Other News
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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.
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Gulf Coast Business Credit Welcomes 2020 Summer Interns!
Gulf Coast Business Credit (“GCBC”), the working capital finance division of Gulf Coast Bank & Trust Co., is excited to welcome its 2020 interns, Max Wrba and Addison Baker. The internship program at GCBC offers a well-rounded and hands-on experience that gives participants exposure to all sectors of ...
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GCBC Celebrates 20 Year Anniversary in 2020
On February 1, 2020, Gulf Coast Business Credit (“GCBC”), a division of Gulf Coast Bank & Trust Co. (“Gulf Coast Bank”), announced the celebration of its 20th Anniversary as a leader in accounts receivable finance and asset based lending. Over the last 20 years, GCBC’s commitment to thousands of valued client relationships, partners and employees has provided growth for businesses and prosperity for families across the United States.
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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.
GCBC STRENGTHENS RELATIONSHIP WITH ONE OF INC. MAGAZINE’S & AUSTIN BUSINESS JOURNAL’S FASTEST GROWIN
As a division of Gulf Coast Bank & Trust Company (GCB), Gulf Coast Business Credit (GCBC) offers companies the best of both worlds: a bank relationship with the flexibility and customization of a specialty lender.
In 2013, GCBC’s Meg Roberson provided a $5 million working capital facility to One Source Networks (OSN), an Austin, Texas based communications company specializing in delivering global voice and managed network solutions to large enterprises. “GCBC provides asset based and factoring products to small and middle market companies that allow businesses to accelerate their growth.” says Meg Roberson. OSN was the 17th fastest growing company on the Austin Business Journal’s most recent Fast 50 list. OSN was recently listed in Inc. Magazine’s 5,000 fastest-growing private companies for the fourth consecutive year achieving 238% growth against 134% telecommunications industry average.
As OSN’s cash flow improved and business grew, it acquired a significant partnership with a Massachusetts-based private equity group. Due to this partnership, the company no longer required accounts receivable financing; however, the company was in need of a traditional line of credit to help manage acquisitions over time.
Ernest Cunningham, One Source Network’s CEO, stated, “Our company has experienced tremendous growth over the past several years from a financial, talent, product and infrastructure perspective. Although we no longer utilize accounts receivable financing, Gulf Coast Business Credit was able to strengthen our relationship through Gulf Coast Bank.”
GCB’s Terry Looney also recently provided OSN with an equipment line of credit. If you would like to learn more about GCB, please visit www.gulfbank.com.
As a leading provider of working capital finance throughout the United States, GCBC helps provide accounts receivable financing to a variety of customers. GCBC has production offices located in Colorado, Georgia, Tennessee, Texas, and Louisiana. To contact GCBC, please call 866-577-8867, or you can email us at gcbcinfo@gulfbank.com.
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.
Article Posted On: September 03, 2014