GCBC finishes strong Q3 with 43 fundings
Gulf Coast Business Credit (“GCBC”) had a great third quarter, closing 43 new Accounts Receivable Factoring and Asset Based Lending (ABL) deals. Amongst the new deals funded were a $4,000,000 working capital facility to a Louisiana based staffing company, a $300,000 working capital facility to a Texas based manufacturing company and a $200,000 working capital facility to a California based transportation company.
Gulf Coast Business Credit Welcomes 2019 Summer Interns!
Gulf Coast Business Credit (“GCBC”), the working capital finance division of Gulf Coast Bank & Trust (“GCB”), is pleased to announce its new team of interns for summer 2019. GCBC offers interns hands-on training in finance, sales/marketing, accounting and underwriting. Meg Roberson, GCBC’s Senior Vice President noted, “We are thrilled to welcome Lacey Bohanan, Kyle Hladky, Will Huber, Mike Mondragon and Sam Wheeler to GCBC. Our internship program is critical to our talent recruiting as we seek to hire and foster the next generation of GCB leaders.”
What is Temporary Staffing Factoring and How Does it Work?
All temporary staffing agencies need access to working capital in order to consistently make payroll. And for staffing companies experiencing growth, the importance of reliable access to cash is even greater. This is why many temporary staffing agencies finance their payroll through factoring companies.
GCBC Hires Vincent Miller as Credit Analyst/Underwriter
Gulf Coast Business Credit (“GCBC”) has experienced impressive growth over the first half of 2018. This not only applies to portfolio growth, but also to the size of the underwriting team. For the second time in 2018, a new Credit Analyst/Underwriter has been added to the team! GCBC is proud to welcome Vincent (“Vince”) Miller as a Credit Analyst/Underwriter for its Austin, Texas location.
Gulf Coast Business Credit Hires Aaron Renaud as New Underwriter
Austin, TX - Gulf Coast Business Credit (“GCBC”), a nationwide provider of accounts receivable finance and asset based lending, is pleased to announce the recent hiring of Aaron Renaud as Underwriter in their Austin, TX location. “We are excited and feel fortunate to welcome Mr. Renaud to the GCBC team. Aaron will play a key role to support recent portfolio acquisition and continued organic growth,” said Meg Roberson, GCBC’s National Sales Manager.
A SPOTLIGHT ON CHUCK MCDOWELL: A CAREER IN TRANSPORTATION FACTORING
Gulf Coast Business Credit (GCBC)’s Chuck McDowell serves as the President of Transportation, a division of GCBC devoted to the transportation industry.
The GCBC transportation division offers over 30 years of dedicated service in providing capital to trucking companies nationwide. As a transportation factoring executive for 18 years, McDowell studied finance at LSU and received his MBA from The University of Michigan.
When asked about his career in transportation factoring, McDowell said, “Many clients come to GCBC as experts in specific areas but are lacking in business acumen. We help entrepreneurs turn their dreams into reality by providing not only working capital but also business consultation. It is very rewarding to watch these entrepreneurs transition from experts in only one area to complete and successful business owners. Ironically, some of the most rewarding experiences are when clients call to say that they are now so successful they no longer need our services.”
During McDowell’s career his wife of 26 years, Kathy, has stood by his side and was primary in raising their three children- Melissa, Michael, and Sarah. Melissa, 21, is currently working on her PhD in Biomedical Studies at Cornell University. Michael, 19, is a freshman at LSU studying music and enjoying being part of the LSU Tiger Band. Sarah just turned 15 and is finishing her freshman year of high school.
McDowell believes GCBC provides employees with the right resources to help business owners become more successful in what they do. As a division of Gulf Coast Bank & Trust Co., GCBC is recognized as a leading provider of working capital finance throughout the United States with production offices located in Colorado, Georgia, Louisiana, Texas, and Tennessee.
Chuck McDowell can be contacted either by phone: 225-757-4432 or email: firstname.lastname@example.org.
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Article Posted On: May 21, 2014