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 Starts New Year Off With A Bang By Funding 15 Deals In January
Gulf Coast Business Credit (“GCBC”) started the New Year off with a bang! In the month of January, GCBC funded 15 new Accounts Receivable Factoring and Asset Based Lending (ABL) relationships.
Amongst the 15 new client relationships there was a $3 million working capital facility to a Texas based manufacturer and distributor, a $500,000 working capital facility to a Louisiana based oilfield service company, a $300,000 working capital facility to a California based transportation company, and a $90,000 working capital facility to a Kansas based staffing company.
The Texas based manufacturer and distributor was referred to GCBC by a broker. The company manufactures and distributes fixtures and displays for a variety of retail stores located worldwide. As the company continues to diversify their markets and grow globally, they needed more availability than their current factoring company was able to provide. The company chose GCBC for its invoice factoring needs because GCBC was able to provide a much larger facility than its current factoring company along with flexible terms and competitive rates.
The Louisiana based oilfield service company was referred to GCBC by a community banker. The company provides onshore and offshore construction and maintenance services. To remain competitive within the oilfield service industry, the company is offering more services which requires more cash flow. GCBC was able to provide the company with enough cash flow in order to take on new business and provide additional services they previously could not handle.
The California based transportation company was referred to GCBC by a freight broker. The company has a fleet of 3 trucks and specializes in hauling flatbed loads throughout the US. With over 20 years of dedicated experience in the transportation industry, the company chose GCBC for its expertise along with immediate funding, flexible terms, and competitive pricing. The company will now be able to concentrate on their growth rather than stress about cash flow.
Lastly, the Kansas based staffing company 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 within the staffing industry.
As a division of Gulf Coast Bank & Trust Company, GCBC provides accounts receivable factoring to a variety of customers. GCBC is a leading provider of working capital finance throughout the United States with production offices located in Colorado, Georgia, Louisiana, Oklahoma, and Texas. To contact GCBC, please call 866-577-8867, or you can email us at gcbcinfo@gulfbank.com.
To stay informed with current promotions at GCBC and discuss ongoing issues the accounts receivable factoring industry faces, GCBC formed a group on LinkedIn. Click here to join this group.
| Invoice Factoring | Small Business Finance |
| What is Factoring? | Temporary Staffing Factoring |
| Accounts Receivable Factoring | Financing Alternatives |
| Freight Factoring | Asset Based Lending |
Article Posted On: February 15, 2016