Gulf Coast Business Credit Welcomes 2020 Summer Interns!
Gulf Coast Business Credit (“GCBC”), the working capital finance division of Gulf Coast Bank & Trust Co., is excited to welcome its 2020 interns, Max Wrba and Addison Baker. The internship program at GCBC offers a well-rounded and hands-on experience that gives participants exposure to all sectors of ...
GCBC Celebrates 20 Year Anniversary in 2020
On February 1, 2020, Gulf Coast Business Credit (“GCBC”), a division of Gulf Coast Bank & Trust Co. (“Gulf Coast Bank”), announced the celebration of its 20th Anniversary as a leader in accounts receivable finance and asset based lending. Over the last 20 years, GCBC’s commitment to thousands of valued client relationships, partners and employees has provided growth for businesses and prosperity for families across the United States.
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.
Broker Refers California Based Staffing Company to GCBC for its Invoice Factoring Needs
Gulf Coast Business Credit (GCBC) recently funded a $4 million working capital facility to a California based staffing company that was referred by a broker specializing in staffing factoring.
The California based staffing company provides short and long term personnel as well as payroll services to a variety of industries. The staffing company chose GCBC for its accounts receivable factoring needs because GCBC was able to offer a more competitive rate than its existing factoring company. At a more competitive rate, the company’s profits will ultimately increase.
GCBC provides commercial lenders and brokers with a solution that allows them to say “Yes” more frequently. We partner with banks of all sizes throughout the country, offering referral programs designed to help institutions achieve growth through new accounts, non-interest income, higher profitability and increased client retention.
Gulf Coast Business Credit would like to acknowledge those who’ve helped shape our business with a month-long Referral Rewards program! If you send us a prospect before February 15th and that prospect becomes a client in 2016, we’ll send you a Yeti Hopper 30 cooler.
Please like GCBC on Facebook by clicking the following link and we will keep you up to date on current events: Gulf Coast Business Credit Facebook Page. Please connect with GCBC on LinkedIn by clicking the following link: Gulf Coast Business Credit LinkedIn Page. And please join our LinkedIn Group for Referral Sources and Commercial Lenders.
* Referral must be received by February 15th, 2016 and deal must close before 12/31/16 to qualify.
Article Posted On: January 28, 2016