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 Funds 15 Deals in September
In the month of September, Gulf Coast Business Credit (GCBC) funded 15 new Factoring and Asset Based Lending (ABL) relationships.
Amongst the 15 new client relationships there was a $10 million working capital facility to a Texas based technology consulting company, a $500,000 working capital facility to a Kentucky and Indiana based transportation company, and a $150,000 working capital facility to a Louisiana based medical coding company.
The Texas based technology consulting company was referred to GCBC by a commercial lender for its working capital needs. The company provides multiple technology solutions to a variety of industries. In order for the company to continue to expand globally, they needed more availability than their current factoring company was able to provide. The company chose GCBC for its accounts receivable finance needs because GCBC was able to provide a much larger facility than its current factor along with flexible terms and competitive rates.
The transportation company with locations in Kentucky and Indiana learned about GCBC through a digital advertisement campaign. The company has a fleet of 4 trucks and specializes in hauling auto parts throughout the US. With customers paying on an average of 35 days, the company chose GCBC for its freight factoring expertise in order to concentrate on growth rather than stress about their cash flow constraints.
Lastly, the Louisiana based medical coding company was referred to GCBC by a community banker. The company is comprised of Registered Nurses who specialize in Home Health Coding and OASIS Medical Reviews. The company chose GCBC for its invoice factoring needs for a variety of reasons including immediate funding, competitive rates and flexible terms.
As a division of Gulf Coast Bank & Trust Company, 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, Louisiana, Oklahoma, and Texas. To contact GCBC, please call 866-577-8867, or you can email us at gcbcinfo@gulfbank.com.
To stay informed with current promotions at GCBC and discuss ongoing issues the accounts receivable financing industry faces, GCBC formed a group on LinkedIn. Click here to join this group.
Article Posted On: October 15, 2015