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 PROVIDES A $3MM WORKING CAPITAL FACILITY TO TEXAS BASED OILFIELD SERVICE COMPANY
Gulf Coast Business Credit (GCBC) recently provided a $3MM working capital facility to an oilfield service company headquartered in Texas.
The oilfield service company was factoring with a private competitor and came to GCBC through a company that provides part-time CFO services. The company is experiencing rapid growth and concentrations from debtors active in the multiple shale plays located in Texas. GCBC provided a significant savings over the private competitor, and expects to save the client over $100,000 a year in fees!
Elliot Smith, GCBC Vice President, stated, "Both myself and Gulf Coast Business Credit are really excited to bring this client on board. The combination of GCBC’s oilfield experience and our low pricing creates a compelling argument for oilfield service companies to move their business to GCBC. We look forward to a long term funding relationship.”
GCBC is recognized as a leading provider of working capital finance throughout the United States, specializing in accounts receivable financing for the oil and gas service sector. We understand the unique challenges of the oil and gas industry and provide the financial support companies need to manage growth and take advantage of opportunities. GCBC has clients located throughout the United States and has production offices located in Colorado, Georgia, Tennessee, Texas, and Louisiana. To view other recent deals, visit www.gulfcoastbc.com/news.
Elliot Smith is a Vice President, Business Development located in Texas. You can contact Elliot either by email: elliotsmith@gulfbank.com or phone: 713-364-6685.
Article Posted On: February 25, 2014