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.
Community Banker Refers Mississippi Trucking Company to GCBC for its Freight Factoring Needs
Gulf Coast Business Credit (GCBC)’s Adam Landry recently funded a $300,000 working capital facility for a Mississippi based trucking company that was referred by a community banker.
The trucking company was incorporated by two transportation industry professionals in late 2013 with 1 truck. As their business began to grow, the trucking company hired more employees and increased their fleet to 10 trucks. In response to this growth, a community banker recommended they reach out to GCBC to provide them with freight factoring.
The trucking company was attracted to freight factoring primarily because GCBC was able to provide them with immediate funding for open invoices to help manage their cash flow. By choosing GCBC for their freight factoring needs, the trucking company will now be able to focus on growth rather than being held captive by slow paying customers.
Gulf Coast Business Credit would like to acknowledge those who’ve helped shape our business and we need your help to kick the summer off with a bang! To participate in our Referral Rewards program, all you have to do is send a prospect (any company in need of working capital secured by accounts receivable) to your favorite Gulf Coast Business Development Officer during the months of May and June. Every prospect referred takes you one step closer to winning a GoPro Hero3 camera. As long as the deal closes before 2016, you’ll “GoPro.” Get it?
Adam Landry is a Business Development Officer located in Lafayette, Louisiana. You can contact Adam either by emailing email@example.com or calling 337-443-4140. You can contact GCBC by phone at 866-577-8867, or by email at firstname.lastname@example.org. GCBC has production offices located in Colorado, Georgia, Louisiana, Oklahoma, Tennessee, and Texas.
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.
Article Posted On: May 19, 2015