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Commercial Bank Introduces GCBC and Provides a Customized Solution for their Client

Commercial Bank Introduces GCBC and Provides a Customized Solution for their Client

Recently, Gulf Coast Business Credit (GCBC) was able to provide a $150,000 working capital facility to a South Texas based oilfield services company.  The company was referred to GCBC by a commercial lender that could not get the company approved for an increase to their line of credit.

The oilfield services company has operated for over 30 years and services not only the oilfield but commercial, residential and livestock/agricultural industries. In order to improve cash flow and take on additional business in the oilfield sector, the company was referred to GCBC. Having referred companies to GCBC in the past, the commercial lender trusted that GCBC would offer the best solution and was able to educate the company on financing options outside of traditional banking instead of sending the company away with a simple “No, we can’t help.”  GCBC gave the lender a “Yes” to offer their client.

GCBC was able to carve out and factor a concentrated debtor for the company while the bank maintained the ancillary services and a portion of the working capital facility outside of the concentration. Even though a traditional banking solution was not provided, the commercial lender was able to maintain a good relationship with this company and provide a customized solution through partnering with GCBC.

Gulf Coast Business Credit (GCBC) owes much of their success to bank referral sources. GCBC is currently hosting a Referral Rewards program through the month of January. If you send us a prospect and that prospect becomes a client, we’ll send you a Bose SoundLink Bluetooth Speaker. You only need to refer us the deal in January to qualify. As long the deal closes sometime in 2015, you’ll be in “Bose-ness.” Get it?

You can contact GCBC either by phone at 866-577-8867, or you can email us at gcbcinfo@gulfbank.com.

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.

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