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GCBC PROVIDES A $500K WORKING CAPITAL FACILITY TO IT STAFFING COMPANY

GCBC PROVIDES A $500K WORKING CAPITAL FACILITY TO IT STAFFING COMPANY

Gulf Coast Business Credit (GCBC) recently provided a $500,000 working capital facility to an IT temporary staffing company based in Texas.

The staffing company was started by two professionals with prior experience in the staffing industry and was referred to GCBC by a national bank. Since this staffing company was a young company with no historical financials, the company was unable to qualify for traditional banking.

Troy Zupancic, GCBC Vice President, stated, “We are thrilled to help two entrepreneurs fulfill their dreams by providing working capital for their newly formed staffing company. Our accounts receivable finance product will allow this company to get off the ground and expand its business without giving up equity.”

The staffing industry faces unique challenges, GCBC provides the financial support to help companies grow and take advantage of opportunities. To view other recent deals, visit our recent deals page.

 

 

Troy Zupancic is the Vice President of Business Development in Texas. You can contact Troy either by email: troyzupancic@gulfbank.com or phone: 817-410-4728.

Article Posted On: February 05, 2014

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