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.
GCBC Attends 41st Annual Independent Bankers Association of Texas Convention
Gulf Coast Business Credit (GCBC)’s Robert James and Jeremy Talton recently attended the 41st Annual Independent Bankers Association of Texas (IBAT) Convention in Galveston, Texas September 19-22, 2015.
The 2015 Annual IBAT Convention attracted hundreds of community banking professionals from all over Texas. IBAT is comprised of over 2,000 community banks and branches in Texas, which makes it the largest state community banking organization in the nation. This year the convention featured sessions on topics such as succession planning, community development, merger and acquisition trends, cybersecurity, and compensation strategies.
As a leader in accounts receivable factoring and asset based lending throughout the United States, GCBC attended the convention to stay informed with current industry trends and network with industry professionals. During the convention, GCBC even gave away a Yeti Cooler to a banker who had visited their booth!
If you would like to learn more about the IBAT, please visit www.ibat.org.
GCBC owes much of its success to bank referral sources. Bankers refer companies to GCBC that may include one or more of the following characteristics: high growth, concentrated debtors, lack of history, negative net worth, historical losses and companies in high risk industries. Typically these companies cannot get approved for a traditional line of credit. For more information, please phone: 866-577-8867 or email: email@example.com.
GCBC has production offices located in Colorado, Georgia, Louisiana Oklahoma and Texas. GCBC is able to provide hassle free financial support to companies of all sizes. To help inform bankers of current promotions, specials, and issues the accounts receivable finance industry faces, GCBC formed a bank referral sources group on LinkedIn. Click here to join this group.
Article Posted On: October 14, 2015