Other News
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GCBC 20th Anniversary - Employee Growth
This year, GCBC celebrates its 20th anniversary, and we thought we'd take a moment to look back on some of our past accomplishments. Since the company was founded in 2000, GCBC has grown from 5 to 170 employees! Over the last 20 years, GCBC’s commitment to our valued employees has provided prosperity for families across the United States.
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GCBC 20th Anniversary - States
This year, GCBC celebrates its 20th anniversary, and we thought we'd take a moment to look back on some of our past accomplishments. Since the company was founded in 2000, GCBC has funded deals in over 48 states! Over the last 20 years, GCBC’s commitment to our valued client relationships has provided growth for businesses and prosperity for families from South Carolina to California, and almost everywhere in between!.
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GCBC 20th Anniversary - Clients
This year, GCBC celebrates its 20th anniversary, and we thought we'd take a moment to look back on some of our past accomplishments. Since the company was founded in 2000, GCBC has funded over 5,000 clients!
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IFA Appoints GCBC’s Meg Roberson to Advisory Board
Gulf Coast Business Credit (GCBC), the Factoring, Accounts Receivable Finance and Asset-Based Lending Division of Gulf Coast Bank & Trust Co. (GCB&T), is proud to announce that the International Factoring Association (IFA), the world’s largest association of commercial finance companies, has appointed GCBC’s Meg Roberson as a new Advisory Board member.
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IFA Appoints GCBC’s Meg Roberson to Advisory Board
Gulf Coast Business Credit (GCBC), the Factoring, Accounts Receivable Finance and Asset-Based Lending Division of Gulf Coast Bank & Trust Co. (GCB&T), is proud to announce that the International Factoring Association (IFA), the world’s largest association of commercial finance companies, has appointed GCBC’s Meg Roberson as a new Advisory Board member.
GCBC Closes 30 Hot Deals this Summer
In the months of June and July, Gulf Coast Business Credit (GCBC) funded 30 new Factoring and Asset Based Lending relationships.
Among the 30 new client relationships were a $5 million working capital facility to a Texas based inspection services company, a $2 million working capital facility to a Florida based freight transportation company, a $750,000 working capital facility to a California based advisory company, and a $500,000 working capital facility to a Louisiana based staffing and oilfield services company.
The Texas based inspection services company was referred to GCBC by a broker. The company had a traditional line of credit, but realized the facility limit would no longer be enough to fulfill their cash flow demand. The company chose GCBC for its invoice factoring needs because GCBC was able to provide the necessary capital they were seeking to double the size of their staff at a competitive rate with flexible terms.
The Florida based freight transportation company was referred to GCBC by a factoring professional who attended the International Factoring Association Convention held in April 2015. The company provides freight brokerage services through a network of agents located across the United States and Canada.
The California based advisory company learned about GCBC through another factoring firm. The company is privately held and provides advisory services in the financial sector.
Lastly, the Louisiana based staffing and oilfield services company learned about GCBC through a former client. The company provides skilled trades and labor staffing, as well as oilfield tool rentals and wireline services through a separate division. GCBC was able to provide the company with enough cash flow to take on new business they previously could not handle.
As a division of Gulf Coast Bank & Trust, GCBC helps provide accounts receivable financing to a variety of customers. GCBC is a leading provider of working capital finance throughout the United States with production offices located in Colorado, Georgia, Texas, and Louisiana. To contact GCBC, please call 866-577-8867, or you can email us at gcbcinfo@gulfbank.com.
Article Posted On: August 12, 2015