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 Funding to Variety of Staffing Companies
Over the years, Gulf Coast Business Credit (“GCBC”)’s accounts receivable factoring has helped a variety of staffing companies grow.
Amongst the new Accounts Receivable Factoring and Asset Based Lending (ABL) relationships funded in 2016 to staffing companies, there was a $90,000 working capital facility to a Kansas based staffing company, a $250,000 working capital facility to a California based staffing company, and a $1.25 MM working capital facility to a California based staffing company.
The Kansas based staffing company who was provided a $90,000 working capital facility was referred to GCBC by a community banker. The company provides temporary nurse staffing to healthcare facilities located in Kansas and Louisiana. In order for the company to meet payroll and other expenses, they needed more availability than their current factoring company was able to provide. The company chose GCBC for it accounts receivable factoring needs for a variety of reasons including flexible terms, competitive rates, and their expertise in the staffing industry.
The California based staffing company who was provided a $250,000 working capital facility was referred to GCBC by a broker. The company specializes in providing administrative and industrial staffing. Since this staffing company was a start-up company with no historical financials, the company was unable to qualify for traditional banking. GCBC’s accounts receivable finance product was able to provide the company with the financial support they needed in order to grow without giving up equity.
Lastly, the California based staffing company who was provided a $1.25 MM working capital facility was referred to GCBC by a broker. The company provides staffing solutions, recruiting services and consulting services on safety to clients within the manufacturing, warehousing, and distribution industries. Instead of waiting on payments from clients for up to 90 days, GCBC’s staffing factoring will allow the staffing company to receive immediate payments and help control their cash flow.
Gulf Coast Business Credit understands the unique challenges of the staffing industry and can provide the financial support staffing companies need to help manage growth, take advantage of opportunities or help fund payroll. If your staffing company is tired of paying high factoring fees, be sure to check out our Staffing Factoring Experts promotion that ends on April 30, 2016.
You can contact GCBC by phone at 866-577-8867, or by email at gcbcinfo@gulfbank.com. GCBC has production offices located in Colorado, Georgia, Tennessee, Texas, and Louisiana.
Please join GCBC’s LinkedIn Staffing Industry Group by clicking the following link: Gulf Coast Business Credit Staffing Industry Group.
Article Posted On: April 26, 2016