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GCBC Partners with Community Bank in Working Capital Solution for LA Based Oilfield Service Company

GCBC Partners with Community Bank in Working Capital Solution for LA Based Oilfield Service Company

Gulf Coast Business Credit (GCBC) owes much of their success to bank referral sources.  Recently, GCBC partnered with a community bank and provided a $1 million working capital facility to a Louisiana based oilfield service company.

GCBC was able to partner with the community bank and develop a combined working capital solution that delivered exactly what the company needed. The community bank will continue to maintain the company’s line of credit while carving out a concentrated debtor from their borrowing base for GCBC to factor. The community bank subordinated their interest in this one debtor and maintained a first position on all other receivables.

With this combined working capital solution, the company can now maintain a relationship with their community bank while continuing to grow with the assistance of ongoing capital provided by GCBC.

GCBC is currently hosting a Referral Rewards program through the month of January. If you send us a prospect and that prospect becomes a client, we’ll send you a Bose SoundLink Bluetooth Speaker. You only need to refer us the deal in January to qualify. As long the deal closes sometime in 2015, you’ll be in “Bose-ness.” Get it?

You can contact GCBC either by phone at 866-577-8867, or you can email us at gcbcinfo@gulfbank.com.

Please like GCBC on Facebook by clicking the following link and we will keep you up to date on current events: Gulf Coast Business Credit Facebook Page. Please connect with GCBC on LinkedIn by clicking the following link: Gulf Coast Business Credit LinkedIn Page.

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