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 RENEWS AMERICAN STAFFING ASSOCIATION MEMBERSHIP
Gulf Coast Business Credit (“GCBC”) specializes in accounts receivable financing for the staffing industry. GCBC understands the unique challenges of the staffing industry and can provide the financial support staffing companies require to help manage growth, take advantage of opportunities or help fund payroll.
GCBC has renewed its membership with the American Staffing Association for 2014. The ASA membership will aid GCBC in being the premier accounts receivable finance provider for staffing companies nationwide. GCBC is proud to be a member of ASA and looks forward to expanding their client base within the staffing industry for years to come.
As a division of Gulf Coast Bank & Trust Company (“GCB”), GCBC offers staffing companies the best of both worlds: a bank relationship with the flexibility of a specialty lender. GCBC utilizes the GCB cost of capital and as a result, they are able to offer the most competitive rates in the industry. In addition to low rates, they pride themselves on service - fast, accurate and dependable service. GCBC funds on approved invoices the same business day they are received. Add no monthly minimums, no long-term contract and no application fee and it’s easy to see why GCBC has the best program for staffing professionals that are interested in accounts receivable financing.
To learn more about GCBC, visit www.gulfcoastbc.com
To learn more about the ASA, visit www.americanstaffing.net
Article Posted On: January 23, 2014