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 RECENT FUNDINGS & FIRST QUARTER DOUBLE DIGIT GROWTH
In 2013, Gulf Coast Business Credit (GCBC) consistently provided working capital solutions to a variety of companies.
With a 25% increase in average portfolio growth for calendar year 2013 and Q114 continuing this upward trend with double digit growth, GCBC owes a special thank you to all referral sources in making this progress possible.
Recent fundings included deals such as a $250,000 working capital facility to a Louisiana based specialty food company, a $500,000 working capital facility to a North Dakota based oilfield service company and a $4 million working capital facility to an Arkansas based staffing company.
“Our accounts receivable finance division excels in supporting American industries, particularly in the transportation, staffing and oil and gas industries,” said Guy Williams, CEO of Gulf Coast Bank & Trust Co. GCBC is a division of Gulf Coast Bank & Trust Co. that provides working capital solutions to young and seasoned companies that may be experiencing high growth, turnaround or high concentrations.
GCBC is recognized as a leading provider of working capital finance throughout the United States, with production offices located in Colorado, Georgia, Tennessee, Texas, and Louisiana. You can contact GCBC either by phone: 866-577-8867 or email: email@example.com.
Article Posted On: April 10, 2014