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 kicks off Summer ’16 by funding 40 New Deals
Gulf Coast Business Credit (“GCBC”) started Summer 2016 off with a big splash! During May and June, GCBC funded 40 new Accounts Receivable Factoring and Asset Based Lending (ABL) relationships.
Amongst the 36 new client relationships there was a $150,000 working capital facility to a Texas based transportation company, a $750,000 working capital facility to a Louisiana based oilfield service company, and a $500,000 working capital facility to a California based staffing company.
The Louisiana based offshore staffing company was referred to GCBC by a community banker. The company had significant growth potential with new offshore contracts, however, as a young company, they didn’t have enough history for their bank to get comfortable increasing their line of credit. GCBC was able to give the company the working capital they needed to grow while allowing the community bank to keep their depository relationship.
The California based staffing company was referred to GCBC by an existing client. The company provides temporary staffing to distribution and warehouse facilities located throughout the west coast. In order for the company to meet payroll and other expenses, they needed more availability than their current factoring company was able to provide. The company chose GCBC for its accounts receivable factoring needs but that decision was driven by a variety of reasons including flexible terms, competitive rates, and GCBCs expertise within the staffing industry.
The Texas based transportation company was referred to GCBC by a CPA. The company has a fleet of 4 trucks and specializes in hauling flatbed loads throughout the US. With over 10 years of dedicated experience in the transportation industry, the owner wanted to start up his own company and chose GCBC for its expertise along with immediate funding, flexible terms, and competitive pricing. The company was happy about GCBC’s pricing and excited to have access to capital to grow the business and add 2-3 more trucks to his fleet.
As a division of Gulf Coast Bank & Trust Company, GCBC provides accounts receivable factoring 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 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 factoring industry faces, GCBC formed a group on LinkedIn. Click here to join this group.
| Invoice Factoring | Small Business Finance |
| What is Factoring? | Temporary Staffing Factoring |
| Accounts Receivable Factoring | Financing Alternatives |
| Freight Factoring | Asset Based Lending |
Article Posted On: July 21, 2016