credit specializes in technology accounts receivable financing and asset-based lending. We are proud to support this growing industry and have finance specialists available and ready to answer your questions.

Why should you wait weeks or months to get paid for outstanding invoices? Sometimes it can take up to 90 days to receive payment from a contract. GCBC is a factoring company that offers same-day payment without the long-term contract. The technology industry faces unique challenges, and GCBC provides the financial support to help companies take advantage of growth opportunities.

GCBC has representatives available to serve clients nationwide.

A few benefits of factoring with GCBC:

Competitive pricing that is usually 50% lower than competitors
No monthly minimums
No long-term contracts
Professional and comprehensive accounts receivable finance and asset-based lending, including credit reviews and collection assistance upon request

Technology Case Study

Problem: After obtaining a new client, a Texas-based technology consulting and staffing company had to increase their staff to support this new business, and they were concerned about meeting payroll to support the growth. Since the company had less than two years of business and concentrations in their client base, they were unable to obtain traditional financing.
Solution: The banking partner referred the company to GCBC for accounts receivable financing as a solution. GCBC was able to provide $100K working capital facility to the technology company.
Amount: $100K working capital facility

Wholesalers

Gulf Coast Business Credit specializes in wholesale industry accounts receivable financing and asset-based lending. We are proud to support this complex industry and have accounts receivable financing specialists available and ready to answer your questions. GCBC is eager to pay your company’s outstanding invoices, so that you can focus your energy toward maximizing sales and introducing new products.

As an experienced factoring company, GCBC understands that rising energy and labor costs are growing issues in the wholesale industry, so we make this process as simple as possible. First, you send us any outstanding invoices you need payment for, and we make sure you receive those funds the same day.

GCBC has representatives available to serve clients nationwide.

A few benefits of factoring with GCBC:

Competitive pricing that is usually 50% lower than competitors
No monthly minimums
No long-term contracts
Professional and comprehensive accounts receivable finance and asset-based lending, including credit reviews and collection assistance upon request

Wholesale Case Study

Problem: A rapidly growing wholesaler that provides various consumables to major travel centers nationwide was having a hard time getting financing due to a high debtor concentration.
Solution: Gulf Coast Business Credit was able to provide them with a $2MM working capital facility, which gave them access to the cash flow they needed to leverage the opportunity for growth into actual growth. In special instances, and by request only, Gulf Coast Business Credit can provide purchase order financing for unusually large orders.
Amount: $2MM working capital facility