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GCBC PROVIDES $350K WORKING CAPITAL TO MULTI-UNIT TRUCKING COMPANY

GCBC PROVIDES $350K WORKING CAPITAL TO MULTI-UNIT TRUCKING COMPANY

Gulf Coast Business Credit (GCBC) recently provided $350,000 working capital to a multi-unit trucking company based in Georgia.

The trucking company is family owned and operated for over 20 years with a fleet of 10+ trucks handling general import and export freight nationwide. Due to slow payments from shippers, the trucking company turned to factoring as a financial solution. Factoring will allow the company to turn invoices immediately into cash in order to meet payroll and other expenses.

Stuart Wrba, GCBC Vice President, stated, “With the help of GCBC, our new client will not have to worry about whether or not they will be able to cover payroll and fuel expenses. With the help of GCBC this company is now focused on expanding with additional drivers.”

With over 20 years of dedicated experience in the transportation industry, GCBC is able to provide capital to trucking companies natiowide. To view other recent deals, visit http://www.gulfcoastbc.com/recent-deals.

 

Stuart Wrba is Vice President, Business Development located in Atlanta, Georgia. You can contact Stuart either by email: stuartwrba@gulfbank.com or phone: 678-785-8900 or 480-302-1550.

Article Posted On: February 11, 2014

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