GCBC finishes strong Q3 with 43 fundings
Gulf Coast Business Credit (“GCBC”) had a great third quarter, closing 43 new Accounts Receivable Factoring and Asset Based Lending (ABL) deals. Amongst the new deals funded were a $4,000,000 working capital facility to a Louisiana based staffing company, a $300,000 working capital facility to a Texas based manufacturing company and a $200,000 working capital facility to a California based transportation company.
Gulf Coast Business Credit Welcomes 2019 Summer Interns!
Gulf Coast Business Credit (“GCBC”), the working capital finance division of Gulf Coast Bank & Trust (“GCB”), is pleased to announce its new team of interns for summer 2019. GCBC offers interns hands-on training in finance, sales/marketing, accounting and underwriting. Meg Roberson, GCBC’s Senior Vice President noted, “We are thrilled to welcome Lacey Bohanan, Kyle Hladky, Will Huber, Mike Mondragon and Sam Wheeler to GCBC. Our internship program is critical to our talent recruiting as we seek to hire and foster the next generation of GCB leaders.”
What is Temporary Staffing Factoring and How Does it Work?
All temporary staffing agencies need access to working capital in order to consistently make payroll. And for staffing companies experiencing growth, the importance of reliable access to cash is even greater. This is why many temporary staffing agencies finance their payroll through factoring companies.
GCBC Hires Vincent Miller as Credit Analyst/Underwriter
Gulf Coast Business Credit (“GCBC”) has experienced impressive growth over the first half of 2018. This not only applies to portfolio growth, but also to the size of the underwriting team. For the second time in 2018, a new Credit Analyst/Underwriter has been added to the team! GCBC is proud to welcome Vincent (“Vince”) Miller as a Credit Analyst/Underwriter for its Austin, Texas location.
Gulf Coast Business Credit Hires Aaron Renaud as New Underwriter
Austin, TX - Gulf Coast Business Credit (“GCBC”), a nationwide provider of accounts receivable finance and asset based lending, is pleased to announce the recent hiring of Aaron Renaud as Underwriter in their Austin, TX location. “We are excited and feel fortunate to welcome Mr. Renaud to the GCBC team. Aaron will play a key role to support recent portfolio acquisition and continued organic growth,” said Meg Roberson, GCBC’s National Sales Manager.
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: email@example.com or phone: 678-785-8900 or 480-302-1550.
Article Posted On: February 11, 2014