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Commercial Lender Refers A Louisiana Based Oil & Gas Services Company To GCBC

Commercial Lender Refers A Louisiana Based Oil & Gas Services Company To GCBC

Recently, GCBC was able to provide a $500,000 working capital facility to a Louisiana based oil and gas servicing company which was referred by a local bank commercial lender.

Due to the elevated risks of accounts receivable financing, the commercial lender was unable to provide a traditional banking solution for the company. The company already had personal loans with the bank but required increased cash flow to help take advantage of new opportunities. 

Instead of watching the company struggle to make payroll each week, the commercial lender decided to refer them directly to GCBC.  As a result of this introduction, the company’s cash flow has improved significantly and they were instantly able to take on new work that they had historically turned away. 

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.

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