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 Recently Attended the Louisiana Motor Transport Association Seafood Gala April 18, 2015
Gulf Coast Business Credit recently attended the Louisiana Motor Transport Association (LMTA) Seafood Gala on April 18, 2015 at The Sugar Mill in New Orleans, Louisiana.
The event attracted over 800 transportation industry professionals and featured an array of seafood, including boiled crawfish, fried fish, and even jambalaya. Since GCBC is a LMTA sponsor and a leading provider in freight factoring and asset based lending, the LMTA Seafood Gala offered a great opportunity to network with other industry professionals.
This year, the event hosted a reverse raffle where the very last ticket drawn won $2,500. For crowd enjoyment, LMTA asked that the last 10 tickets drawn during the reverse raffle compete by hula hooping on stage. LMTA then divided the 10 ticket holders into two groups to compete and GCBC’s Adam Landry and his group won! Check out some hula hooping footage here:
LMTA currently represents approximately 400 truck and transportation companies nationwide. If you would like to learn more about LMTA, please visit their website at www.louisianatrucking.com.
GCBC’s team has over 20 years of dedicated experience in the freight industry and is ready to assist. It’s not too late for your transportation company to get on the Freight Fast Track! GCBC’s Freight Fast Track promotion offers freight and trucking companies instant approval, same day funding, waiving of first month's fees, and the lower rates and increased security of factoring with a bank. To qualify for this promotion, transportation prospects must fill out our free quick quote form online and use the promo code “Fast Track” by April 30, 2015.
Please like GCBC on Facebook by clicking the following link and we will keep you up to date on current events: Gulf Coast Business Credit Facebook Page. Please connect with GCBC on LinkedIn by clicking the following link: Gulf Coast Business Credit LinkedIn Page. And please join our Transportation Industry LinkedIn Group.
Article Posted On: April 23, 2015