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GCBC FUNDS 12 NEW DEALS IN MAY

GCBC FUNDS 12 NEW DEALS IN MAY

Gulf Coast Business Credit (GCBC) announced the funding of 12 new Factoring and Asset Based Lending (ABL) relationships from the month of May.

Among the 12 new client relationships were a $150,000 working capital facility to a Louisiana based marine transportation company, a $500,000 working capital facility to a Wyoming based oil & gas services company and a $1,250,000 working capital facility to a Texas based oilfield transportation company.

The Louisiana based marine transportation company learned about GCBC through an outdoor billboard. With GCBC’s financing, the company will continue to service the Gulf of Mexico by transporting a variety of liquids and fuel to passenger vessels.

The Wyoming based oil & gas service company was a startup referred to GCBC by a current client. This company provides vacuum truck, roustabout, painting, maintenance, pressure washing and environmental pad site services. GCBC will provide working capital to fund expansion in all of the above categories.

Lastly, the Texas based oilfield transportation company came to GCBC through a Texas oilfield convention. GCBC’s working capital facility will allow the company to successfully transport bulk sand and provide ancillary services. ­

GCBC helps provide accounts receivable financing to a variety of customers. As a leading provider of working capital finance throughout the United States, GCBC has production offices located in Colorado, Georgia, Tennessee, Texas, and Louisiana. To contact GCBC, please call 866-577-8867 or email gcbcinfo@gulfbank.com.

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